The founders of SFP have advised or planned projects totaling more than 160,000 beds of on- and off-campus housing at 65+ colleges and universities nationwide. Those projects include more than $1B of Public-private Partnership (“P3”) transactions ranging from $10M to $300M.

Among the many benefits of our unique partnership structure:

• All annual excess cash flow – after operating expenses, debt service, and reserves – is available for distribution to our institutional partners or for investment in residential facilities.
• SFP provides access to the tax-exempt bond market, resulting in a lower cost of capital than private debt and equity.
• Project-specific debt is often non-recourse to the institution and considered off-balance sheet. Subject to transaction-specific provisions, projects are typically considered credit-neutral or credit-positive to the institution upon stabilization.
• Institutions can continue to provide “student-facing” services, such as marketing, assignments, and residence life programming, while SFP is responsible for property and asset management.
• As a nonprofit, SFP is usually exempt from ad-valorem real estate taxes. These savings are passed along to students through reduced rental rates.
• The asset reverts to the institution at the conclusion of the partnership (typically spanning 35-50 years) for a nominal fee.