Student housing has been a hot real estate investment subject. Philadelphia, with several major universities and hospital universities in the city and surrounding area, has become a great source for positive cash flowing properties.
In particular, the Temple University area has been hot for investment real estate. We have posted several blogs about Temple University student housing investments over the years, and we're always being asked by would be investors what is Temple's future like.
I am a Temple alumnus, and receive the "Temple Review" magazine. Also having toured the campus a few months ago for my daughter's own college search, I must say it's impressive. Temple University has come a long way since my 1980 graduation.
Over the last few years, property investing in the Temple area has become competitive. Investors and contractors have been rehabbing and building student housing properties along with Temple own housing expansion and Philadelphia's revitalization plan for the area.
Temple has been involved with community outreach projects and will increase the partnerships with the community in the region and across Pennsylvania. As stated in the recent Temple Review, "Temple also will create new facilities for learning, living and recreation. Temple 20/20, the framework through which the university will become a true destination, will rejuvenate Broad Street and make it a vibrant corridor that thrives around the clock as a lively urban environment."
In the Philadelphia Business Journal article of April 22, 2010, Temple has initiated selling $150 million in bonds for its $1.2 billion in development plan. "The school is hopeful the projects will continue to reinvigorate North Broad and re-establish the artery as the gateway to the campus. Once completed, the plan will create more green area and academic space, develop additional campus housing and link the core of the main campus to North Broad.
Read more: Temple's $1.2 billion project - Philadelphia Business Journal
With the growth already experienced and seen and with what Temple is planning, the housing and rental market should continue to be an attractive area for real estate investments.
Check out the Temple Univ. area investment properties available at this time at SellPhillyProperty.com