The Real Deal Miami

School’s in for buying

May 15, 2009 01:25PM

Lower real estate prices are spurring universities to buy up properties and increase the size of their campuses. Private schools are expanding student housing, lowering construction costs for ongoing developments and initiating other projects. Barry University in Miami Shores, for example, bought a 57-unit rental apartment complex near campus for $4.6 million in February. Palm Beach Atlantic University may also be interested in making acquisitions.