{"id":273104,"date":"2010-02-03T12:20:00","date_gmt":"2010-02-03T17:20:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/one-part-of-the-real-estate-market-is-booming-prisons-2010-2"},"modified":"2010-02-03T12:20:00","modified_gmt":"2010-02-03T17:20:00","slug":"moodys-heres-one-part-of-the-commercial-real-estate-industry-thats-growing-wildly-and-creating-jobs","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/273104","title":{"rendered":"Moody’s: Here’s One Part Of The Commercial Real Estate Industry That’s Growing Wildly And Creating Jobs"},"content":{"rendered":"

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While real estate might be the most battered market of our “Great Recession,” there is one asset class still selling.<\/p>\n

Prisons have come to the forefront<\/a> as governments in search of more space employ private companies to build them more cells.<\/p>\n

Yesterday, Moody’s came out with positive comments on the sector, saying:<\/p>\n

“The sector has experienced fairly high and steady occupancy rates for most of the recent decade, driven by strong demand fundamentals.”<\/em><\/p>\n

One well known investor on the prison bandwagon? Bill Ackman, who last year came out with a presentation on Corrections Corp of America.<\/p>\n

Check out his case here ><\/a>
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Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n