Expansion in Mind, Colleges Snap Up Real Estate in Buyers' Markets

Colleges Snap Up Real Estate in Buyers' Markets 1

Perfect Perspectives Aerial.com, Courtesy U. of Dayton

The University of Dayton purchased the former headquarters of NCR in December.

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close Colleges Snap Up Real Estate in Buyers' Markets 1

Perfect Perspectives Aerial.com, Courtesy U. of Dayton

The University of Dayton purchased the former headquarters of NCR in December.

The credit crisis and the collapse of the real-estate market have been lousy for homeowners and for those who make their living from land or buildings. But for a number of colleges, it has created what one real-estate official calls "once in a generation" opportunities.

In some cases, the changes in the market could also signal important shifts in the economic lives of the colleges' regions. Several major deals in the past year have involved the sale of vacant