Strayer Plans Expansion Beyond Mid-Atlantic Region

NEWINGTON, VA-Strayer Education moves ahead with plans for a nationwide presence with the announcement that it will expand its Strayer University campuses into North Carolina and other states over the next three years. The universities, which offer business and information technology-oriented graduate and undergraduate degrees, are spread between 17 locations in Washington, DC, Virginia and Maryland. Commercial real estate services firm Cushman and Wakefield is handling the organization’s expansion project. Strayer Education President and CEO Robert Silberman says Cushman’s industry experience will play an essential role as Strayer officials “optimize and refine our existing real estate portfolio and expand into new markets.” The company has applied with the state of North Carolina for permission to open schools there, and upon approval, will go forward with opening anywhere from 1 to 3 campuses during fiscal year 2002. Silberman was unavailable for comment on the expected costs of establishing the new sites.Strayer Executive director in Cushman’s DC office Louis G. Christopher notes in a statement that “Strayer’s planned expansion will be well received by potential landlords who will happily compete for Strayer’s Credit.” The educational company opened three new campuses this year in the Mid-Atlantic region and serves more than 14,000 students between the 17 locations. It is expected that Strayer Education will garner over $110 million in tuition for 2001 — a feat that will give the educational organization the title of the country’s second-largest for-profit university company.