The sleeper in the investment world – student accommodation – is suddenly wide awake. A record €14.4 billion in new capital has gone into the long-overlooked sector in the past 18 months as institutional investors jostle for position.
Transactions in the United Kingdom, the most active market, jumped from £2 billion (€2.5 billion) in 2014 to £5.7 billion in 2015, according to JLL.
Tim Noonan, managing director with JLL Capital Markets in the Chicago, says in the United States, transactions in student housing between June 2014 and December 2015 totaled $7.64 billion, of which about $3.4 billion was sold to institutional investors.
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