In the present times, several companies are establishing their business models around student housing due to its increasing business potential and outstanding returns. Placing money for building and maintaining apartments for college students is a profitable investment that many investors can take advantage of today.
Nelson Partners – Specialists in the field of student housing
Nelson Partners is a credible and highly esteemed name in the student housing market. It was founded by Patrick Nelson in 2018, who has 14 years of rich experience in the industry and is a privately owned company specializing in student housing. It has managed over $400 in assets with two offerings in the University of Northern Colorado and Western Washington University.
The best properties under this company are located near some of the well-known universities of the country. The company professionals focus on customized services for their individual clients so that their unique needs and requirements are easily met.
The company enters into collaborations with owners of properties so that their goals are understood, and coupled with their expertise in the field of property management, the company adds value to real estate in the country. The qualified team has a special focus on student housing communities that offers them a unique perspective on the challenges of the specific needs of housing management and how to overcome them successfully.
High enrolment of students
Despite the increase in tuition fees in several nations across the world, the demand for both graduate and undergraduate degrees is rising. Student enrolment is increasing persistently, and parents continue sending their kids to college, so the demand for education is high.
When it comes to the question of real estate, the conventional factors to consider in this field are demographics and job or career growth according to Nelson Partners. Both applications and their following processes indicate that any specific area, especially near a college or a university, will always be filled with students. However, in this case, high enrolment is a key indicator for the rise in student housing.
It is natural for you to hear the term “recession-proof” a lot these days by business analysts. Some business analysts are often valid; however, there might be exceptions to the rule. Here, student housing is a great investment that is entirely resilient to the economic downturn.
In reality, if there is a local crisis, the effect on student housing is always the opposite. If you compare it to the other forms of real estate, more students apply for it during such times. The main reason is that a large number of people that apply assume that an undergraduate degree will open the door to new job opportunities, especially when the labor market collapse or becomes highly competitive. Students will always do their best to finish college, and those who pursue a graduate degree believe a master’s degree will open more opportunities to them in the job market.
Even during the COVID-19 pandemic, student housing boomed, with colleges and universities focusing on online learning, proving that it is resilient to such an environment too.