UNCG Recommends Student Housing Lease With FREX LeaseCo
University Of North Carolina At GreensboroHigher Ed · Greensboro, NC- Disclosed value
- First-year rent estimated not to exceed $1,055,748 for 100 beds; annual rate not to exceed $10,557.48 per bed ($879.79 per bed per month for 12 months); optional May turnover not to exceed $1,000 per unit
- From staffreport
- Document date
- Nov 8, 2026
The 30-second brief
UNCG staff recommended a one-year full-service student housing lease with FREX LeaseCo Series II LLC for University Village during the 2027–28 academic year. The proposed lease covers 100 beds at up to $1,055,748 for the first year, with four one-year renewal options and annual increases capped at 3%.
Frex Leaseco Series Ii LLC holds this facilities contract with University Of North Carolina At Greensboro.
Term as filed: One year for the 2027–28 academic year, with four one-year renewal options; annual escalations not to exceed 3%.
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Contract details
- Contract type
- Facilities
- Amount
- First-year rent estimated not to exceed $1,055,748 for 100 beds; annual rate not to exceed $10,557.48 per bed ($879.79 per bed per month for 12 months); optional May turnover not to exceed $1,000 per unit
- Document date
- November 8, 2026
- Term
- One year for the 2027–28 academic year, with four one-year renewal options; annual escalations not to exceed 3%
- Source document
- University of North Carolina at Greensboro StaffReport Request for Approval of Off-Campus Student Housing Lease Acquisition 2026-11-10 (StaffReport)
Frex Leaseco Series Ii LLC's other public contracts
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Questions about this contract
Who was awarded the facilities contract by University Of North Carolina At Greensboro?
Frex Leaseco Series Ii LLC was awarded this facilities contract by University Of North Carolina At Greensboro, as recorded on November 8, 2026. The contract value is First-year rent estimated not to exceed $1,055,748 for 100 beds; annual rate not to exceed $10,557.48 per bed ($879.79 per bed per month for 12 months); optional May turnover not to exceed $1,000 per unit.
How much is the Frex Leaseco Series Ii LLC contract with University Of North Carolina At Greensboro worth?
The Frex Leaseco Series Ii LLC contract with University Of North Carolina At Greensboro is valued at First-year rent estimated not to exceed $1,055,748 for 100 beds; annual rate not to exceed $10,557.48 per bed ($879.79 per bed per month for 12 months); optional May turnover not to exceed $1,000 per unit, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a staffreport record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in University of North Carolina at Greensboro StaffReport Request for Approval of Off-Campus Student Housing Lease Acquisition 2026-11-10 (StaffReport), dated November 8, 2026 from University Of North Carolina At Greensboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Frex Leaseco Series Ii LLC hold?
Frex Leaseco Series Ii LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is University Of North Carolina At Greensboro currently buying?
Explore University Of North Carolina At Greensboro's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
