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University of North Carolina at Greensboro·North Carolina

Acquisition By Lease - UNC Greensboro - Student Off-Campus Housing

Closes 10/19/2026$150k – $600kRequest for Proposal
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Description

The University of North Carolina at Greensboro is seeking commercial landlords to lease off‑campus student housing that can accommodate 50‑100 students. The lease must provide net usable square footage, fully furnished bedrooms, kitchens, common areas, utilities, internet, parking, and compliance with ADA and local building codes. Lease term runs from August 1 2027 to July 31 2028 with up to four one‑year renewal options. Proposals must be submitted electronically by 4:00 PM ET on October 16 2026. • Required space: enough net usable square footage for 50‑100 students (≈10,000‑20,000 sf). • Preferred configuration: contiguous blocks, low‑rise buildings (< 5 stories), proximity ≤ 2 mi to campus, access to public transit. • Furnishings: bedroom desk, chair, dresser, twin/XL bed, closet, lighting, keyed lock; kitchens with 4‑burner range, refrigerator, seating for 4. • Services included in rent: utilities, water/sewer, cable, high‑speed internet, laundry (in‑unit preferred). • ADA‑compliant units preferred; handicap accessibility required. • Lease rate must be a flat annual fee per square foot (no uncapped CPI increases). • Lessor responsible for maintenance, janitorial, pest control, security, insurance (minimum $1 M liability), fire protection, and all operational costs. • Mandatory post‑submission proposer meeting for leases exceeding $150,000 annual rent. • Submission format: email to Alex Ashton ([email protected]) using specified naming convention; files ≤ 24 MB each.

Attached files

Contact

Alex Ashton(Director of Real Estate)

[email protected]

(336) 334-5056

Key dates

Opened
10/2/2026
Closes
10/19/2026
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
531110
Solicitation №
69-UNCG-2026-001

Budget estimate

$150,000 – $600,000

Based on the required capacity (50‑100 students) and typical Greensboro student housing space of roughly 200 sf per student, the net usable area will be about 10,000‑20,000 sf. Market lease rates for comparable off‑campus housing range from $15 to $30 per square foot per year. Multiplying gives an annual rent estimate of $150,000‑$600,000. Adding utilities, furnishings, and service fees could increase total contract value by 10‑20 %. Therefore, the expected revenue for the successful lessor is roughly $150,000 at the low end to $600,000 at the high end for the initial one‑year term, with additional potential from renewal options.

AI estimate from the solicitation

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