Master Lease for Student Housing

Texas Southern University (TSU) is seeking sealed proposals to establish a contract for a Master Lease for Student Housing at the university. TSU is looking for building owners with proven experience and knowledge in student housing to enter into a short-term master lease to provide approximately 1,500 student housing beds within a 5-mile radius of the TSU campus. The initial lease term will be for two years with options to renew annually. Proposals must include details on the respondent's property management approach, organizational qualifications and experience, and a comprehensive pricing structure covering per-unit rent, common area maintenance, utilities, and other facility costs. TSU will evaluate proposals based on various criteria, with cost being the highest weighted factor at 35%. Proposals are due by 11:00 a.m. Central Time on October 24, 2024, and the university will not hold a pre-proposal meeting.

TSU has determined that subcontracting opportunities are probable, so respondents must submit a Historically Underutilized Business (HUB) Subcontracting Plan as part of their proposal, with a minimum 22% HUB participation goal. The university reserves the right to award the contract to one or multiple respondents. While details on incumbent contractors or budget ranges are not provided, the information indicates that TSU is seeking to establish a flexible, collaborative arrangement to meet the student housing needs of the university's student body.