According to an article written by Patrick Clark for Bloomberg News, companies that specialize in off-campus student housing have become one of the most profitable investments in the real-estate sector:
“Shares in Education Realty Trust, a Memphis-based landlord whose earnings report met Wall Street expectations this morning, are up 54 percent in the past year. American Campus Communities, the only other publicly traded student housing landlord, is up 44 percent. By comparison, a Bloomberg index of North American apartment landlords is up 12 percent over the same period. . . .
“The long-term theme is that college enrollment has boomed over the past few decades, and investment in new on-campus dorms hasn’t come close to keeping up. In the short term, the shares are likely rising because investors are looking to hedge against the possibility of a U.S. recession. . . .
“That’s because kids keep going to college, and schools have run out of…
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