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.
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.