As school systems across the United States consider public-private partnerships to solve their vision with limited funding, partnership development expert Geoff Eisenacher of Corvias provided leadership guidance and market analysis at the Carolinas Annual Student Housing Forum. With a focus on North Carolina, South Carolina, Tennessee, Kentucky, Virginia and Georgia markets, the forum was hosted at North Carolina State University and brought together leading public and private sector executives with commercial real estate and academic housing leaders.
Eisenacher, a Vice President of Partnership Development with Corvias, shared expertise about P3s between academic institutions and third-party developers, including:
- North Carolina’s P3 landscape and how the use of strategic P3s in the Carolinas and Mid-Atlantic is catching up with other states and regions;
- The schedule and process by which schools prepare and evaluate the use and implementation of P3s;
- The various priorities and objectives an institution must consider when embarking on a P3; and,
- How P3s have evolved beyond student housing and now include parking, retail, academic space, athletic facilities, and utilities.
“With more than a dozen university partnerships, Corvias is in a unique position to talk about what works and why,” said Eisenacher. “We customize each P3 to the school’s needs and performance metrics, and because we invest and finance, we can expedite delivery of improvements, added capacity and stable long-term operations sooner than other methods. Our partnerships are tools for value creation and financial sustainability, which provide significant benefits.”
Corvias designs, builds, finances, operates, maintains and manages residence life programs for all types of student populations and currently partners with 14 higher education institutions across the country.
Corvias partnerships are tailored to each individual institution, and the Corvias approach allows institutions to maintain ownership of their assets and receive 100% of all residual cash flows. The goal of all partnerships is to help drive sustainable change, improving campus operations while also enriching the lives of the thousands of students, professors and other professionals in the academic community.
Capre’s Carolinas Student Housing Forum provided an opportunity for public and private sector executives to provide expert insight, discussion, debate and networking across commercial real estate and academic housing sectors. The event covered on-campus innovations, off-campus revolution, development trends, investment and JV financing, leasing challenges, marketing innovations and technology revolution. More information about the Forum can be found here: https://www.capremedia.com/events/capres-carolinas-annual-student-housing-forum.
As a privately-owned company headquartered in East Greenwich, RI, Corvias partners with higher education and government institutions nationwide to solve their most essential systemic problems and create long-term, sustainable value through our unique approach to partnership. Corvias pursues the kinds of partnerships that materially and sustainably improve the quality of life for the people who call our communities home, purposefully choosing to partner with organizations who share our values and whose mission is to serve as the foundational blocks, or pillars, of our nation. To learn more, please visit: www.corvias.com.
Kelly Douglas, Corvias