Beer Pong with
the raucous parties is the future quaint of some of the biggest names in
real-estate development for college students housing.
Currently,
Lennar Corp, one of the nation’s largest home builders broke ground on its
first off-campus apartment community near the University of Texas at Austin.
The moves are
designed to help the companies’ better weather the next economic recession by diversifying
into areas considered less sensitive to downturns. During the real-estate
crash, as prices of single-family homes declined and apartment landlords
reduced rent, many student-housing landlords continued to raise rent, thanks to
the generosity of families and children loan programs...
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