Student Housing Business

MAY-JUN 2018

Student Housing Business is the voice of the student housing industry.

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Page 22 of 88

CAMPUS UPDATE May/June 2018 22 Advertise in STUDENT HOUSING BUSINESS ® Rich Kelley | 914-468-0818 Contact University System of Georgia UNIVERSITY SYSTEM OF GEORGIA SEEKS PROPOSALS TO EXPAND P3 STUDENT HOUSING PROGRAM Atlanta — The University System of Georgia has released a request for qualified concessionaires (RFQC) for a student housing public-private partnership for seven University System of Georgia institutions. The RFQC seeks a private development firm to design, build, finance, oper- ate and maintain approximately 12,064 beds at five institutions, of which approximately 1,376 would be new or renovated beds. In addition, the concessionaire would be responsible for operating and maintain- ing approximately 3,270 existing beds for three of the institutions in the RFQC. The participating institutions and campuses in the current RFQC include Albany State University in Albany; Georgia Southwestern State University in Americus; Gordon State College in Barnesville; Middle Georgia State University in Macon, Cochran and Eastman; Savannah State University in Savannah; University of West Georgia in Carrollton; and Valdosta State University in Valdosta. Responses to the RFQC were due June 1, 2018. Orange Coast College SERVITAS, ORANGE COAST COLLEGE TO DEVELOP 811-BED ON-CAMPUS PROJECT Costa Mesa, Calif. — Servitas and Orange Coast College have announced plans for an 811-bed student housing community on the college's campus in Costa Mesa. The project site is on campus land structured as a ground lease to a not-for-profit organization, allowing for tax-exempt debt financ- ing with no recourse to the college, district or taxpayers. The design-build team includes HPI Architecture, MVE Architects and construction firm C.W. Driver. George K. Baum & Company provided the bond underwrit- ing, and The Scion Group will manage the project in close collaboration with the college. "This project will benefit Orange Coast College in more than one way," says Matt Myllykangas, senior vice president of Servitas. "Not only will the college be able to provide its students with on-campus housing for the first time, but it will also enhance the student experience overall. This residence hall will add to the college's sense of community. Servitas is thrilled to be part of this exciting time for OCC, and looks for- ward to seeing how this project impacts the college and its students in the years to come." A timeline for the development has yet to be announced. Duquesne University DUQUESNE UNIVERSITY, RADNOR PROPERTY GROUP, HARRISON STREET TO REDEVELOP 660-BED RESIDENCE HALL Pittsburgh — Duquesne University has finalized the sale of Brottier Hall, an apartment-style residence hall located on the university's campus in Pittsburgh, to Radnor Property Group and Harrison Street Real Estate Capital. The sale includes an agreement to modernize and renovate the 660-bed property. Duquesne's office of residence life will continue to provide resident services, programming and student oversight within the building, in addition to managing room selection and assignment. Renovations will take place over four summers, beginning in 2018. Unit upgrades will include new flooring and finishes; bathroom plumbing and electrical fixtures; vanities and bathtubs; kitchen cabinets, counter tops and appliances; and new windows throughout the building, among other improvements. Capstone On-Campus Management will manage building operations. Radnor will undertake development management responsibilities and, along with Harrison Street, will provide equity capi- tal for the venture.

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