2 Days
Source:
The Boston Globe
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Public universities seek private equity for dorms
The University of Massachusetts plans to modernize its dormitories through a partnership with American Campus Communities, a private student housing developer owned by Blackstone. The initiative aims to upgrade and expand student housing without increasing on-campus capacity, using private funding and long-term leases. This approach reflects a broader trend among universities to collaborate with private companies to address housing shortages amid budget constraints.
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