Are P3s right for your campus?

As colleges and universities continue to evaluate unique ways to look at the financial interrelation of space, capital and facilities investment on campus, many institutions are looking into the implications of privatizing non-educational facilities. While public-private partnerships, or P3 projects, are not new, the scope of their impact on campuses has dramatically changed, as institutions are now leveraging portfolios of their space to investors instead of just single buildings. The end goal is to monetize these spaces to the benefit of the institution, the investor and end-users (students, faculty and staff).

To make an informed decision about entering into P3 agreements, campus administrators must P3 imageunderstand five core areas:

  • Relevant data
  • Asset valuation
  • Program alignment
  • Transition transparency
  • Management monitoring

These five areas are discussed at length in an article by Sightlines Founder David Kadamus, which appeared in the April 2015 issue of NACUBO’s Business Officer magazine, as part of a larger feature on the dynamics of debt, third-party developers and residential housing. Click here to read the full article.

 

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