If you're building out your real estate portfolio as a hedge against the next recession, you may want to think "student housing". A new report says a record number of Millennials are pursuing college and will likely continue straight through any downturn.
Real estate investment manager TH Real Estate said in its latest report, that institutional investors spent $9 billion dollars on student housing last year. And, the report says that institutional interest in this niche sector is growing.
Researchers found that enrollment is up among Millennials for both college and post-graduate degrees. And with cash-strapped colleges and universities unable to build more dorms, there's a huge demand for near-campus housing.
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