colliers international education services group · colliers education services group is the leading...

TODD NOEL, CCIMExecutive Vice PresidentNational Director - Education Services GroupDIR +1 602 222 [email protected]

COLLIERS INTERNATIONAL2390 E. Camelback Rd. Suite 100Phoenix, Arizona 85016 MAIN +1 602 222 5000www.colliers.com/greaterphoenix

Colliers InternationalEducation Services Group

Colliers Education Services Group is the leading real estate advisor dedicated to the education industry. It is comprised of brokers and advisors who focus their training, skills and experience on delivering sustainable, defensible solutions to the unique needs of educational organizations.

From charter schools to universities, the Education Services Group takes a strategic approach to the unique real estate considerations facing educational facilities: parking density, expansion space, proximity to certain demographic profiles, and accessibility. We understand that real estate decisions impact much more than bricks and mortar. The Education Services Group provides

THE GOAL OF EDUCATION IS THE ADVANCEMENT OF KNOWLEDGE AND THE DISSEMINATION OF TRUTH.

What is Colliers Education Services Group?

“-John F. Kennedy

“

strategies and services that strive to reduce occupancy costs, increase efficiency and enhance enrollment.

Our goal is simple: to deliver customized, intelligent, high-quality, and enhanced solutions for your schools. We will be committed to you and your success, from strategy to execution. And, as your needs change, Colliers keeps pace with you, providing you with the optimal solution at each stage in your business plan.

From charter schools to universities, the Education Services Group takes a strategic approach to the unique real estate considerations facing educational facilities: parking density, expansion space, proximity to certain demographic profiles, and accessibility.

COLLIERS INTERNATIONAL EDUCATION SERVICES | 3

› Access to capital› Market analysis› Financial underwriting› Borrower analysis

(financial statements)› Economic conditions

summary› Identify capital sources

CAPITAL MARKETS

› Create RFP for developer services

› Create financial documentation

› Site selection› Tax implications

DEVELOPER SERVICES

INTEGRATED SERVICESColliers International provides customized location real estate strategies that combine expertise with career education experience. The result is knowledge-based decisions that are financially sound, defensible real estate strategies that center on a school’s history, vision, and mission.

› Dedicated single point of contact

› Mapping and demographics› Customized market

research, including student and labor density

› Development of space standards

› Customized financial models for site analysis

› Municipal incentives and advisory

› Zoning and permitting› Managing / mitigating risk

SITE SELECTION & PORTFOLIO PLANNING

› Leased and owned facility acquisitions

› Excess space and surplus dispositions

› Portfolio administration / data management

› Custom financial models› Concession procurement› Ownership restructure /

lease renegotiation› Creation of cost reduction

programs› Web-based transaction

management and lease administration

TRANSACTION & LEASE ADMINISTRATION SERVICES

› Operations management› Risk management /

quality assurance› Contract administration /

integrated cost control› Facility and engineering

functionality› Sustainable building practices /

LEED Certification› Mechanical and electrical

engineering› Mail and food services› Work order management› Building operations and

maintenance

FACILITIES MANAGEMENT



THE CLASSROOM OF THE FUTURE

The future is already here. Students work in mobile and collaborative ways within and outside the classroom supported by technology and driven by new learning practices and expectations. The classroom has become more than four walls and desks. The classroom is an integrated set of locations, technology, programs and practices that connect students, parents and teachers and enable them to contribute to the overall learning environment. When possible, education providers are upgrading their spaces to support trends that are challenging the old ideas about collaboration and location.

IDENTIFY CAPITAL SOURCES

Access to capital is the single most important factor in putting together a school facility. The Colliers team can help their clients underwrite and identify available sources of capital.

LEASE ADMINISTRATION

Colliers’ Lease Administration professionals combine technology, resources and market knowledge to help streamline lease administration and help clients avoid billing errors and overpayment. Services include abstracting leases, tracking critical lease dates, auditing landlord invoices and negotiating recoveries, budgeting real estate expenses, verifying and automating lease payments, and organizing and managing real estate portfolios.

COLLIERS 360

Colliers 360 is a fully-integrated, scalable analytics platform that provides complete coverage for clients’ corporate real estate and facilities management technology needs. Clients can view custom metrics for all areas of the business in real time through any web-enabled decide.

