Student housing operators were adversely affected by the COVID-19 pandemic in 2020, according to a report issued Monday by the National Multifamily Housing Council (NMHC).
The 2021 NMHC Student Housing Income and Expense Survey includes detailed descriptive statistics for the 2020 calendar year income and expense statements of 953 private off-campus student housing properties, encompassing nearly 185,000 units and 529,000 beds across 47 states.
In 2020, many properties incurred higher vacancy costs and offered increased concessions in order to attract tenants.
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