Monday, June 1, 2015

Roseman University Expands Summerlin® Campus Through Purchase of Land from The Howard Hughes Corporation®

Roseman University of Health Sciences today announced it has purchased 3.5 acres of land at the corner of South Hualapai Way and Discovery Drive from The Howard Hughes Corporation for $3.1 million.

The purchase of the land parcel completes Phase I of Roseman University’s Summerlin Campus Master Plan, which already includes 9.25 acres of adjacent undeveloped land, the Flagship building and the Ralph & Betty Engelstad Cancer Research building of the former Nevada Cancer Institute. The Summerlin campus is home to Roseman University’s MD-granting College of Medicine, which is progressing through the accreditation process with the goal of enrolling its first class of 60 medical students in fall 2017.

“We are delighted to work with The Howard Hughes Corporation to further expand our campus footprint as we continue to develop a premier College of Medicine in Summerlin,” said Roseman University President Renee Coffman. “Along with the combined 327,000 square-feet of office, research, clinical and multi-use space in the Flagship and Engelstad buildings, 12.75 acres of prime, undeveloped land allows us to plan for Phase II, which may include additional facilities for medical education, research and student services to be developed as the College of Medicine grows.”

“Bringing a medical school to Summerlin is a point of pride for all who live and work in the community,” said Kevin T. Orrock, president of Summerlin.  “Roseman College of Medicine is well positioned to be a big part of the ongoing evolution and uplift of our entire city, attracting and retaining talent and expanding access to quality medical care.  We are delighted to have played a small role in helping Roseman to acquire the land it needs to accomplish those objectives.”

About the Roseman University College of Medicine:
 Roseman University began building the foundation for its MD-granting College of Medicine in 2010 through the establishment of medical research programs that now focus on diabetes and obesity, cancer, Alzheimer’s and other neurodegenerative diseases, cardiovascular disease, and adult stem cell and regenerative medicine. On December 13, 2013, the Board of Trustees of Roseman University unanimously approved the university’s plan to develop an allopathic medical school in Southern Nevada. Under the direction of Founding Dean Mark A. Penn, in January 2014, Roseman University's College of Medicine submitted an application to the Liaison Committee on Medical Education (LCME) to begin the accreditation process. The Roseman University College of Medicine now employs 27 administrators, faculty/researchers and staff.

About Roseman University of Health Sciences:
Founded in Henderson, Nevada in 1999, Roseman University of Health Sciences is a private, non-profit institution of higher learning with campuses in Henderson, Summerlin and South Jordan, Utah. The University is comprised of the College of Dental Medicine, offering an Advanced Education in Orthodontics and Dentofacial Orthopedics/MBA residency and Doctor of Dental Medicine program; College of Pharmacy, offering a Doctor of Pharmacy and Professional Continuing Education; College of Nursing, offering a Bachelor of Science in Nursing and Accelerated Bachelor of Science in Nursing; and an MBA program. The University is currently developing an MD-granting medical school based at its Summerlin campus. Roseman University is regionally accredited by the Northwest Commission on Colleges and Universities.

About Summerlin:
Developed by The Howard Hughes Corporation, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 bestselling master-planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 6,000 acres still remaining to accommodate future growth within the master plan. The community is currently home to more than 100,000 residents who enjoy an unparalleled list of amenities. These include more than 150 neighborhood and village parks, more than 150 completed miles of trails, 22 public and private schools, 14 houses of worship, nine golf courses, shopping centers, medical and cultural facilities, business parks and dozens of actively selling floor plans. Homes are available in a variety of styles – from single-family homes to townhomes and condominiums– priced from the $300,000s to more than $1 million. Custom homesites in The Ridges are priced from the $400,000s. Luxury apartment homes offer monthly rents starting from the $900s. Visit www.summerlin.com for more information.

About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 16 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC and is headquartered in Dallas, TX. For additional information about HHC, visit www.howardhughes.com.