Investing in Our Higher Education Partners
Our approach allows you to maintain ownership of your assets and receive residual cash flows, while offloading operations. We tailor our services and solutions to meet your future needs, as well as your immediate ones.
Our services include:
- Housing development, including design, construction, and renovation of new and existing facilities (residence halls, campus hotels, community centers, and graduate housing)
- Energy management solutions, including reviewing campus utility billing rates for cost-saving opportunities
- Property management
- Customized financing solutions that keep student housing affordable while achieving the project scope
- Creation of a reinvestment reserve to fund future renovations and unforeseen expenses
Modernizing University Campuses
The Challenge
Aging infrastructure and limited funding are pressing issues for higher education institutions. Over 60% of campuses have facilities that are more than 25 years old, with deferred maintenance costs averaging $100 per gross square foot. At the same time, universities must attract students to live on campus—despite outdated housing and no available capital for improvements.
Our Solution
Corvias provides a sustainable financial model that unlocks funding for campus improvements—without adding new debt to the institution. Our approach includes non-recourse, off-balance sheet financing that can positively impact credit ratings while supporting both short- and long-term growth.
Case Study: Wayne State University
Corvias partnered with Wayne State University to address two major challenges:
- Defeasing $102 million in existing debt
- Resolving $38 million in deferred maintenance
Through an innovative off-balance sheet transaction, Corvias delivered $151 million in new residential construction, enabling Wayne State to modernize its housing infrastructure without burdening its balance sheet. This strategic reinvestment freed up capital for other critical university priorities, demonstrating the power of partnership-driven campus transformation.
Learn how our partnership with Wayne State University improved the student experience
LIVE LEARN COMMUNITIES
Corvias partners with universities to create vibrant, student-focused communities that support academic success. As a full-service housing provider, we’re committed to delivering comfortable, connected living spaces that students are proud to call home.
Corvias partners with universities to create vibrant, student-focused communities that support academic success. As a full-service housing provider, we’re committed to delivering comfortable, connected living spaces that students are proud to call home.
Creating Value
We challenge ourselves to add value to each partnership through continual reinvestment in existing student housing and facilities.
Other benefits to our approach include:
- Innovative funding sources, tailored to each project, to address needs and additional programs
- Close management of revenue and expenses
- Control remains in your hands for key decisions about students and your physical assets through our joint governance approach, while you offload operations management
- Enhanced marketability of the asset for the future
- Subcontracting to small and minority-owned businesses for greater community investment
- See how we’re creating value for our higher education partners
We look forward to our continued partnership to provide affordable housing options for students and manage existing facilities, so they remain modern and well-maintained for years to come.