World Assurance Group (PKS: WDAS) “Student Housing on the Rise at University of Washington, Tacoma”

World Assurance Group (PINKSHEETS: WDAS) recently  announced that according to the National Center of Educational Statistics the rate of college enrollment immediately after high school completion increased from 49 percent in 1972 to 67 percent by 1997, but has since fluctuated between 62 and 69 percent, with approximately 75% to 80% of college freshmen living on-campus, as noted by Studentnow.com.

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WDAS publicized on October 14, 2009 that it had signed a proposal to enter into a purchase agreement with Student Housing for a 15% participating interest in campus housing at the University of Washington in Tacoma, Washington. The project is a proposed 16-story mid rise tower overlooking the University of Washington, Tacoma campus, and the mountains. The project includes 64 quad living units, 104 dormitory style rooms and 13 resident advisor apartments for a total occupant count of 477. The site is located at Northwest corner of 21st and Fawcett in downtown Tacoma.

"These figures are exceptionally important to our Student development project at the University of Washington Tacoma, as currently there are no individual dorms for males and females separately for students," said Jonathan Morgan, President of World Assurance Group. "With enrollment trends at the University increasing at an average of 3% per year over the last five years, the need for immediate campus housing is paramount and led to our decision to sign the Letter of Intent with Student Housing."  Source World Assurance Group.

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