Financial Pressures in Higher Education Favor Monetizing Non-Core Real Estate Holdings, Advises A&G Co-President
MELVILLE, N.Y., Oct. 13, 2022 /PRNewswire/ -- Colleges and universities can better support their educational mission by being more strategic about their leased and owned real estate, advised the co-president of A&G Real Estate Partners in an Association of Governing Boards (AGB) podcast.
- The podcast host cited inflation and declining enrollments to explain why today's colleges and universities should consider generating much-needed liquidity by assessing their real estate and space needs.
- Both Drinan and Healey shared real-world examples of supporting educational missions by monetizing excess real estate assets.
- For its part, the University of Bridgeport (Connecticut), used real estate sales to fund a strategic turnaround and also reduce its debt load during a downturn in international enrollment.
- A&G, for example, went site-by-site through one Tri-state area university's properties to identify non-core holdings and underutilized real estate.