Universities Explore Turning Dorms Into High-end Housing

by therealdeal.com posted 8months ago 63 views
Developers are eyeing sparsely-populated student housing as an opportunity to create high-end apartments for professionals. According to data from Moody’s, 30 percent of public and private universities in the country are running deficits, the New York Times reported. And with fewer students on campus due to the pandemic, some are looking to close the financial gap by partnering with private developers to transform dorms into apartments. Pebb Capital, in partnership with Coastal Ridge Real Estate, The post Dorms no more: Student housing turns into high-end apartments appeared first on The Real Deal New York.

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