COCM Expands Portfolio with Addition of Lafayette College
Selected to serve as manager of the McCartney Street Project, a new Public-Private-Partnership
BIRMINGHAM, ALABAMA (PRWEB) MAY 24, 2019
Capstone On-Campus Management (“COCM”) is pleased to announce its recent selection to serve as manager of the McCartney Street Project, a new Public-Private-Partnership (“P3”) development consisting of a 165-bed on-campus student housing community for students of Lafayette College in Easton, Pennsylvania.
This selection is the result of a larger partnership between Lafayette College, Radnor Property Group (“Radnor”), and Harrison Street to build a P3 mixed-use residential community to help achieve Lafayette’s strategic institutional goals.
Located on McCartney Street, between March and High Streets, the new residential community will offer a combination of 3- and 4-bedroom suites with kitchenettes and 2-bedroom semi-suites, all with in-unit private or semi-private bathrooms along with amenities including lounges, study rooms and outdoor spaces. The community also includes retail space, a full-service diner, an expanded college and community bookstore and patio seating on the street level. The new community is scheduled for completion in fall 2020.
David Yeager, Managing Partner and Founder of Radnor, said “Radnor is thrilled to advance our relationship with Lafayette with our second partnership together to address growing campus needs. Together with COCM and Harrison Street our goal is to cultivate long term relationships from ground breaking through operations with highly regarded institutions of learning like Lafayette.”
Radnor and Harrison Street have engaged COCM to manage the new McCartney Street Project under a Shared Governance arrangement with Lafayette College. Shared governance is a collaborative approach to sharing roles and responsibilities that COCM introduced many years ago, and which has since become an industry standard.
Alton Irwin, Chief Marketing Officer for COCM, said, “McCartney Street Project is COCM’s second P3 student housing project with Radnor and our sixth with Harrison Street. We appreciate the trust both they and the College have placed in COCM and look forward to our mutual success in serving the Lafayette students.”
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COCM is a company of talented student housing professionals focused on providing management and consulting services for on-campus housing communities. Their student housing professionals focus on helping their partners leverage campus housing to do greater things: recruit and retain students as well as enhance student success and satisfaction. Based in Birmingham, AL, they were recently recognized as the leading provider of on-campus, third-party management services by Student Housing Business magazine. The Lafayette partnership increases COCM’s current portfolio to reflect serving 35,601 students at 40 campuses across the United States. For more information, visit www.cocm.com.
About Radnor Property Group
Radnor Property Group of Wayne, PA is a leading real estate development company which specializes in mixed-use urban development projects in Educational and Medical corridors, involving non‐profit institutions in public‐private partnerships. Over the past 10 years, Radnor has undertaken development projects involving 25 institutions of higher education. For more information, please visit www.radnorproperty.com.
About Harrison Street
Harrison Street is one of the leading investment management firm exclusively focused on alternative real assets. The firm has created a series of differentiated investment solutions focused on the Education, Healthcare and Storage sectors. Headquartered in Chicago with an office in London, the firm has more than 140 employees and approximately $18.3 billion in assets under management. Clients of the firm include a global institutional investor base from over 11 countries. For more information, please visit www.harrisonst.com.
Leigh Anne Gilbert
COCM (Capstone On-Campus Management)
205.414.6462 (office), 205.240.3378 (cell)