Lincoln Christian University is pleased to announce the sale of the University’s student apartments.
In late February, LCU was introduced by a friend of the university to Mitch King, who expressed interest in purchasing LCU’s 56-unit student apartment complex. Mr. King had considerable experience operating apartment complexes, wanted to rent to the LCU community, and was willing to invest nearly $1 million for needed updates and renovations to the apartments. He was also willing to honor the commitments LCU has made to our returning students as best they could be approximated with a change in ownership.
As LCU’s President, Dr. Silas McCormick explains, “we were a bit skeptical of the idea at first. We would have preferred not to give up control of the apartments, but we simply did not feel we could pass on an opportunity that would not only improve our students’ quality of housing, but also reduce our debt and employee workload. It really is a great opportunity for all involved, and we’re looking forward to introducing Mitch to this wonderful community.”