Six student housing projects are owned and operated by the UB Foundation through its affiliate, the UBF Faculty Student Housing Corp. Each project was financed and constructed with tax-exempt bond proceeds. Five of the housing complexes are located on the University at Buffalo’s North Campus and one is located adjacent to this campus. First-fill provisions have allowed the complexes to operate with historic occupancy rates near 100%. The UBF Faculty Student Housing Corp. has a management agreement with the University for the operation and maintenance of the properties. Some of the specifics of the student housing projects are as follows:
- Flickinger Court – Opened in 1998 and provides housing to graduate students. The complex consists of 230 student beds on 11.5 acres.
- Hadley Village – Opened in 1999 and provides housing to upper classmen. Hadley Village is a 622 bed apartment-style complex built on 10.9 acres.
- South Lake Village – Opened in 2000 and provides housing to upper classmen. South Lake Village is a 552 bed apartment-style complex built on 13.7 acres.
- Flint Village – Opened in 2001 and provides housing to upper classmen. Flint Village is a 536 bed apartment-style complex built on 19.9 acres.
- Creekside Village – Opened in 2002 and provides housing to upper classmen. Creekside Village is a 232 bed apartment-style complex built on 12.3 acres.
- Greiner Hall – Opened in 2011 and provides housing to sophomores. Greiner Hall is a 598 bed suite-style complex built on 13.5 acres.
A technology incubator facility is owned and operated by University at Buffalo Foundation Incubator, Inc. The incubator facility is located adjacent to the University at Buffalo North Campus. The purpose of the facility is to identify and aid start-up businesses and induce such businesses to occupy the incubator facility with the purpose of increasing employment, stimulating economic development and increasing the interaction between the State University of New York at Buffalo and such start-up businesses.
Parcel B is a 15.7 acre piece of property located on the University at Buffalo’s North Campus. The parcel has been leased by UB Foundation affiliate UBF Corp. from the University at Buffalo for the purpose of real estate development. The campus bookstore and a commercial retail development known as The Commons are located on Parcel B.
A variety of off-campus real estate s owned and operated by UB Foundation affiliate FNUB, Inc. for the benefit of the University at Buffalo. This real estate includes:
- The Jacobs Executive Development Center, which is an office building located in downtown Buffalo
- Anderson Gallery, which is a functioning art gallery
- UB Downtown Gateway, which is a five-story office building located in downtown Buffalo
- Washington Street, which most recently housed the University at Buffalo Educational Opportunity Center
- The UB President’s residence
- Vacant land related to a charitable gift annuity
FNUB, Inc. will also play an important role in the acquisition of land for the downtown Buffalo Medical Corridor.