The University of Toronto recently shared how its Build More Housing Initiative is changing student housing through a joint venture partnership model. Under this initiative, the university partners with builders, with whom it shares capital and risk, to create new residence spaces on and near its three campuses. The university also retains a share of ongoing revenue from the buildings. Most recently, U of T’s Governing Council approved two new construction projects under the initiative that will add more than 1,200 beds to the St George campus. “Right now, it costs the university approximately $300K per bed to build new student housing,” explained U of T Presidential Adviser on Real Estate Scott Mabury. “This new partnership approach will cut that cost dramatically.”