New REIT Niche: Off-Campus Housing

Abrams, Sandra Lea
March 2005
Investment Dealers' Digest;3/7/2005, Vol. 71 Issue 9, p14
Trade Publication
The article informs that in the past six months, three real estate investment trusts that specialize in investing in on-and off-campus student housing have gone public--benefiting directly from the real estate boom that will not die and the scramble for yield on the part of investors. "One reason the area has market interest is that investors are looking for alternative investments beyond the five major categories in the REIT sector that will bring higher yield," said Brendan Thorpe, a director in the REIT group, a financial firm, at Fitch Ratings, a credit rating firm. "Investors may get comfortable with the niche area because it is similar to multifamily, and you have a captive renter audience," he added.


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