US property investors Inland Private Capital Corporation (IPC) and Core Spaces have partnered to target student housing investment opportunities throughout the country.
The companies said their newly created joint venture will target ground-up and substantially complete, off-campus purpose-built student housing opportunities located at leading, top-tier universities.
Keith Lampi, president and COO of IPC, said: 鈥淭he strategic relationship provides our platform institutional access to best-in-class student housing opportunities 鈥� an investment category that has historically demonstrated predictable and stable performance, even during times of economic volatility and most recently throughout the COVID-19 pandemic.鈥�
Marc Lifshin, co-founder and CEO of Core Spaces, said: 鈥淲e鈥檙e excited to bring Core鈥檚 deep experience investing in and developing the best purpose-built student housing in the US to our partnership with IPC.
鈥淭hroughout the pandemic, the U.S. student housing sector has shown incredible resilience and robust fundamentals, particularly at leading universities where enrollments are growing.鈥�
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