The 2020-2021 Report on the P3 Industry

Source: Brailsford and Dunlavey State of the Industry 2021 Report
Source: Brailsford and Dunlavey State of the Industry 2021 Report

Each year Brailsford and Dunlavey releases a report on the industry covering trends of the previous year, including volume of transactions by type and size. While this particular report overview is a look at what the industry saw in 2020, it is with anticipation that we wait to see how 2021 compares. Capstone believes that the P3 higher ed industry is just as resilient as what was observed in the P3 Higher Ed Summit’s key note presentation. 2021 has been an active year and institutions are continuing to procure large multi-use (residential and non-residential) projects as they seek to improve their campuses while recovering financially from revenue losses in 2020. Here’s what the industry saw in 2020:

2019: 26 P3s Reached Financial Close

33% Equity Transactions

58% Tax-Exempt Transactions

2020: 7 P3s Reached Financial Close

14% Equity Transactions

86% Tax-Exempt Transactions

In 2021, the industry is seeing a growing percentage of colleges and universities outsourcing operations and maintenance, as universities focus on their mission of educating.

We encourage you to download Brailsford & Dunlavey’s report on the industry for more information as we continue to watch our industry evolve.  Visit here to download the report.