LAKEWOOD (March 22, 2022) - After two years of discussion, Georgian Court University has reached an 

agreement to sell 42 acres of mostly unused and undeveloped land to the Beth Medrash Govoha (BMG) 

Lakewood yeshiva.

The relationship between GCU, a Catholic University, and BMG, an orthodox Yeshiva, is what makes 

this transaction different than many other land sales currently occurring across the country.  This 

isn’t just about the exchange of land for equity, it is another step forward in strengthening the 

long-standing relationship between the two institutions of higher learning, both of which are 

committed to creating outstanding learning opportunities for their students and to improving the 

Lakewood community at large. Through this deal, both institutions will be able to more quickly meet 

their goals for future growth and expansion.

“As a Catholic university, we are called to be responsible for each other and care for the common 

good,” said Georgian Court University President Joseph Marbach, Ph.D. “This mutually beneficial 

partnership reflects our commitment to our core values and the Mercy tradition. It enables both 

communities to forge ahead to a better and brighter tomorrow.”

With more than 150 acres, Georgian Court University has the largest campus of any religiously 

affiliated educational institution in New Jersey. The proceeds from the sale of this mostly unused 

and undeveloped land will fast track projects under the University's 2019 Master Plan, allowing for 

reinvestment in the historic heart of campus and the enhancement of facilities to meet the evolving 

needs of the GCU community and rapidly growing academic programs.

“While we have one of the healthiest endowments of any independent educational institution in New 

Jersey, this deal monetizes our existing assets, namely our largely undeveloped and unused land. It 

allows us to expedite plans to further reinvest in our school,” said Dr. Marbach.

Four key areas of Georgian Court University’s growth that will be accelerated by this deal are:

1.  The construction of a new, cutting-edge center for nursing and health sciences, to expand on 

its tradition of educating students for the caring professions and to meet a pressing nationwide 

shortage of nurses;

2. The reimagining of its 1899 Casino as a new, modern student center, to meet the needs of the 

21st-century student and increase accessibility to some of its core support programs;

3.  Updates to its historic Mansion, to be used as an administrative hub; and

4.  The modernization of its student housing/dorm facilities, to better serve its existing 

population - and encourage additional enrollment - of residential students.

While the sale will allow GCU to expedite the university’s reinvestment back into its campus and 

fuel enrollment, it will also contribute to the development of the greater educational community as 

Lakewood gains respect as a center for the advancement of young people.

Mr. Howard Friedman, Chairman of the Board of Beth Medrash Govoha, stated: “After many months of 

careful thought and planning on all parts, we are pleased to see this initiative moving forward. 

It’s a win- win and a great next step for the future of Lakewood.”

The partnership will provide Beth Medrash Govoha an opportunity to assist with its expansion and 

add student housing units. This expansion, which is close to the BMG Campus, is needed and may ease 

the demand for housing while minimizing and even easing traffic and parking impacts in the area.

While the precise timeline for renovations and construction of the new facilities are undetermined, 

there will be minimal interruption to campus life and the learning experience.

Georgian Court University’s mission-focused commitment to the students and the communities we 

serve, has resulted in some $20 million invested in campus renovations, updates, and improvements 

since 2015. The land deal and other funding will expand that total investment to $75 million over 

the next five years. Advancement of the Master Plan through this transaction also allows us to 

realize the next generation of growth at GCU.

About Georgian Court University

Georgian Court University is a leading regional university that provides a transformative 

education, preparing students for ethical leadership and service in the Catholic Mercy tradition. 

Founded in 1908 and sponsored by the Sisters of Mercy, Georgian Court University is Central and 

South Jersey’s only Catholic university. The university has a strong liberal arts core and an 

historic special concern for women. As a forward-thinking university that supports diversity and 

academic excellence, GCU is known for expanding possibility for more than 2,200 students of all 

faiths and backgrounds in 35+ undergraduate majors and 10+ graduate programs. The GCU Lions compete 

in 14 NCAA Division II sports in the Central Atlantic Collegiate Conference (CACC). In 2020, GCU 

was named a Best Value College by Money.com and a Best Bang for the Buck (Northeast) by Washington 

Monthly. High student retention and graduation rates also make GCU a Top Performer on Social 

Mobility on U.S. News & World Report’s rankings. The main campus is located in Lakewood, New 

Jersey, on the picturesque former George Jay Gould estate, a National Historic Landmark. Georgian 

Court, which is accredited by the Middle States Commission on Higher Education, also serves 

students through its Center for Professional Studies, and at other locations, including GCU at 

Hazlet, GCU at Rowan College of South Jersey–Cumberland Campus, and through multiple online degree 

and certificate programs.

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