Rowan University Portfolio

Glassboro, NJ

$182 million transaction

Rowan University was occupying a portfolio of three properties, comprised of two apartment complexes and a bookstore, which were each individually leased to the University and all of which had escalating annual purchase options.

Municipal Acquisitions purchased the portfolio and structured a new lease with the University which offered compelling benefits that the University did not have under the previous leases: an option to purchase all the properties at declining annual prices and the ability to implement operating expense savings measures.