Dive Brief:

• The Philadelphia school district is seeking buyers for more than two dozen buildings that it closed last summer.
• The financially troubled district has received a $100 million offer for the entire portfolio.
• Drexel and Temple universities are also considering the purchase of former schools near their campuses.

Dive Insight:

The school system is in big trouble financially. It laid off 3,800 workers at the start of the school year and there were questions about whether schools would even open on time. The district put details of 27 buildings for sale on its website. All together, there's about 3.7 million square feet, plus the land the buildings occupy, up for grabs.