IPC, Core Spaces create US student housing investment venture | News
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: “The strategic relationship provides our platform institutional access to best-in-class student housing opportunities – 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.”
Marc Lifshin, co-founder and CEO of Core Spaces, said: “We’re excited to bring Core’s deep experience investing in and developing the best purpose-built student housing in the US to our partnership with IPC.
“Throughout the pandemic, the U.S. student housing sector has shown incredible resilience and robust fundamentals, particularly at leading universities where enrollments are growing.”
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