OPERATIONS MANAGEMENT

Colliers Facilities Management provides financial planning, ongoing operations management and project management for a full-service solution. With a focus on total quality management, we help you achieve efficiency, cost savings and profitability. Our approach combines the basic principles of sound plant maintenance, optimum asset utilization and efficient service delivery. We consult with you to gain a detailed understanding of your unique requirements then assign a specialized team to your property, with a single point of accountability for maximum efficiency.

RELEVANT EXPERIENCE (PARTIAL LIST)

PARTIAL OVERVIEW OF RECENT TRANSACTIONS

THE JONES GORDON SCHOOL - 4800 E. DOUBLETREE RANCH RD. PHOENIX AZ › Seller representative (Sion Holdings) › Doubletree School was the buyer on behalf of The Jones Gordon School

› Sold 6/19/2017 › Sales Price: $5,000,000

SONORAN SCIENCE ACADEMY - 17667 N. 91ST AVE. PEORIA AZ › Seller representative (Fenway Properties) › Leased to Sonoran Science Academy › Sold 2/16/2017 › Sales Price: $8,600,000

LAUREN’S INSTITUTE FOR EDUCATION – 1305 S. GILBERT RD. GILBERT, AZ › Seller representative (Fenway Properties) › Private investor was the buyer in the transaction

› Sold 12/12/2016 › Sale Price: $9,500,000

GREAT HEARTS - ARCHWAY CLASSICAL ACADEMY - 7496 E. TIERRA BUENA LN. SCOTTSDALE AZ › Seller representative (North Creek Business Park)

› Private investor was the buyer in the transaction

› Sold 9/16/2016 › Sale Price: $5,700,000

GRAND CANYON UNIVERSITY - MULTIPLE TRANSACTIONS › Buyer’s representation › Multiple sellers in multiple transactions › From 2010 - Ongoing › Assemblage of over 150 acres and over 500,000 SF to accommodate new classrooms and dormitories

› Sale Price: $60,000,000

LEGACY TRADITIONAL SCHOOLS - NORTH CHANDLER CAMPUS - 1900 N. MCQUEEN RD. CHANDLER AZ › Buyer representative (Legacy Traditional Schools)

› Walmart was the seller in the transaction › Acquired 6.89 AC to construct a 72,000 SF school

› Sold 12/21/2015 › Sale Price: $1,905,816

PARDES JEWISH DAY SCHOOL - 3916 E. PARADISE LN. PHOENIX AZ › Seller representative (Pardes) › Freedom Academy was buyer in the transaction › Sold 5/21/2015 › 45 days on the market › Sales Price: $4,600,000

LEGACY TRADITIONAL SCHOOLS - GLENDALE CAMPUS - 13901 N. 67TH AVE. GLENDALE AZ › Buyer representative (Legacy Traditional Schools)

› E&V Investments was seller in the transaction › Acquired 9.13 AC to construct a 73,000 SF school. › Sold 11/23/2015 › Sale Price: $2,205,417

TESSERACT - 4800 E. DOUBLETREE RANCH RD. PHOENIX AZ › Represented both parties in the transaction › Sale Leaseback › Sold 10/17/2015 › Sale Price: $3,000,000

BASIS FULTON RANCH - 204 W. CHANDLER HEIGHTS BLVD. CHANDLER AZ › Seller representative (Champion Development) › Basis Schools was the buyer in the transaction › Sold 5/29/2015 › Sale Price: $2,640,000

COLLIERS INTERNATIONAL EDUCATIONAL SERVICES | 8

ARIZONA CONSERVATORY FOR ARTS & ACADEMIES - 16454 N. 28TH AVE. PHOENIX AZ › Represented Seller › 486,000 SF building on 158 acres › Transaction time: 40 days (sale-leaseback)

GLENDALE PREPARATORY ACADEMY - 23276 N. 83RD AVE. PEORIA AZ › Buyer representative (Great Hearts Academies)

› West Wing Mountain View LLC was the Seller in the transaction

› Acquired 8.5 AC to construct an 80,000 SF school.

