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Student housing sales volumes have already hit $1.2 billion for the year, meaning the market is on track to reach between $8 billion and $10 billion in student housing sales this year. Student housing investment sales have been steadily increasing since 2015, creating a new industry normal that is likely to keep pace through 2019.

“Through mid-March, RCA had reported $1.2 billion in student housing investment sales in 2019, but that is not yet a full quarter and there is always a lag in reporting commercial real estate sales, so the Q1 totals will most assuredly be higher than that,” Frederick W. Pierce, IV, president and CEO, at Pierce Education Properties, tells GlobeSt.com. “As the first quarter has historically represented 22% of annual volume, sales thus far support the continuation in 2019 of the “new industry norm” of $6 billion or more of annual student housing investment sales that has been eclipsed every year since 2015.  Depending on how many portfolio transactions occur, the investment sales volume could again reach the $8 billion to $10 billion range.”

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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