GEC: Filling the Student Housing Waitlist Gap
GEC offers local rental apartments for domestic and international students
Global Education City (GEC) is a subsidiary of CIBT Education Group Inc. They’re providing clean, safe and convenient housing solutions to the education community.
Why Invest in Student Housing?
Over 70,000 international students are living in Metro Vancouver spending over $1200 per month on rent. This translates into a $1 billion rental income market from international students studying in Metro Vancouver but does not include domestic students migrating from other provinces.
Furthermore, as of September 2019, two of the local universities had over 7,000 students on their housing wait-list. And no other public and private colleges and universities in Metro Vancouver offer accommodation service. Students are left to fend for themselves.
Moreover, GEC offers local rental apartments with student-centric design and services for domestic and international students.
GEC designs high density properties with efficient layouts including smart furniture such as a space saving hideaway bed that can be transformed into a desk. In fact, this reduces the foot-print per unit, saves money for the students, and provides a higher return for the investors.
Cash Flow Returns
Due to its high density design, exclusive international student marketing opportunity and value added services, GEC properties generate above average cash-flow returns. Additionally, GEC buildings achieve a significantly higher return on capital when GEC sells the asset after stabilization. This is a result of high cash-flow yield.
For more information on Global Education City (MBA:TSX, MBAIF;OTC-QX) please fill out the form below.