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Photo shows Irvine Hall, one of the halls which 138 Student Living operates on the UWI, Mona campus.
Real estate company 138 Student Living (138SL) has seen an increase in short-term income due to its offer of facilities for quarantine under conditions caused by COVID-19.
Total revenue climbed to $1.22 billion for the year ended September 30, 2020, coming from $1.01 billion at year-end 2019.
The company operates halls of residence under 138SL and 138 SL Restoration (138LR) which are governed by concession agreements from its partner the University of the West Indies, Mona. The concession guarantees 90 per cent occupancy.
It has been pursuing strategies to increase revenue under COVID conditions, one of which was to offer rooms for quarantine.