One University Place
A financing structure designed to support the Jackson State University Development Foundation.
Project overview
P3 structured an announced sale-leaseback proposal for One University Place to address existing financing and support the foundation’s institutional goals. The March 2021 record documents a term sheet, rather than proof of financial closing or realized savings.
A long-term capital structure
On March 30, 2021, Jackson State University Development Foundation executed a term sheet with P3 for a $6.4 million sale-leaseback structure for One University Place. The announced approach used a tax-exempt lease-purchase agreement.
Institutional real estate, reconsidered
The purpose was to replace short-term bank financing with longer-term financing and support the foundation’s financial goals. The image published with the March 2021 announcement presents One University Place and its urban setting.
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Structured the announced sale-leaseback proposal; this record does not establish P3 as the building’s architect, contractor, or current owner. For a new opportunity, scope, responsibilities, capital terms, and approvals are established for the individual project.
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