Because each college and university need a tailored approach, Corvias has delivered design, build, finance, operations, maintenance and residence life programs for all types of student populations. From freshman women to graduate medical students. The Corvias approach also allows each institution to maintain ownership of their assets and receive 100 percent of all residual cash flows. In short, at Corvias we take the work we do personally because we're engaged citizens and community members with a vision for a better tomorrow.
In my 30 years of working with campuses, I have witnessed many proposals come and go that bring third-party funding to support campus operations and to strengthen balance sheets. From "shared savings" to performance contracting, third-party housing to selling power plants. Many have had some success. Some have failed due to poor alliance of campus and vendor interests. But, nearly all, due to their narrow focus on short-term issues, have not had a meaningful impact for the campus. The Corvias Approach is different. It is a broader more holistic approach that forges a meaningful partnership for the campus housing assets between the university and Corvias. I believe their model is strong. Their demonstrated success with housing is impressive. If the campus needs to release value and monetize its housing assets, understanding Corvias' approach is worthwhile to evaluate as part of a long-term capital asset management strategy.
David A. Kadamus, Former President and CEO Sightlines