Wall Street Journal / February 24th, 2015
Wall Street Journal reports: Student housing properties are undergoing a transformation. Developers have started adding retail shops, restaurants and hotels. The change reflects student demand and will attract buyers willing to pay a premium.
Sterling Frisco, for example, sold for $223,744 per unit. That is a considerable premium above the average price of $144,160 per unit reported by commercial real estate data and analytics firm Real Capital Analytics for student-housing properties sold for $2.5 million or more in the U.S. during 2014.