How universities became giant piggy banks for hedge-fund billionaires
that"colleges are just real-estate hedge funds with classes attached" may inspire eye rolls, recent moves are making the joke cut deeper.
And the University of California system isn't alone in its ambitions — universities across the country have invested in or bought up real estate. And some large public universities such as Georgia Tech, the University of Washington, and the University of Texas at Austin have even teamed up with private developers to build"," hubs of office buildings and retail shops that are leased to private companies instead of being used for classes or student housing, on university property.
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