American Campus: Sound The Bell, School's 'Almost' In

Jun. 02, 2020 7:00 AM ETBlackstone Inc. (BX) StockBX36 Comments

Summary

  • I’ve become increasingly certain that the campus housing sector won’t become some sort of apocalyptic wasteland.
  • My college experience was meaningful because 1) the relationships I fostered 2) in-person experiences that allowed me to develop skills beyond merely memorizing data.
  • As I told my son, obtaining a college education is important, especially the social interaction aspect of it. Besides, "You’re too legit to quit."
  • Looking for a portfolio of ideas like this one? Members of iREIT on Alpha get exclusive access to our model portfolio. Get started today »

I was recently reading an article in Barron’s titled “A Return to Campus, But Not to Normalcy.” It was written by Stephen K. Klasko – the president of Thomas Jefferson University and CEO of Jefferson Health – and Mark L. Tykocinski, the school’s executive vice president and academic affairs provost.

In the article, the duo explain how:

“Almost every university in the U.S. has suffered painful financial losses – refunding room and board to students, forgiving revenue-producing summer events, and paying for online technology to help sustain learning for spring and summer programs.”

For the record, it was no picnic on the parents' and students’ end either. Believe me.

Last month, my daughter graduated from college. She plans to begin grad courses this fall and was able to obtain a partial refund for room and board. And my son will be starting his freshman year at the same time, causing more COVID-19 questions and solution seeking.

It’s been quite the shutdown so far. For everyone involved.

But I might have some good news.

The New Normal Won’t Be Completely Different

Back to that article, the co-authors went on to explain how:

In a very compressed time span, we have begun to define the higher education of the 21st Century. What we’ve seen is a future marked by virtual tools, hybrid delivery of curriculum and, most importantly, the need to be nimble, creative, and imaginative in meeting the challenge of an increasingly digital world.”

As such, Thomas Jefferson University will be resuming an in-person educational format. However, it does recognize that:

“Some students may be concerned to join an in-person class. Where possible, we’ll create an all-digital option. Some classes will have extra sessions to maintain smaller sizes. Residence halls will be set up for single rooms, and we’re exploring off-campus housing options

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This article was written by

119.56K Followers

Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies.

Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former hedge fund manager, due diligence officer, portfolio manager, PhD, military veteran, and advisor to a former U.S. President.

Note: Brad is also related to Nicholas Thomas who contributes to Seeking Alpha.

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Analyst’s Disclosure:I am/we are long ACC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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