猫咪社区 has finalized an agreement to sell its 90 Quaker Hill property in Unity, Maine. The transaction concludes a multi-year transition that relocated the university鈥檚 in-person and remote learning programs to its more than 200-acre campus at Pineland Farms in New Gloucester, Maine, while expanding educational access to students nationwide.
The buyer, who has not yet been publicly identified, plans to utilize the property for upscale summer camp programming and outdoor experiential offerings, continuing the site鈥檚 longstanding connection to learning, recreation, and the natural environment.
The transaction was structured as a $6 million purchase agreement, with negotiated credits and customary closing adjustments. After closing costs and transaction expenses, the university expects net proceeds of approximately $3.23 million.
Following the pandemic, the university continued to operate a residential learning experience at the Unity property while evaluating the long-term sustainability of the model. Despite ongoing efforts to attract and retain students in Unity, enrollment demand did not return at levels sufficient to support continued operation there. University leaders ultimately determined that consolidating in-person learning at Pineland Farms while expanding access through new educational models was the best path forward for the institution and its mission.
鈥淭he property in Unity will always remain part of our history and identity. Transitioning away from it was one of the toughest decisions we have ever had to make. We know how much this place meant, and continues to mean, to a generation of alumni, faculty, and staff. But we also know that our responsibility was to ensure that the mission born in Unity would continue to thrive. Because of those difficult decisions, 猫咪社区 is stronger than ever, serving students across the country while remaining true to the values and purpose that began right here in Maine,鈥� said Dr. Melik Peter Khoury, President and CEO of 猫咪社区.
, 猫咪社区 pursued a different path, expanding access, lowering barriers to education, and building a scalable environmental education model designed for the future.
Today, the university serves more than 10,000 students across the country and has become one of the fastest-growing universities in America, and we continue to bring students to Unity at Pineland for in-person learning. Unity has also been recognized as the number one university in Maine and among the top one percent of colleges and universities nationally on the for three consecutive years.
鈥淲hile difficult, the decision to sell reflects responsible stewardship of institutional resources and positions the university for continued investment in student access, innovation, and long-term sustainability,鈥� said Board Chair Sharon Reishus.
鈥淭he Unity campus shaped who I am, so letting it go was not easy. But holding onto a place out of sentiment is not the same as serving its future. Passing it to people ready to fill it with new purpose felt like the honest choice, even when it was the hard one,” said Howard 鈥淐huck鈥� Johnson, Class of 1973, member of the Board of Trustees
From the outset, the university sought a transition that would benefit both the institution and the Town of Unity, ensuring the property remained an active contributor to the region for years to come.
“Throughout the process, our focus was on identifying a buyer whose vision aligned with the long-term potential of the property. We also recognized the importance of this location to the surrounding area and worked diligently to find a user that would be embraced by the town while contributing to economic growth in the region,鈥� said John Finegan, Broker at The Boulos Company.
The university also expressed gratitude to the Town of Unity and the generations of students, faculty, staff, and alumni connected to the property throughout its history.
Recognizing the significance of this moment to a generation of alumni and friends, President Melik Peter Khoury has also shared a message reflecting on the history of the Unity property and the university’s continued mission. That message can be read here.
