Dorms REIT Place to Hide From Housing Storm (at SmartMoney.com)

Dorms REIT Place to Hide From Housing Storm |Published: July 22, 2008 11:54 AM By Dawn Wotapka Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The first tenants won't move into Vista del Sol in Tempe, Ariz., until next month, but its nearly 2,000 beds have been preleased for months. Cancellations aren't a concern: There's a lengthy waiting list. The secret is location, location, location. Vista del Sol will house college students on the campus of Arizona State University. The fact that colleges like Arizona State are loosening their grip on campuses and striking development deals with outsiders - in this case American Campus Communities Inc. (ACC) - isn't the only reason analysts see lots of potential in CliffsNotes, credits and kegs. Enrollment is growing nationwide - there already aren't enough campus beds to go around - and... [read full story]