Student housing just hit roughly 95% occupancy for Fall 2025, while many conventional multifamily assets are still hovering under 90%.

That’s a pretty wild gap when you think about it.

Even with higher rates and tighter lending conditions, demand for quality, campus-adjacent housing hasn’t slowed down. In fact, pre-leasing velocity in a lot of Tier-2 and Tier-3 university markets continues to outperform expectations.

Here’s what this means for investors:

• Student housing has proven far more recession-resistant than most realize.

• Demand is built-in - students keep enrolling, and they need somewhere to live.

• The operational complexity is higher, but so are the returns if managed well.

For me, this reinforces a big shift we’re betting on at Gold Crest Holdings:

Curious how others on BP are viewing this trend. Are you seeing the same strength in student housing in your markets?