Student housing has come a long way in the decades since most Baby Boomers went to college
. Our generation had a twin bed, desk and chair, maybe a hot plate and Crock Pot, in tiny dorm rooms. The bathroom was down the hall and the gym was across the quad – no fun in winter months for millions of us.As students head to college campuses campuses in August and September, more are luxuriating in spacious apartments steps from class with premium amenities. There was off-campus housing when Boomers were undergrads, too, but it tended to be somewhat run down, and it rarely offered luxuries.
Both of these factors are helping to spur significant private investment in the student housing market — the third trend. These can be on-campus or near-campus apartments, and represent $29 billion invested. “New and renovated student housing tends to be vastly improved over the dorms of yesteryear,” observes Eric Luskin, senior vice president of, a firm that manages and consults on $5 billion in student housing assets across the country.
Lifestyle features at private student housing include some of the same amenities you’d find in upscale condo communities. “Pools, luxurious clubhouses, fitness centers and large screen televisions are common,” Luskin shares.The Scion Group LLC/Photo: RL|D Creative
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