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Howard University unveils $144 million deal for new residence halls Posted on 02-01-2017

Hawthorne, CA
Howard University has entered a $144 million partnership with Rhode Island-based real estate group Corvias in a deal that will pay for the renovations of two of the Northwest D.C. university's largest residence halls.

Corvias raised funds from investors that will go toward the renovation of Howard's Plaza Towers, as well as the ongoing maintenance of Drew and Cook residence halls. The funding will also cover some of Howard's debt and transaction costs and create a reserve for future capital expenses, officials said.

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