QIC Said to Explore Sale of Ohio State University Parking Lease

Australian investment firm QIC is exploring the sale of CampusParc, which owns a long-term concession for the parking operations at the Ohio State University, according to people with knowledge of the matter.

The firm is working with an adviser to solicit interest in the Columbus, Ohio-based entity, which could be valued at more than $850 million, including debt, said some of the people, who asked not to be identified discussing confidential information.

Profit growth is driven by annual rate increases of at least 4%, one of the people said.

QIC in 2012 paid Ohio State University $483 million for ...