The Miles College purchase agreement for Birmingham-Southern College ended Monday, according to a news release from BSC.

The deal ended at 3 p.m. after three extension requests from Miles, according to BSC. The college is valued at $65 million.

“The BSC community has great respect for Miles College, its students, faculty, staff, and alumni, and appreciates both the shared roots and the alignment of missions,” the news release stated. “But to meet its commitments to lenders and other creditors, the BSC Board of Trustees is obligated to sell the 192-acre campus property as quickly as possible.”

Miles and BSC executed the purchase agreement on Sept. 25 with a closing date for Oct. 25, according to the news release. Miles requested an extension to Nov. 25. Ten days before the deadline, BSC declined a second extension request to Dec. 24.

It’s unclear what the status of the campus sale is as BSC declined further comment. AL.com also reached out to the Miles College president’s office, which declined comment.

Birmingham-Southern College closed after 168 years on May 31 after a bill to fund the college through a $30 million loan didn’t receive sufficient support from the state legislature. Funding woes plagued the Methodist-affiliated college for decades, and support from the state was its last option.