Colleges and Developers Find Common Ground to Build Student Housing

Colleges and Developers Find Common Ground to Build Student Housing 1

Steven St. John for The Chronicle

Casas del Rio is the second student-housing project at the U. of New Mexico at Albuquerque to be built by American Campus Communities, a private company that will also run residential programs there.

At many colleges across the country, enrollment numbers are strong, buildings are outdated, and money is tight. That might be bad news for the institutions, but it's good news for people like Bruce McKee.

Mr. McKee is a principal at Capstone Development Partners, a major player in a growing business: forming partnerships with colleges and universities to build student housing. "I see institutions that five years ago or even three years ago wouldn't have considered public-private