UDC Renews 3003 Van Ness Student Housing Leases
University Of The District Of ColumbiaHigher Ed · Washington, DC- Disclosed value
- Approximately $853,000 annual projected cost for FY 2020; base rental rate $2,515/month per unit for 26 units (projected $784,680 rent)
- From resolution
- Document date
- Jun 4, 2019
The 30-second brief
The University of the District of Columbia Board of Trustees approved renewal of leases for 26 student housing units at 3003 Van Ness Street with Equity Residential Management, LLC, covering FY 2020 at an estimated annual program cost of $853,000. The leases, renewed with a 2.2% rate increase, provide housing for student athletes, DC UP students, and the general student population and require a university subsidy of $489,660.
Equity Residential Management LLC holds this facilities contract with University Of The District Of Columbia. Its other public contracts on record include work for University Of The District Of Columbia-David A Clarke School Of Law.
Term as filed: Unit-specific terms ranging from July 15, 2019 – October 26, 2020, with most leases running approximately 12 months as detailed in Appendix A.
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Contract details
- Contract type
- Facilities
- Amount
- Approximately $853,000 annual projected cost for FY 2020; base rental rate $2,515/month per unit for 26 units (projected $784,680 rent)
- Document date
- June 4, 2019
- Term
- Unit-specific terms ranging from July 15, 2019 – October 26, 2020, with most leases running approximately 12 months as detailed in Appendix A
- Source document
- university-of-the-district-of-columbia-resolution-2019-06-04_bd0.pdf (Resolution)
Equity Residential Management LLC's other public contracts
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Questions about this contract
Who was awarded the facilities contract by University Of The District Of Columbia?
Equity Residential Management LLC was awarded this facilities contract by University Of The District Of Columbia, as recorded on June 4, 2019. The contract value is Approximately $853,000 annual projected cost for FY 2020; base rental rate $2,515/month per unit for 26 units (projected $784,680 rent).
How much is the Equity Residential Management LLC contract with University Of The District Of Columbia worth?
The Equity Residential Management LLC contract with University Of The District Of Columbia is valued at Approximately $853,000 annual projected cost for FY 2020; base rental rate $2,515/month per unit for 26 units (projected $784,680 rent), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a resolution record.
Where was this contract approved?
This contract appears in university-of-the-district-of-columbia-resolution-2019-06-04_bd0.pdf (Resolution), dated June 4, 2019 from University Of The District Of Columbia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Equity Residential Management LLC hold?
Equity Residential Management 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 The District Of Columbia currently buying?
Explore University Of The District Of Columbia's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.