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nvestcorp has made a significant move in the student housing market, acquiring over $300 million worth of properties, including four off-campus locations near top universities. The purchase totals nearly 3,000 beds and includes assets near Texas A&M University, Texas State University, University of Kentucky, and University of Oklahoma. Notably, these properties are highly occupied, with rates ranging from 96% to 99%. This acquisition is part of Investcorp's broader portfolio, which spans over 20,000 beds across 30 investments.

    Student housing has proven resilient in the face of high interest rates, unlike other asset classes like multifamily and office markets. Rent growth has averaged 5% this school year across top university markets, according to Yardi data cited by Investcorp. This trend is driven in part by a shortage of student housing, with many universities experiencing enrollment-to-bed ratios above 1:1. For example, Texas Tech University has a ratio of 1.46 students per bed, while the University of Texas at Austin has a ratio of 1.04.