Overall, the move bodes well for class-A malls in the U.S., according to industry analysts.

Investment banking firm Robert A. Stanger & Co. is predicting that fundraising for non-traded REITs will reach $4.2 billion this year.

Fannie Mae and Freddie Mac held 37 percent ($467 billion) of all mortgages on multifamily properties outstanding as of Sept. 30, 2017, according the Federal Reserve data.

There is likely to be a pool of over 30 million college-age people every year for decades to come.