UNIVERSITY OF LOUISVILLE HIRES SCION FOR BUSINESS PLANNING AND STUDENT HOUSING ADVISORY SERVICES

LOUISVILLE, KY. The University of Louisville has selected The Scion Group to prepare a financial analysis of its existing student housing operations and to participate in negotiations with potential developers of new University-affiliated student housing.

Scion’s work will include participating in the evaluation of responses to the University’s request for proposals and to recommend affiliation terms and transaction structures in subsequent negotiations with developers. Scion’s review and analysis of proposals will address matters such as risk, control, return to the University and length of affiliation, as well as the viability of specific development opportunities as University-affiliated student housing. “In Scion we have identified an experienced advisor who understands student housing through the prism of both the business of real estate and the mission and goals of higher education,” said Shannon D. Staten, Director of Housing and Residence Life. “We look forward to working with them as our advisor and partner.”

The University of Louisville is a state-supported research university. Established in 1798, it was a municipally-supported public institution prior to joining the Kentucky state university system in 1970. The University has three campuses and enrolls nearly 22,000 students.

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