The Real Deal Miami

Developers head back to school, but not to study

Robert Toll

National development firms, including Toll Brothers and Lennar Corp., are hopping on the student housing bandwagon, in an effort to better withstand the next recession, the Wall Street Journal reported.

Toll is buying land near the University of Maryland, College Park, and Pennsylvania State University to develop upscale student housing, while Lennar broke ground in February on an off-campus apartment community near the University of Texas at Austin. [more]