Enhance The Student Experience

A Partnership Concession Model provides for a better student experience. You maintain control of pricing, policies, student safety, and student-facing services. A partner-funded reserve account allows for renovations and revitalization of program assets.

 

  Corvias Others
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Control

School maintains ownership and control; Collaborative governance structure with Institution Limited School control given to financing entity
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Solution

Institution Program-driven, holistic long-term sustainable, and flexible solution for campus and greater community Project-driven, only addresses housing
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Alignment of Interests

Long-term program with students and campus as priority Short-term transactional approach
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Financial Solution

Flexible, created for School Program Rigid, driven by IRR for project
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Cash Flow

100% to School for entire partnership 0% to School until IRR of the project is satisfied
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Excess
Cash Flow

Reinvestment Reserve for long-term Development Program Distributed to Developer
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Transparency

Open book process for finance, design, and construction Closed book
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Community Commitment & Investment

Long-term and integral to program solution; Utilize local industry experts Short-term and limited to project transaction
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Termination

Limited penalty; No payment due to Corvias if terminated for cause Significant financial penalty

Partner-funded reserve account ensures buildings are maintained throughout the life of the partnership

Facilities are returned in like-new condition. The reserve account allows for life cycle improvements, major upgrades, and unforeseen expenses. It also allows partners to renovate facilities many times throughout the life of the partnership.

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