› Sold 11/30/2012 › Sale Price: $705,000.00

VERITAS PREPARATORY ACADEMY - 3102 N. 56TH ST. PHOENIX AZ › Buyer representative (Great Hearts Academies)

› Inca Capital (Lender owned) was the seller in the transaction

› Sold 3/29/2011 › Sale Price: $6,050,000 SONORAN SCIENCE ACADEMY - 2820-2834 W. KELTON LN. PHOENIX AZ

› Seller representation (Crown West Realty LLC)

› Choice Education was the Buyer in the transaction

› 60 days on the market › Sold 6/14/2006 › Sale Price: $4,988,000

CHANDLER PREPARATORY ACADEMY - 1951 N. ALMA SCHOOL RD. CHANDLER AZ › Buyer representative (Great Hearts Academies)

› HRCF- Alma School was the seller in the transaction

› Sold 11/20/2009 › Sale Price: $5,300,000

ACADEMY OF MATHEMATICS & SCIENCES - 3325 W. FLOWER ST. PHOENIX AZ › Buyer representative (Academy of Mathematics & Sciences)

› TRH Properties was the seller in the transactions

› Sold 5/29/2015 › Sale Price: $1,100,000

ACADEMY OF MATHEMATICS & SCIENCES - 6633 W. CAMELBACK RD. PHOENIX AZ › Buyer representative (Academy of Mathematics & Sciences)

› Gershman Properties was the Seller in the transaction

› Sold 5/5/2015 › Sale Price: $2,500,000

LINCOLN PREPARATORY ACADEMY - 2250 S. GILBERT RD. CHANDLER AZ › Represented both parties in a long term ground lease.

› Bondable lease, underwritten as fee simple to achieve 30 year-tax exempt financing to construct an 80,000 SF school.

› Sun Property Holdings was the Lessor in the transaction

› Sold 12/21/2014 › Consideration: $5,000,000

ARETE PREPARATORY ACADEMY - 4525 E. BASELINE RD. GILBERT AZ › Buyer representative (Great Hearts Academies)

› VQ Investments was the seller in the transaction › Acquired 8.89 AC to construct an 85,000 SF school.

› Sold 10/20/2013 › Sale Price: $2,323,490

SKYLINE EDUCATION - 2020 N. ARIZONA AVE. CHANDLER AZ › Seller representative (Sooner Investments) › Skyline Education was the buyer in the transaction

› Sold on 7/7/2013 › 45 days on the market


PORTFOLIO PLANNING AND SITE / PROPERTY SELECTION › Dedicated single point of contact › Mapping and demographics › Customized market research, including student and labor density

› Development of space standards › Customized financial models for site analysis

› Municipal incentives and advisory › Zoning and permitting › Managing / mitigating risk

PROJECT COORDINATION › Project management › Developer selection › Construction services › Vendor alliance partners › Architectural services procurement

› Value engineering › Budget / schedule accountability › Cost control / management › Purchase of FF&E › Move-in / Close-out occupancy

TRANSACTION AND LEASE ADMINISTRATION SERVICES › Leased vs. own analysis › Excess space and surplus dispositions › Portfolio administration / data management

› Custom financial models › Concession procurement › Ownership restructure /lease renegotiation

› Creation of cost reduction programs › Web-based transaction management and lease administration

GRAND CANYON UNIVERSITYMultiple Locations | 850,000+ RSF

SERVICES PROVIDED:

CAPITAL MARKETS › Debt / equity › Build-to-suit development › Investment sales › Sale / leaseback › Financial analysis


PROJECT COORDINATION › Project management › Developer selection › Construction services › Vendor alliance partners › Architectural services procurement

› Value engineering › Budget / schedule accountability › Cost control / management › Move-in / Close-out occupancy

CAPITAL MARKETS › Debt / equity › Build-to-suit development › Financial analysis




› Custom financial models › Concession procurement › Ownership restructure / lease renegotiation

› Web-based transaction management and lease administration

VERITAS PREPARATORY ACADEMY3102 North 56th Street, Phoenix, AZ | 141,784 RSF

SERVICES PROVIDED:

EDUCATION IS THE MOST POWERFUL WEAPON WHICH YOU CAN USE TO CHANGE THE WORLD.

