Howard University sought to modernize and transform its campus facilities while maintaining affordability by leveraging underutilized assets across its portfolio utilizing P3 and other alternative financing vehicles to limit balance sheet and credit impacts.
Hayat Brown has served as a trusted advisor to HU since 2015, engaging in over 15 key real estate and utility projects, using the following approach:
Lot 3 Development
Scope: Mixed use development transforming a 3.1-acre parking lot into the National Research Center for Health Disparities and a multifamily building with ground floor retail.
Hospital & Health Sciences Development
Scope: New $650 million, 220-bed Level I trauma center and academic teaching hospital, medical office building and academic centers.
Howard Plaza Towers
Scope: Renovation of 1,753 upperclassmen and graduate apartment-style beds and creation of new living/learning amenities through concession structure.
Bond Bread Redevelopment
Scope: Mixed-use development preserving two historic structures and revitalizing the primary commercial corridor adjacent to campus, totaling 646,000SF at $260M development cost
Hayat Brown serves the unique needs of universities, enabling leaders to tackle the challenge of debt ceilings and budget limitations by unlocking value from excess and underutilized assets. The Hayat Brown team has delivered over 140 P3 transactions on behalf of public sector entities and higher education institutions, including Howard University.