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HBCU Going Through Bankruptcy Looks To Sell $200M In Real Estate
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HBCU Going Through Bankruptcy Looks To Sell $200M In Real Estate
A historically Black university in North Carolina is the latest in a series of small schools to fall on hard times. Amid Chapter 11 bankruptcy proceedings, St. Augustine's University is considering selling part of its 105-acre campus just outside of Downtown Raleigh. The university owes between $50M and $100M to creditors, ABC11 reported. Its real estate holdings are valued at $200M and include the main campus near Downtown Raleigh and other pa…
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