CHARTER SCHOOL SOLUTIONS MISSION DRIVEN FACILITIES & REAL ESTATE STRATEGIES Pennsylvania Coalition of Charter Schools Leadership Conference May 1, 2010
MIS / GRUBB & ELLIS: EXPERIENCE & EXPERTISE Entrepreneurial Spirit Expertise, Enthusiasm, & Experience with Schools Comprehensive real estate approach and solutions that address the unique needs of educational institutions. MIS Capital LLC / Grubb & Ellis leads, advises and assists to achieve: Coordination of a cost effective site search, transaction, and development process from project vision to occupancy Leadership focus on educational mission and achievement Creation of community value and institutional permanence &
Project Experience - Non-Profit, Education and Arts and Cultural Organizations PROVEN TRACK RECORD CHAD (Charter High School for Architectural Design)125,000 Independence Charter School70,000 Philadelphia Housing Development Corporation68,000 Federal Community Defender Office of Eastern PA62,000 Philadelphia Health Management Corporation (PHMC)60,000 School District of Philadelphia55,000 Insurance Society of Philadelphia43,000 American Cancer Society42,000 VNA (Relocation)40,000 Visiting Nurse Association (Prior lease expiration)40,000 Jenkins Memorial Law Library35,000 Gwynedd Mercy Academy – Elementary Division35,000 Delaware Valley Regional Planning Commission35,000 Family Planning Council30,000 Southeastern Mental Health Association20,000 American Institute of Architects (AIA)15,000 Native American Indians of the Delaware Valley11,000 Greene Towne School10,000
REACTIVE REAL ESTATE PROCESS SCHOOL LEADERSHIIP LEGAL BUSINESS MANAGEMENT PROJECT MANAGEMENT FINANCING ARCHITECTURE & ENGINEERING ENVIRONMENTAL CONSTRUCTION REAL ESTATE
PROACTIVE REAL ESTATE PROCESS PROJECT VISIONREAL ESTATEDESIGN FINANCE APPROVALS / PERMITTING PROJECT COMPLETION SCHOOL LEADERSHIP LEGAL, BUSINESS MANAGEMENT & FACILITIES COMMITTEE
SCHOOL ORGANIZATIONAL LIFE CYCLE StartupExpansionStabilizationEstablished
SCHOOL ORGANIZATIONAL LIFE CYCLE Startup REAL ESTATE COMPONENTS Select Location Negotiate Transaction Renovate Space REAL ESTATE COMPONENTS Expand in Current Space Relocate to Larger Leased Facility Expansion StabilizationEstablished
SCHOOL ORGANIZATIONAL LIFE CYCLE REAL ESTATE COMPONENTS Revaluate Space Needs After Reaching Desired Enrollment REAL ESTATE COMPONENTS Evaluate Options Ownership Expansion Relocation Established Stabilization StartupExpansion
FACILITIES VISION – DISCUSSION
Financial & Space Control Building Resources for Education Improve Visibility, Facility Amenities Institutional Permanence Commitment to Community FACILITIES VISION – OWNERSHIP
STRATEGIC REAL ESTATE PLANNING & SEARCH PROJECT DEVELOPMENT & MANAGEMENT PROCESS VALUE ADDED APPROACH Assist in Formulating Project Vision: What Should Your Ideal Facility Be? Assess Lease, Space Needs & Develop Program Concepts Financial Analysis: ▼% $ Facilities: ▲ % $ Education Create Real Estate Opportunities with Unlisted Properties and/or Conversions Develop Project Budget and Real Estate Strategy Review and advise regarding current lease status to maintain leverage through timely and flexible amendment structure Select Properties that Fulfill Project Vision Perform Due Diligence Negotiate and Execute Transaction(s) Oversight of Design Development and Management of Project Pricing Evaluate and Secure Best Financing Identify and Pursue Grant Opportunities with Client Complete Property Closing Construct Project On Budget & On Time Achieve Value (Leverage) by Linking Vision with Development Opportunities G&E Market Coverage / MIS Capital Development Experience Effective Cost & Scope Control from Day One Matching People & Relationships to Benefit School Allow School Leadership to Retain Educational Focus Achieve Benefits of Institutional Permanence Positively Transform Communities MIS / GRUBB & ELLIS – REAL ESTATE PROCESS OVERVIEW
CHARTER SCHOOL SOLUTIONS Steve Gendler David Colman MIS CAPITAL LLC 1550 Latimer Street Philadelphia, PA 19102