The consortium consists of education leaders and finance experts to assist universities with real estate monetization strategies. It formed last year, Jackman tells GlobeSt.com for obvious reasons. "Universities have suffered just as any business in the recession. Enrollments are down, endowments are down. Increasingly, they are considering turning to real estate to fill gaps in the budget." Unlike other industries, though, higher education does not have that much experience in monetization its real estate.
GlobeSt.com: First, let's define what we mean by monetization.
Jackman: Bringing value and capital to the university for a piece of real estate. How that transaction looks, though, will be different from case to case. It could be sale leaseback, or bond financing, or a decision to dispose of a building or student dorm and turn it over to a buyer or management company.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
