Real Estate Distress on College Campuses: Case Study on Liquidity through Public Private Partnerships and Portfolio Right-Sizing
Name
maroti-dmaroti-msred-cre-2021-thesis.pdf
Description
Thesis PDF
Size
1.82 MB
Format
Adobe PDF
Checksum (MD5)
f584d83848da44275fa0a40fc346899b
Author(s)
Maroti, David
Advisor(s)
Geltner, David
Date Issued
June 2021
Publisher
Massachusetts Institute of Technology
Abstract
The impact of COVID-19 will have a long-run effect on our institutions and academic facilities. How universities adjust their portfolios of real estate assets is a major determinant of their longterm success. This thesis seeks to establish an overview of the financial distress faced by colleges and universities in light of the pandemic, and a review of the hardest hit universities. In light of expected closures in the near future, this thesis uses the potential acquisition of a campus closure in the Philadelphia CBD market as a feasibility test to an investment thesis on forced seller distress.
MIT Department
Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.
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