Traditional Case Study
Balsam & Spruce Residence Halls - University of Massachusetts Dartmouth
In 2020, Greystar completed construction and welcomed the first residents into Balsam and Spruce Residence Halls, new on-campus housing for first-year and transfer students at UMass Dartmouth.
Featuring two main residential buildings connected by a new dining facility, the state-of-the-art project allows the University to decommission four residence halls built in the 1970s. Balsam and Spruce Halls include 12 Engagement Communities designed to house students near their fellow residents with similar academic interests.
Greystar utilized tax-exempt bond financing to fund the project, enabling it to achieve the University’s goals of affordable rental rates, off-balance sheet treatment, and the availability of additional debt capacity for core campus projects.