Yesterday, Pepperdine aquired the old American College of Physicians building on Penn Ave in the nation's capitol for a whopping $17.4 mill. No word yet on what they plan to do.
The abroad program occupies a swank condo complex (a small percentage of it) just outside D.C. and students have a couple options on attending universities out there, so it will be interesting to see what Pepperdine does with the new property in the amazing location.
Will they turn it into another abroad house with classrooms? Will say flip the property and sell it?
The only thing known is that Pepperdine is starting to use its endowment (close to $900 mill and a massive on-campus rennovation) to makes "waves" (baduump....cha!) around the university scene.
I just wished they could realize a legit bball team would do five times that much for the school.
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