BOONE, NC —

Vitalis Smart Communities advised The Village of Meadowview, a 456-bed student housing community in Boone, North Carolina, on the early renewal of its internet services agreement with the property’s incumbent national internet service provider (ISP). Vitalis negotiated a reduced monthly internet rate alongside a dramatic upgrade in speed, from 300 Mbps to 1 Gbps, delivering measurably better connectivity to residents without increasing cost. Additionally, ownership received a significant signing bonus paid by the ISP at closing.

The opportunity was identified through a comprehensive portfolio-wide audit conducted by Vitalis, which systematically reviewed each asset for upcoming contract milestones and potential areas of improvement. The Village of Meadowview surfaced as a high-priority target. The existing agreement locked ownership into a below-market rate at 300 Mbps — terms that no longer reflected current market conditions or the bandwidth demands of today’s student residents.

Execution speed was critical for this negotiation. To unlock improved terms, the renewal had to be exercised within a defined window and required 120 days’ advance notice to the provider. Vitalis moved swiftly to meet that timeline, ultimately negotiating a final agreement that reduced the monthly internet rate while delivering an increase in bandwidth. For a student population with growing expectations around connectivity, the upgrade to 1 Gbps is a meaningful improvement in resident experience.

“This deal is a clear example of what a disciplined portfolio review can uncover. The ownership wanted to stay with their existing provider. Continuity mattered to them, and we were able to honor that while still delivering real, measurable improvements on both cost and service. The window to act was narrow and we executed seamlessly.” – Meaghan Peek, Vice President

About Vitalis Smart Communities
Vitalis Smart Communities is the nation’s leading telecom advisory firm specializing in connectivity solutions for multifamily communities, HOAs, COAs, and developers. The firm designs and negotiates bulk internet, managed Wi-Fi, and smart building infrastructure that increases property value and enhances resident experience.

Media Contact: Abigail Kind 802.881.9278