More good news for Blacksburg real estate investors.
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{ 6 comments… read them below or add one }
J.
It’s always been my thought that Smith’s Landing was being built and would end up with an official or unofficial tie to University Housing and somewhow get subsidized. I guess the cynic in me thinks that other rental properties will be at a competitive disadvantage.
Just my thought.
J.
It’s always been my thought that Smith’s Landing was being built and would end up with an official or unofficial tie to University Housing and somewhow get subsidized. I guess the cynic in me thinks that other rental properties will be at a competitive disadvantage.
Just my thought.
John, I had not heard that about subsidized University housing, that’s a new one to me. If true, it WOULD put other properties at a competitive disadvantage. Truthfully, putting too many properties into the market will put everyone with that product at somewhat of a competitive advantage (i.e. condos in Blacksburg, or townhomes in Christiansburg), don’t you think? Nevertheless, unless Virginia Tech reels in their admission numbers (which I doubt will happen) and continues to grow at a steady pace, investors should stay happy. Am I missing something?
John, I had not heard that about subsidized University housing, that’s a new one to me. If true, it WOULD put other properties at a competitive disadvantage. Truthfully, putting too many properties into the market will put everyone with that product at somewhat of a competitive advantage (i.e. condos in Blacksburg, or townhomes in Christiansburg), don’t you think? Nevertheless, unless Virginia Tech reels in their admission numbers (which I doubt will happen) and continues to grow at a steady pace, investors should stay happy. Am I missing something?
No not missing anything at all. I think the steady rise in admissions and growth is great. I guess I have seen too many other projects get put through the ringer and Smith’s Landing has gotten a pass on a lot of stuff.
No not missing anything at all. I think the steady rise in admissions and growth is great. I guess I have seen too many other projects get put through the ringer and Smith’s Landing has gotten a pass on a lot of stuff.