E-Paper

UAE

Life and Living

World

Opinion

Business

Sports

Entertainment

Dubai World Cup

lifestyle

Travel

Reviews

Brands

Supplements

KT Events

KT APPDOWNLOAD

HMG expands US portfolio with student housing project

Top Stories

UAE announces 2-month grace period for residence visa violators

UAE announces fee refund for tax service charges from August 1

Paid parking in Dubai: Residents face up to Dh4,000 extra yearly costs when new rates kick in
HMG expands US portfolio with student housing project

Dubai - The new project is located minutes away from major colleges and universities such as University of South Carolina, Limestone College, Gardner Webb University, among others.

By Staff Report

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Mon 10 Aug 2015, 12:00 AM

Last updated: Tue 11 Aug 2015, 9:34 AM

HMG Properties has announced the launch of its first student accommodation project in South Carolina, United States.
Academic Square Carolina joins HMG Properties' American portfolio, which boasts of luxury and budget homes. The new project is located minutes away from major colleges and universities such as University of South Carolina, Limestone College, Gardner Webb University, among others.
Currently, more than 20 million students are enrolled in US colleges and universities. The college enrollment growth in the United States is projected to grow to 24 million by 2020.
With record numbers of international students arriving in the US combined with funding challenges for some institutions to expand on-campus housing facilities, the onus now falls on private off-campus property developers to cater to the growing demand. Investment in such properties will give buyers attractive returns and yield in the coming years.
Raed Bourjass, chief executive officer of HMG Properties, said that Academic Square Carolina is a resilient asset class property with the ability to drive returns even during a real estate downturn.
- business@khaleejtimes.com


More news from