Atlanta — Firms were notified Monday to potentially partner in one of the largest P3s currently in play in the country.
Atlanta — The final three candidates for a request for qualified concessionaires (RFQ) to operate and develop a substantial portfolio of on-campus housing at campuses of the University System of Georgia (USG) were notified Monday, June 30. USG is seeking a private partner to acquire and manage a portfolio of 6,195 on-campus beds on nine of its campuses; develop and manage up to 3,000 additional beds on seven campuses; and obtain additional rights to develop on all nine campuses. USG universities in the RFQ include Georgia State University; Armstrong Atlanta State University; Abraham Baldwin Agricultural College; and the University of North Georgia. The RFQ is seen as the largest public-private partnership currently in play in the country. The three finalists as concessionaires to USG are Balfour Beatty Campus Solutions, Corvias Campus Living and EdR (Education Realty Trust).
“Balfour Beatty is honored to be selected as one of the three short-listed
teams, having competed against so many other talented proposers,” says Bob Shepko, division president of Balfour Beatty Campus Solutions. “The Board of Regents of the University System of Georgia should be commended on their industry-leading adaptation of a public-private partnership solution. Our team is excited and committed to advancing the BOR’s vision, and we look forward to the next several months of engagement with the system stakeholders.”
Kurt Ehlers, managing director Corvias Campus Living, said the USG, Board of Regents and individual USG campuses are pioneering a new public-private partnership solution designed to help solve the housing challenges currently facing higher education. “We look forward to working with the BOR to explore the possibility of providing them with the type of innovative, long-term housing solutions that we have been successfully providing to other public sector and military partners for more than 14 years,” he says.
“We are certainly pleased that we were selected as one of the finalist in this first stage of this process,” says Tom Trubiana, EdR’s chief investment officer and executive vice president. “Our team looks forward to reviewing the request for proposal and additional information from the Georgia Board Of Regents. With a deeper understanding of this important housing initiative, we can more thoroughly assess the system’s needs and evaluate how EdR might provide the best solution to meet those needs.”
— Randall Shearin