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A&G Real Estate Partners Accepting Offers on College Real Estate in Maine

byIan Koplin
August 10, 2023
in News

Unity Environmental University, a nonprofit, fully accredited institution with a main campus in New Gloucester, ME is offering for purchase its 225-acre, secondary teaching location in Unity, ME. A&G Real Estate Partners is marketing the property on behalf of the university.

“The university is bucking the trend of distress in higher education in a remarkable way,” Emilio Amendola, co-president of A&G and head of the New York-based firm’s real estate sales division, said. “It is operating in the black, launching new degree programs and has grown from 600 to more than 7,500 students in just a few years, with projections of 10,000 students by 2025. This summer, it welcomed about 1,000 new full-time students — its largest-ever incoming class.”

“The Quaker Hill Road property represents an extraordinary opportunity for a wide array of potential users,” Dr. Melik Peter Khoury, president of the university, said. “It is a beautiful location, situated on 225 acres surrounded by woodlands and hills and just a short walk from downtown Unity, with an abundance of amenities.”

The property boasts nine residence halls, a heritage livestock barn, a student activities building, classrooms, laboratories, dining halls, an arts center, a public library, a soccer field, cross-country trails and more.

“These facilities are well-maintained, with buildings totaling more than 100,000 square feet and with approximately 600 beds in all,” Christian Koulichkov, managing director, real estate sales at A&G Real Estate Partners, said. “Since 2012, the institution has made significant capital investments—everything from new labs and dorms, to a new cafeteria — so this property’s deferred maintenance is very low.”

“The presence of multiple cafeterias, in addition to those residences, means this property is a strong fit for high-quality senior housing,” Amendola said. “The bucolic setting makes it the perfect place for a camp, spiritual retreat or recreational center, and the high-speed Internet access and well-equipped science labs also offer the possibility of a remote research facility. It’s quite a mix.”

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