Small Colleges Risk a Turn to Private Capital to Build Housing

Nicholas Iocco

"Why not use somebody else’s capital?" administrators at Middlebury College asked one another when they decided that their financial position was strong enough to have a developer build a 158-bed townhouse-style residence on the campus. It’s scheduled to open this fall.
February 25, 2016 Premium content for subscribers. Subscribe Today

Like many small, private colleges these days, St. Joseph’s College, in New York, saw the need to build new student housing. Like many small, private colleges these days, it faced two serious challenges to doing so.

St. Joseph’s would probably...

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