More good news for Blacksburg real estate investors.
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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.
Posted by: John | June 22, 2008 at 02:15 PM
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?
Posted by: Jeremy Hart | June 23, 2008 at 11:49 AM
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.
Posted by: John | June 25, 2008 at 07:57 AM