Global Education Communities Corp. announced that the Company has added a new business segment, called the Master Lease Partnership Program (MLPP), to complement its existing operations. The MLPP strategy is intended to expand GECC's revenue streams, complement its current corporate-owned student housing portfolio without deploying significant capital, and shorten the delivery time for student-bed deployments.

The MLPP strategy allows GECC to capitalize on new business opportunities within the Canadian real estate industry that have arisen as a result of the current state of the housing shortage in Metro Vancouver and to drive further growth. To deploy the MLPP strategy, GECC is discussing with several developers to master-lease over 250,000 GBSF of residential rental facilities for five to ten years, adding approximately 800 beds to GECC's growing portfolio of 1,500 beds in Metro Vancouver. The facilities under review by GECC will be brand-new with a possession date of less than six months.

These developers started developing and constructing rental buildings several years ago and are no longer interested in operating rental properties in today's environment, thus creating an opportunity for the MLPP.