The University of Toronto has purchased a 20% ownership stake in the privately-owned CampusOne residence near its St George campus. With this stake, the university will be able to place students directly in the building, influence residence programming and support services, and influence building policies and procedures. “Not only will this acquisition allow U of T to better meet its first-year residence guarantee for fall 2024 in a residence directly adjacent to campus, it does so without the long lead time required to build a new residence – and without the costs and resources that entails,” said U of T VP, Operations and Real Estate Partnerships Scott Mabury. The arrangement adds 890 beds to the university’s student housing.
