Dubai, UAE, August 1, 2015
HMG Properties, a leading international real estate group based in the GCC, has announced the launch of its first Student Accommodation project in USA with the name of Academic Square Carolina in South Carolina, United States with an aim to capture a large chunk of the growing student accommodation market.
Located in Gaffney, South Carolina, Academic Square Carolina joins HMG Properties’ impressive American portfolio, which already boasts of high-quality luxury and budget homes. The new project is located minutes away from major colleges and universities such as University of South Carolina, Limestone College, Strayer University, among others.
Academic Square Carolina is built on HMG’s confidence on the district’s potential to attract international students. Currently more than 20 million students are enrolled in US colleges and universities, and the overall college enrollment growth in the United States is projected to grow to 24 million by 2022.
With record numbers of international students arriving in the US combined with funding challenges for some institutions to expand on-campus housing facilities, the onus now falls on private off-campus property developers to serve the growing demand. Investment in such high-demand properties therefore give buyers attractive returns and yield in the coming years.