Press Release (ePRNews.com) - Washington, DC - Jan 30, 2017 - Howard University President Wayne A. I. Frederick and Corvias Founder and CEO John Picerne will hold a media briefing Tuesday, January 31, 2017 at Howard University to announce an innovative partnership.
Who: Howard University President, Wayne A. I. Frederick and Corvias Founder and CEO, John Picerne. Corvias is a Rhode Island-based company that is a pioneer in sustainable, long-term partnership solutions to enhance student housing.
What: Howard University and Corvias will announce an innovative new strategic partnership to renovate two of the University’s residence halls, the East and West Towers of Plaza Towers at 2251 Sherman Ave., N.W.
The partnership is a concession structure. Corvias has raised $144 million in investments for the project, which will be used to provide $71 million in construction, management, and maintenance of the Plaza Towers. Howard retains full decision-making authority over the project.
Through the partnership, students will benefit from having an up-to-date residence facility, and the University will have the opportunity to reinvest upfront cash flow in ways that best serve its community.
Where : Howard University
Interdisciplinary Research Building
2201 Georgia Avenue, Northwest
Washington, DC 20001
When: Tuesday, January 31, 2017, at 10 a.m. EST
Founded in 1867, Howard University is a private, research university that is comprised of 13 schools and colleges. Students pursue studies in more than 120 areas leading to undergraduate, graduate and professional degrees. The University operates with a commitment to Excellence in Truth and Service and has produced four Rhodes Scholars, nine Truman Scholars, two Marshall Scholars, one Schwarzman Scholar, over 60 Fulbright Scholars and 22 Pickering Fellows. Howard also produces more on-campus African-American Ph.D. recipients than any other university in the United States. For more information on Howard University, please visit www.howard.edu.
As a privately-owned company headquartered in East Greenwich, R.I., Corvias partners with higher education and government institutions nationwide to solve their most essential systemic problems and create long-term, sustainable value through our unique approach to partnership. We pursue the kinds of partnerships that materially and sustainably improve the quality of life for the people who call our communities home, purposefully choosing to partner with organizations who share our values and whose mission is to serve as the foundational blocks, or pillars, of our nation. To learn more, please visit: www.corvias.com
Contact: Anthony D. Owens Source :
Assistant Director, Media Relations