UC’s investment arm will lease the current facilities back to Notre Dame de Namur University for five years as part of the agreement, according to a news release. NDNU officials said the deal would provide time for UC to plan its long-term use of the property and for NDNU to find a new location in San Mateo County. Details about UC’s future plans or potential relocation sites for NDNU were not immediately available. The terms of the deal, including the sale price, were not disclosed...
“UC Investments moved quickly to explore this unique investment opportunity close to the heart of Silicon Valley,” said Jagdeep Singh Bachher, UC’s chief investment officer. “We’re convinced this long-term asset will greatly benefit UC, Notre Dame de Namur University, and the Sisters of Notre Dame de Namur for at least the next 100 years.”
The Belmont institution had spent four years negotiating a potential sale to Stanford University, but that deal fell through in February. Stanford attributed its decision at the time to “changes in the landscape for research universities,” stating these changes were “resulting in greater uncertainties and a different set of institutional and financial challenges for Stanford.” ...
As part of the deal, UC will renovate two historic buildings on the campus: Ralston Mansion and the Carriage House, both designated national and California historical landmarks...
Full story at https://www.mercurynews.com/2025/05/28/notre-dame-de-namur-uc-campus-deal-belmont/.
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