Loyola University Chicago is a private, Jesuit Catholic research university founded in 1870. It is one of the largest Catholic universities in the nation and the only Jesuit university in Chicago. Loyola offers 80 undergraduate and 140 graduate and professional programs for approximately 16,000 students enrolled in its eleven colleges and schools.
Loyola University Chicago is committed to providing an intentional residence life experience for their students and wanted to ensure they maintain quality and intentionality despite increasing enrollment and aging facilities. The University hired Scion to provide recommendations for addressing occupancy and facilities concerns, while still maintaining the quality of the residential experience.
Scion’s recommendations were informed through a Market Demand and Pricing study, which also included a financial analysis, program plan analysis, and occupancy management review. Scion’s recommendations included specific renovations in some existing facilities, as well as unit types and pricing, and financing options for new campus housing, to address Loyola’s unmet demand.
Loyola immediately began implementing some of Scion’s recommendations regarding simplifying the rental rate structure and renovations in some of its largest facilities, with intentions to implement additional recommendations.