GlobeSt.com: What shifted student housing tomainstream status for lenders and developers?
Bayless: It was our IPO in 2004, which was quicklyfollowed by two others. Wall Street got an introduction to thesector's business case and began to understand why student housingwould be a good mainstream investment. Until then, the sector hadbeen burdened with double digit-weighted cost of capital.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
