US student dorms turn trendy homes

Pebb Capital managing director James Jago on the rooftop of Monarch Heights, which is being marketed to young white-collar workers in New York. The conversion of student housing into upscale apartments has been playing out for years as universities f

When Yeshiva University in the United States got into financial trouble a few years ago, some property developers saw an opportunity.

To free up cash, the oldest school in the country began selling pieces of its real estate, including the Alabama, a student housing property in Manhattan that served students at Yeshiva’s Cardozo Law School.

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