MassDevelopment Issues $135M Bond for Brandeis U. Residence Hall
MassDevelopment has issued a $134,570,000 tax-exempt bond on behalf of Brandeis University, which will use bond proceeds to build and equip a new five-story, 631-bed student residence hall and fund other miscellaneous capital projects on its campus in Waltham. The bond was sold through a public offering underwritten by Barclays Capital Inc.
Construction of the new residence hall began in June, with design led by William Rawn Associates and Dimeo Construction serving as construction project manager. The project is expected to be completed in spring 2027.
“Brandeis University has a proud legacy of academic excellence here in Massachusetts,” said MassDevelopment president and CEO Navjeet Bal. “MassDevelopment is pleased to deliver tax-exempt financing to help this institution build a new, state-of-the-art residence hall on its campus in Waltham where it can welcome and serve students for years to come.”
Founded in 1948, Brandeis currently enrolls 3,600 undergraduates and more than 2,000 graduate students.
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