DURHAM, N.C., July 13, 2016 /PRNewswire/ — The Guess Corporation through its subsidiaries The Guess Development Company and The Guess Construction Company will provide joint venture development services and construction to religious institutions such as churches and universities. As part of the specialized development programs, the development unit will provide full real estate development to these clients. The development unit will also share in the cost of constructing churches and university campuses. Churches will have the option of having a church built along with additional buildings such as an enrichment center, and the development unit will cover up to 75% of the cost under a development deal. The developed property may be co-owned or leased back to the organization under a long-term lease deal.
Universities will have the same opportunity to access the resources of the development and construction units for build to suit long-term lease deals and also joint-ventures.