NC A&T to Buy Part of Campus Evolution Villages

Facing a shortage of beds for its growing student population, North Carolina A&T University is planning to buy a portion of Campus Evolution Villages. Here are some details from a Greensboro News & Record article about the deal:

Specifically, A&T expects to purchase nine three-story buildings that can house 360 students. The university has leased these apartments for each of the past two years — and was planning to do so again this fall — because of a shortage of campus housing.

A&T officials declined to disclose a purchase price because the deal is still being negotiated and isn’t expected to close until June…

Like several of A&T’s newer residence halls, the apartment buildings will be owned by the N.C. A&T Real Estate Foundation. One of the roles of the foundation, A&T’s nonprofit charitable arm, is to buy and develop property for the university. The new apartments will be leased to students through the university’s housing office.