Rowan University Portfolio
Glassboro, NJ
$182 million transaction
Opportunity
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.
Results
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.