Group 1 - The core issue driving universities to purchase existing residential properties is the acute shortage of student accommodation, with examples like Hubei University experiencing a surge in student numbers from 6,000 to 7,500 while only having 6,000 beds available [1] - Hubei University spent nearly 200 million to acquire 352 apartments, increasing student bed capacity by 2,800, demonstrating a rapid solution to the accommodation crisis [1] - The purchase of existing properties allows universities to bypass lengthy construction processes, providing immediate housing solutions for students [1] Group 2 - In addition to purchasing, universities like Zhejiang University and China University of Political Science and Law are opting to rent existing properties, with Zhejiang University allocating 24.5 million for at least 3,000 beds [2] - This strategy of acquiring or renting existing properties is seen as a win-win, addressing the bed shortage while also revitalizing the real estate market [2] - Key challenges include ensuring proximity to campus, cost-effectiveness of converted accommodations, and incorporating student feedback into the decision-making process [2] Group 3 - The "14th Five-Year Plan" emphasizes the need to activate idle real estate, with the Ministry of Commerce supporting the conversion of properties for various uses, including student housing [3] - Collaboration between local governments and universities is essential to identify suitable locations and streamline approval processes for these initiatives [3] - The approach of transforming existing properties into student accommodations is both a temporary measure and an innovative strategy, benefiting students and helping to alleviate urban housing inventory issues [3]