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A new student housing product is arriving on the market: a hybrid of both traditional by-the-bed student housing and conventional by-the-unit apartments for adult professionals. The model isn’t surprising, considering some of the challenges with student housing, however, student housing expert Frederick W. Pierce of Pierce Education Properties says that this will likely remain a niche product type, rather than a standard in student housing. In fact the trend isn’t being widely adopted.

“There is not much of this going on in terms of new construction or purpose-built student housing –meaning, very few projects are being built with the express intent of it being student housing but having non-student occupants.  It is very difficult and complicated to offer by-the-bed leasing at the same time as joint-and-several, by-the-unit leasing,” Pierce tells GlobeSt.com. “The rental rates are often different and so are the lease terms.”

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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