Funds invest in student housing as prospects brighten
Higher enrollment in tertiary education has led to universities seeking private sector funding for residential facilities to house the next generation of students.
JLL estimates that students in higher education will increase from 165 million in 2011 to 263 million by 2025. The increasing enrollment comes from the growing number of parents from China and India who prefer to send their children to prestigious overseas institutions.
JLL reveals that in the past 18 months, a record €14.4 billion (US$15.5 billion) in new capital has been invested in the student housing sector as universities seek to partner with institutional investors to help transform facilities to cater to rising student intake. At the time of writing, GIC, Singapore’s sovereign wealth fund, announced that its joint venture with Canadian Pension Plan Investment Board and The Scion Group had acquired three U.S. student housing portfolio for about $1.6 billion …