“

-Nelson Mandela

“


MARICOPA

COLLEGECORPORATE







› Lease administration

MARICOPA CORPORATE COLLEGE - A MARICOPA COMMUNITY COLLEGE1050 West Washington Street, Phoenix, AZ SERVICES PROVIDED:

PROJECT COORDINATION › Vendor alliance partners › Value engineering › Budget / schedule accountability › Move-in / Close-out occupancy › Financial analysis



Arizona ConservatoryF O R A R T S A N D A C A D E M I C S



ARIZONA CONSERVATORY FOR ARTS & ACADEMICS2820 West Kelton Lane, Phoenix, AZ | 48,160 RSF

SERVICES PROVIDED:




› Project management › Construction services › Architectural services procurement › Value engineering › Budget / schedule accountability › Cost control / management › Move-in / Close-out occupancy

NATIONAL RELEVANT EXPERIENCE (PARTIAL LIST)

The sale of the 354,576 SF education portfolio located in South Florida 2016 was one of the country’s largest educational-based property deals in history; it sold for a record-setting $71,480,000 ($201.60/SF) in November 2016. The five schools were located in highly desirable growth markets and operated by nationally-recognized charter school operators. The schools had an average of 17 years remaining on their lease commitments and ranged in size from 46,418 square feet to 74,992 square feet. Properties ranged from 2.06 to 17.4 acres.

5 FLORIDA CHARTER SCHOOL PORTFOLIO SALE

Thomas Cooley Law School’s challenge was to find or build a building in a campus setting within two miles of the Oakland University campus. This site would also have to offer the ability to build student housing at a later date, if necessary. The school chose to purchase a building owned by the former Chrysler Corporation. It renovated the existing 67,000 square foot building and constructed an adjacent twin building. The site sits on 67 acres of land that will allow them to build additional housing or parcel for sale. The client’s needs were met from a timing and future land use standpoint. The unique property will serve the law school well for many years. Due to the distressed market, very favorable financial results were achieved for the law school and ultimately their 120,000 square foot facility.

THOMAS COOLEY LAW SCHOOL AUBURN HILLS,

MICHIGAN

SOUTH FLORIDA

FL

MI



DePaul University was trying to expand their computer services, telecommunications and information systems school as well as their administration area. By understanding the market and the “shadow spaces” that were available in the market, Colliers secured space for DePaul allowing them to expand their computer science school in the campus environment and address their shortfall of administrative space, find them space that was easily convertible for their use allowing them to meet their tight time frame, and procure them space at rates that were $5.00-$6.00 per square foot below market.

DEPAUL UNIVERSITY

CHICAGO, ILLINOIS

National-Louis University’s downtown campus site at 18 South Michigan was too small, physically antiquated beyond the useful life of the property, and enrollments were declining. Colliers was retained to manage the entire analysis and solution identification program submitting 31 sites over a two year period. NLU secured tax exempt interest in the 171,000 SF portion of the building and buy/sell rights for the balance of the building or its space, in the future. Colliers guided the execution of a turn key build out of space, ahead of schedule and under budget and expedited their permit (3.5 weeks from issuance of permit drawings to issuance of permit), which saved NLU $1.0 million in construction acceleration costs. NLU financed the project with tax exempt bonds at 5.1% interest, all in debt service costs / SF = $10.74.

NATIONAL-LOUIS UNIVERSITY CHICAGO,

ILLINOIS

IL

IL

› Project: 45,000 SF lease › Access to capital: Had landlord finance all tenant improvements and give 6 months free rent.

› 5 year lease › Mapping and demographics

INTERNATIONAL COMMUNITY SCHOOL

ALPHARETTA, GEORGIA

› Project: 38,000 SF purchase › Construction: $6.0 MM > Build out expense › Access to Capital: Colliers conducted a competitive RFP process resulting in over $1.0MM of savings over a 5 year hold period.

› Mapping and demographics

FULTON ACADEMY OF SCIENCE AND TECHNOLOGY (FAST)

ALPHARETTA, GEORGIA

› Project: 60,000 SF lease renewal elementary school › New construction: $8.3MM expansion for Middle School › Access to capital: Colliers arranged lease renewal and financing through the school district resulting in a 30 year fixed bond at 3% annual interest


RIVERVIEW CHARTER SCHOOL

BEAUFORT, S. CAROLINA

› Project: 120,000 SF purchase › Construction: $6.0MM Build out › Access to Capital: Colliers helped arrange $16.0MM bond purchase through Hamlin Capital while bond market closed in Georgia.


