University of Minnesota Ionwave #10185.26.0211.ks

University of Minnesota Student-Athlete Housing Lease Opportunity

This opportunity involves the University of Minnesota seeking proposals for the lease of near-campus student housing facilities dedicated to student-athletes. - Government Buyer: - Regents of the University of Minnesota, Real Estate Office - Vendors/OEMs: - No specific OEMs or vendors named; open to qualified property owners or managers - Products/Services Requested: - Lease of furnished apartment units for up to 115 individuals (students and affiliates) - Units must include a mix of studio/efficiency, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom types - Amenities required: in-unit laundry, secured wireless internet, utilities, security features, maintenance, and common area access - Facility must comply with all federal, state, county, and city laws and codes, including ADA requirements - Must provide a smoke-free environment and specific security/access controls - All unit types must be available in one facility; no more than 50% of a floor or building may be occupied by student-athletes - Unique/Notable Requirements: - Compliance with NCAA housing rules - Subleasing to students under a Subtenant Contract - Rent paid annually in monthly installments - Respondents must submit detailed facility descriptions, unit types, amenities, and a completed rent cost table - Lease includes provisions for maintenance, insurance, and legal compliance - Period of Performance: - Initial lease term of two years, with three additional one-year renewal options - Place of Performance: - Near the University of Minnesota campus, Minneapolis, MN

Description

The University of Minnesota is issuing a Request for Proposal (RFP) to lease student housing facilities near campus specifically for student-athletes. The lease term is initially two years starting June 1, 2027, with options to renew for three additional one-year terms. The University seeks affordable, convenient, and attractive housing options compliant with all applicable laws. Proposals will be evaluated based on accommodations, location, management, financial offers, and lease terms. Respondents must submit detailed descriptions of the facility, unit types, monthly rent cost tables, and lease agreement acceptance or exceptions.

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