NEW YORK (TheStreet) -- The images that come to mind when talking about college housing are usually along the lines of tight spaces with twin beds and bad lighting. But that isn't the case anymore for some U.S. college students.
CNBC's Diana Olick was at college park in Maryland on Friday afternoon's "Power Lunch," not far from the University of Maryland campus, where students are getting a different kind of off-campus housing experience.
Olick was reporting from Landmark Apartments by Chicago-based developer CaVentures. The building is "the latest in what are now being called super-dorms, increasingly over the top, very, very close to campus housing, which is now a hotbed for investors," she said.
The interest in building these super student housing locations began about three years ago, CaVentures COO JJ Smith said on CNBC.
"A lot of the capital institutional investors needed to be educated on the space itself and what it meant to be student housing. We had to do a lot of convincing that it wasn't all 'Animal House' structures but actually really stable properties," Smith said.
Smith wasn't kidding when he said there would be no "Animal House" atmosphere, CNBC was invited into one student's space, which could put some NYC apartments to shame.
The two bedroom unit was fully equipped with stainless steel appliances, a washer/dryer, flat screen TV and hardwood floors.
The luxury off-campus housing competition is heating up and as such the amenities just keep getting better. Landmark Apartments offers yoga and spin rooms, outdoor cooking areas and media rooms.
"CaVentures is actually putting a ski and snowboard simulator into one of its newest properties at, where else? Colorado State University," Olick added.
This fall it is expected that 48,000 new beds will come to the market in privately owned student housing properties.