Analyzing the private development model for university real estate development
Name
608050653-MIT.pdf
Description
Full printable version
Size
11.52 MB
Format
Adobe PDF
Checksum (MD5)
7824df9a6f9e0a6e9e07825e6d95e66e
Author(s)
Gerrity, James F., IV (James Francis)
Advisor(s)
Dennis Frenchman.
Date Issued
2009
Publisher
Massachusetts Institute of Technology
Abstract
Universities within the Unites States have long been active in the real estate development market surrounding their respective campuses. However, beginning with the baby boom in the late 1950s, colleges have begun expanding their campuses at ever increasing rates to account for the influx of new students. In order to accommodate this increased need for campus expansion, universities have begun to look increasingly to private development firms as a means to facilitate the development of university real estate product. As these development partnerships between the institution and the private sector become more widespread, in what ways can private firms provide a benefit to the university by building facilities that utilize private market efficiencies of design and construction. The question will be answered by studying three cases of university - private sector development: Harvard University, The University of Pennsylvania, and the Massachusetts Institute of Technology. By focusing on two types of real estate product in particular, student housing and laboratory space, the case studies will compare product developed privately for each university to product developed by the university's internal facilities department. Financial, construction, and design metrics of privately and university developed products will be compared and contrasted to determine where and how private, market influence might provide the university with an advantage in developing real estate.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate , 2009.
Cataloged from PDF version of thesis.
Includes bibliographical references (p. 86-87).
Subjects
Center for Real Estate. Program in Real Estate Development.
MIT Department
Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.
Massachusetts Institute of Technology. Center for Real Estate
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