Investors Pour Billions Into Off-Campus Living So Students Can Live Like Kings

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Nice Move

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I lived in the dorms for a year before moving out into a quaint one-bedroom deep in the heart of Uptown Dallas. It was nice. Had a gym, two pools, elevators, a business center, parking garage, and the entrance looked like you were entering a hotel. It wasn’t the nicest place to live, but it did me well for a few years.

Kids nowadays get to live in some pretty fucking luxurious off-campus places. Walk around Florida State, Arizona State, or the University of Arizona and you’ll find that these kids’ apartment complexes are more like spring break resorts than they are places students actually live in. This is all thanks to rising investments into off-campus living.

From Bloomberg:

Purpose-built student housing has become increasingly upscale over the past decade, driven by rising enrollments and an infusion of new capital. Investors seeking recession-resistant assets poured an estimated $4.5 billion into the properties last year, up from $3 billion the year before.

And—surprise, surprise—developers targeting college students are building private dorms that are more likely to resemble beach motels than libraries.

Bloomberg would then go on to break down what kind of amenities each place had. Some were a little more luxurious than others.

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These account for just a few of the amenities, too. We’re talking about places that have valet trash service, laundry machines that text you when your shit is done, and restaurants inside the complex. The amenity that takes the cake, though? Whichever place is rocking the golf simulators. Kinda need to live there now.

[via Bloomberg]

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