07/31/2020 | Press release | Distributed by Public on 07/31/2020 12:29
Bisnow (July 31, 2020) -- The pandemic summer of 2020 has been busier than usual for student housing owners and operators. They are preparing their properties for student move-ins under strict cleaning protocols, adjusting amenities and common areas to the new realities and helping universities find student beds as they de-densify on-campus dorms.
In a way, now is a boom time for off-campus student housing, according to the speakers at Bisnow's Boston Student Housing Update webinar Tuesday. 'De-densifying on campus is creating opportunities to further strengthen off-campus communities,' Campus Apartments Executive Vice President of Development Warren Burke said. 'Our properties are tracking at 95% on rent collection, and pre-leasing is down just a tick or two from last year.' Burke said he has been in daily discussions with seven universities about availability at Campus Apartments properties. 'We're offering them first opportunity if possible to take those leases,' he said.
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