DeVry offers Decatur, Georgia, campus for sale

NEW YORK, April 7 (Reuters) - For-profit education company DeVry Inc (DV.N: Quote, Profile, Research), which has been selling its larger campuses to cut costs, has put its Decatur, Georgia, facility on the auction block, a spokeswoman said on Monday.

The 21-acre property has not yet been sold, according to spokeswoman Joan Bates. Details about its value were not immediately available.

"We believe that DeVry is half-way through its real estate optimization plan and additional transactions could result in more cost savings in the future," wrote Lehman Brothers analyst Gary Bisbee, in a note to clients.

Bisbee said it was the sixth so-called Big Box campus that DeVry has offered for sale in the last 18 months. The school has 22 Big Box campuses, according to Bisbee.

(Reporting by Chelsea Emery, editing by Richard Chang)