ARTICLE
5 September 2022

University Housing Bankruptcies Show Rare Misfires In Hot Market

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Morrison & Foerster LLP

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Seth Kleinman spoke to Bloomberg Law about luxury college student housing projects, which were once feared to be in jeopardy of bankruptcy at the onset of the pandemic...
United States Insolvency/Bankruptcy/Re-Structuring

Seth Kleinman spoke to Bloomberg Law about luxury college student housing projects, which were once feared to be in jeopardy of bankruptcy at the onset of the pandemic but have since become a magnet for real estate investors.

According to Seth, while COVID has created some uncertainty in student housing broadly, lenders aren't shying away from attractive locations where enrollment numbers are increasing. Still, he said, COVID was "a real wakeup call that there could be structural changes in student housing."

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Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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