Well first of all, "green housing" is honestly one of the few "green investments" that makes sense. Lower's heating/cooling bills, increases building efficiency, etc. For people who own their own house, it lowers their monthly bills. For real estate investors, it increases their cashflow and gives them another deduction factor.
As for the other question, Student housing is actually a pretty "safe" investment. You've heard of section 8 housing I assume? Where the federal government pays for someone's rent? Where there's several "subsections" to that specific law. Section 42 is the most common (Subsidized Senior Housing), but there's many others. I can't remember the exact section number, but there's a subsection that applies to Subsidized student housing.
So I don't really think there's anything out of the ordinary here, other than Blackstone being dumb and attempting to keep up appearances that the college system isn't crashing and burning (University enrollment is at a historical low and still falling as we speak. I think it's something like 10-15% of highschool graduates are now going on to attend college).
Alternatively they could be buying it with the intention to convert them into regular apartments later once the government contract is up.
Hopefully it will encourage parents to send their kids to an apprenticeship instead of to college. These days, it's teaching them to become radical fascists.
Blackstone isn't Blackrock, and they are buying a company that already has a lock on campus housing, so far not an expansion.
They’ll turn all the housing green and indoctrinate our children further. Any other ideas of why they’d be interested in campus housing?
Chinese/foreign nationals? (First thought. Am probably way off.)
Well first of all, "green housing" is honestly one of the few "green investments" that makes sense. Lower's heating/cooling bills, increases building efficiency, etc. For people who own their own house, it lowers their monthly bills. For real estate investors, it increases their cashflow and gives them another deduction factor.
As for the other question, Student housing is actually a pretty "safe" investment. You've heard of section 8 housing I assume? Where the federal government pays for someone's rent? Where there's several "subsections" to that specific law. Section 42 is the most common (Subsidized Senior Housing), but there's many others. I can't remember the exact section number, but there's a subsection that applies to Subsidized student housing.
So I don't really think there's anything out of the ordinary here, other than Blackstone being dumb and attempting to keep up appearances that the college system isn't crashing and burning (University enrollment is at a historical low and still falling as we speak. I think it's something like 10-15% of highschool graduates are now going on to attend college).
Alternatively they could be buying it with the intention to convert them into regular apartments later once the government contract is up.
Iys probably not that it's campus but it will hold there fiat dollars until after the money is redone.
Fiat worthless, property, b Valuable.
They are buying everyrhing
Hopefully it will encourage parents to send their kids to an apprenticeship instead of to college. These days, it's teaching them to become radical fascists.