Corvias Campus Living – USG, the managing company for student housing that the University System of Georgia currently holds a public-private partnership with filed for chapter 11 bankruptcy proceedings on June 25, 2025.
The case is being held in the District of Delaware and is being administered under Case No. 25-11214. This case is pending before the Honorable Laurie Selber Silverstein, and the meeting of creditors took place Aug. 1.
Corvias Campus Living manages student housing properties across nine of the campuses and is responsible for a total of 9,948 beds across these universities. At the University of North Georgia, they have been responsible for managing Owen Hall and the Commons since 2016. This makes up 854 of the beds offered at UNG, holding them to strict policies surrounding occupancy and contracted dates.
“I think on-campus housing holds so much value for our students because, to them, life in residence halls is a crucial aspect of the stereotypical ‘college experience’ that we all grew up watching in TV shows and movies.” – Holly Wesley, a resident assistant and junior nursing major at the University of North Georgia
The USG has motioned for the guidelines of their 40-year partnership, following this filing. There has been turbulence in the relationship between the systems following a statement released by Corvias Campus Living on May 29, 2020 regarding USG’s choice to close campus housing during the COVID-19 pandemic.
“First, the Phase 1 Student Housing MCA does not give the BOR the unilateral right to (i) take actions that would either (a) prevent students at the Institutions from living on Campus, or (b) have the intent and effect of discouraging students at the Institutions from living on campus, or ii) exercise any of its reserved rights in a manner that materially interferes with or has a materially negative impact on the Concessionaire’s operation and management of the Project.” – Chris Wilson, Vice President of Corvias Campus Living – USG, LLC
No official statement has been released by UNG or the USG about what potential changes the university system may make during these court proceedings.
Wesley said, “For many people I have talked to, they do prefer to live on campus because of costs and whatnot, but the lack of availability for housing has caused them to look for other options, creating a greater financial strain.”
