Florida issuer to sell speculative-grade student housing bonds
Excerpt from the article:
(January 22, 2026) Bond proceeds will be used primarily to buy 4.75 acres of land near Florida International University's University Park campus in Miami and build a 820 beds of student housing.
"It's a different name and that always attracts a crowd — even with people that might have been burned by names like Brightline for example," said Cumberland Advisors Chief Investment Officer John Mousseau, who said the bonds' rating is too low to be of interest to Cumberland.
"The demographics of colleges continue to be challenging from an applications standpoint," Mousseau said. Florida International University "continues to draw well and is a value proposition versus private schools."
S&P said it expects continued enrollment growth at FIU, which is adjacent to the planned Sweetwater, Florida, student housing. FIU's University Park campus is about a nine-minute walk from where the housing will be built.
Click here to read the full article on the The Bond Buyer website.
John R. Mousseau, CFA
Vice Chairman | Chief Investment Officer
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