Public and private higher education institutions have explored partnerships with private developers and not-for-profit entities to provide upfront capital, address deferred maintenance, implement capital improvements, and deliver property management services that improve the living-learning experience for students. Recently, universities have turned to the 501(c)(3) ownership and financing structure to recapitalize their on-campus housing stock through defeasing the associated debt and providing unrestricted capital to the university to improve its balance sheet and liquidity. This panel will include case studies and lessons learned from recent projects.