Carter’s John Jokerst Quoted in Building Design + Construction Magazine

Although university enrollments and student housing demands continue to rise at significant levels, funding for new housing projects has been on the decline. The January issue of Building Design + Construction magazine explores several student housing trends, including how universities are obtaining financing for new projects.

One of the trends mentioned in the article is the unique ways universities are funding new developments.  “Student-housing projects are being funded, both on and off campus, by the revenues that they generate, whether through tax-exempt foundations or private developers,” John Jokerst, senior vice president of development at Carter, told Building Design + Construction.

Carter is currently working on Highland Square, a new 753-bed student housing community located in Oxford, Miss., adjacent to the University of Mississippi. Groundbreaking for the $40 million project took place last September. To check out our previous blog about the project, click here.

Additionally, in the fall of 2012, Carter completed a $100 million student housing project at the University of Louisiana at Lafayette (pictured). Carter built four new residence halls, renovated two existing halls, and added an additional 850 parking spaces.  Read more about the project here.

View the full Building Design + Construction article on their website here.

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