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Student housing and multifamily are both considered recession-resistant asset classes. The reasoning is simple: even in a down market, people still need a place to live and students still go to college. While multifamily has been favored, student housing may actually perform better in a down cycle, according to Frederick W. Pierce, IV, of Pierce Education Properties.

“While more students pursue an education during a down cycle and demand for student housing expands accordingly, multifamily occupancies and rents are highly correlated to the economy,” Pierce, president and CEO of Pierce Education Properties, tells GlobeSt.com. “When unemployment increases, renters become more price sensitive.  Those who are laid off often double up in housing with friends and family. Generally, none of those factors impact students and their demand for housing.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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