Investing in Student Housing - Pros and Cons

[Brad Diggans]

I am looking into purchasing 10 units in a small town university in PA.  The obvious pro is that income is higher than comparable residential as you can rent by the bed as opposed to by the unit making the 10 units rent to 28 Beds.  The units are fully booked through May 2022 at this point and are financially a great deal based on the numbers for the next year.

The main risk I am seeing is that the 5 year trends show that small town universities are shrinking in enrollment in general and there is a big move to online courses after Covid.

I am looking for input from any experienced investors in the student housing market that can provide any additional insights into my decision. 

Thanks in advanced for your input.