Florida Memorial University Receives Knight Foundation Support to Protect the Long-Term Value of Its Campus
The grant will fund advisory support from Hayat Brown, an independent real estate development advisory firm, to help FMU evaluate land development proposals and negotiate an agreement that reflects fair value for its land while protecting the university’s long-term institutional interests. FMU currently enrolls approximately 1,700 students and has a vision of growing to 5,000, a scale that will require significant new housing capacity and campus infrastructure. The proposed redevelopment, which includes student housing, workforce housing and athletic facilities, is intended to both support enrollment growth and diversify university revenue beyond tuition. Knight Foundation’s support reflects a broader understanding of