Off Campus Student Housing

Enrollment in U.S. colleges is expected to increase by over 13% to more than 19.5 million students by the year 2015. Reports show that only 30% of college students are currently housed on campus, leaving 13.6 million students to find off-campus housing. With over 4000 colleges in the United States, the shortage of student housing is felt nationwide and with the tightening of credit markets the financing available for new construction projects has been reduced increasing the demand for off campus student  housing.  Western Washington University in Bellingham can only provide on campus student  housing for 30 % of its enrollment. These parameters will create a market segment that will be a "safe haven for investors" in Off Campus Student Housing (OCSH) for the next 5-7 years. An added leverage to provide additional return in Off Campus Student Housing are multifamily units that are located on "adjacent properties". These are properties that are "adjacent" to the Waterfront Development Project. The location of "adjacent properties" is defined in "Executive Summary Waterfront Development" in "local news". Please take look at 4 typical OCSH properties for sale in Gallery 4, photo’s 4-2, 4-3, 4-3 & 4-5. These are excellent examples of  Off Campus Studend Housing located on “adjacent properties”.