One Way to Make Money on Dorms: Wait for Investors to Fail
- Harrison Street CEO says inexperienced buyers taking on risk
- Merrill anticipates wave of distressed properties up for grabs
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While investors increasingly look for a home in student housing, Harrison Street’s Chris Merrill has been around the block.
He anticipates newcomers to the unfamiliar market will take a lot of risk -- and create a landslide of distressed properties that he can scoop up cheaply over the next 12 to 24 months.