Bloomberg Businessweek

The Big Business Of Housing Students

High turnover. Messy tenants. And stable returns for investors—at least for now
Study by the pool

Isaac Sitt and Elliot Tamir had been investing in real estate for years when they stumbled onto the idea. They’d bought a few apartment buildings in Brooklyn, N.Y., in 2008 and, after the financial crisis, were struggling to rent units. So they decided to put up ads at the nearby Wyckoff Heights Medical Center, expecting to lease to doctors. Instead, they got medical students. With jobs scarce, tons of people were going to

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