Student housing could rebound quickly in the spring semester, if universities are able to reopen, that is. Student housing investor Fred Pierce is confident that will happen once the election ends, regardless of the outcome. As a result, he is preparing for a rebound in the spring and next fall, and he is continuing to be an active buyer.

"The spring will be interesting," Pierce, principal and founder of Pierce Properties, tells GlobeSt.com. "During the pandemic, there has been a clear political delineation with states with Republican Governors pushing for more aggressive re-opening of businesses and schools, while states with Democratic Governors have done the opposite. In my opinion, this is heavily influenced by the Democrats belief that keeping the economy shut down will benefit Joe Biden's election prospects, while Republicans believe a recovering economy will bolster the re-election of the President."

Within Pierce's view of the market, he expects the reopening to move quickly after the election. "I expect that following the November election—irrespective of the outcome—the partisan posturing surrounding the re-opening of the economy will dissipate and there will be a unified effort regarding re-opening.  This will benefit schools and universities," he says.