INTERNATIONAL ACADEMY OF SMYRNA

SMYRNA, GEORGIA

› Project: 22,400 SF lease renegotiation / ownership restructure › Construction › Management › Lease restructure resulted in a savings of more than $1M › Mapping and demographics

ARCHWAY CLASSICAL ACADEMY

SCOTTSDALE, ARIZONA

SC

GA

GA

GA

AZ



› Project: 110,000 SF lease & purchase › Construction: Build 60,000 SF 2nd school › Access to capital: Colliers assisted CSUSA in leasing, purchasing and financing $25MM for 2 buildings.


CHEROKEE CHARTER ACADEMY

FORT LAUDERDALE, FLORIDA

› Project: Consulting project to acquire 43,000 SF building › Access to Capital: Bank/CDFI or bond what started as a consulting/structure project morphed into a finance and possible development project


KIPP VALLEY TECH

ALBANY, NEW YORK

› Owner representative (Arthur Oderio) › Lease to Legacy Traditional Schools exercised their option to purchase the facility for $8,200,000

› Leased 5/1/2016 › Lease consideration: $16,200,000

HILLCRESTPEORIA, ARIZONA

› Seller representative (Tesseract Foundation) › Private investor was the buyer in the transaction › Sold 12/17/2015 › Sale Price: $6,125,000

TESSERACTPHOENIX, ARIZONA

FL

NY

› Seller representative (Fenway Properties) › Private investor was the buyer in the transaction › Sold 12/12/2016 › Sale Price: $9,500,000

LAUREN’S INSTITUTE FOR EDUCATION

GILBERT, ARIZONA

AZ

AZ

AZ

Location: Iowa Purchase Price: $51,000,000 Square Footage: 210,000 SF Price/SF: $238/SF CAP Rate: 6.5%

The Colliers team represented ownership by completing a competitive bidding process. The buyer was selected after a very aggressive bidding process and the ability to have a more expansive relationship with future take-outs and construction funding.

THE UNIVERSITY OF IOWAIA

Location: Arizona Purchase Price: $9,991,975 Square Footage: 42,000 SF Price/SF: $238/SF CAP Rate: 7.5%

The Colliers team completed the sale of a non-investment grade tenant that also involved a loan assumption. The process involved a competitive marketing environment that concluded in a successful sale. The buyer was based out of Canada. The developer retained property management services.

UNIVERSITY OF PHOENIXAZ

Location: Iowa Square Footage: 486,000 SF Land Area: 158 acres

The Colliers team completed the sale-leaseback on behalf of Bridgepoint Education. Total transaction time was 40 days from being awarded the assignment. Buyer was a private investment group based in Portland, OR.

ASHFORD UNIVERSITYIA



EDUCATION SERVICES GROUP

› Arizona State University

› Ashford University

› Associated Colleges of the Midwest

› Bridgepoint Education

› British School of Chicago

› Chicago Children’s Choir

› Columbia College

› Dallas County Community College

› DePaul University

› El Centro College

› Flashpoint Academy

› Fordham University

› George Fox University

› Grand Canyon University

› Great Hearts Academies

› Ida Crown Jewish Academy

› Indiana Tech

› ITT Institute of Design

› Kaplan

› Kendall College

› KIPP

› Knowledge Learning Corporation

› Legacy Traditional Schools

› National-Louis University

› Nord Anglia Education

› Northern Arizona University

› Pacific Northwest College of Art

› The Associated Colleges of Illinois

› The Thomas M. Cooley Law School

› Training Connection

› University of Iowa

› University of Phoenix

› Western States Chiropractic College

› Westwood College

Our Clients (partial list)

EST. 2010

Preparatory AcademyGlendale

Est. 2007

COLLIERS INTERNATIONAL EDUCATIONAL SERVICES | 2014 | THE COLLIERS INTERNATIONAL ADVANTAGECOLLIERS INTERNATIONAL EDUCATION SERVICES | 20

EDUCATION SERVICES GROUP MAP

-Abraham Lincoln

THE BEST WAY TO PREDICT YOUR FUTURE IS TO CREATE IT.“ “


Our mission is to make GIS more accessible, valuable, and widely utilized in order to positively impact the real estate industry. We strive for the highest quality, and emphasize outstanding customer service en route to accomplishing this mission.

Map data and elements are not limited to any particular category or type of map. All data can be combined, layered, and displayed in countless ways to create different visual effects, different analysis, and to convey different information. Any data with a geographic component can be displayed on a map.

With a long-standing history and a worldwide network of resources through Colliers International, we provide local commercial real estate expertise and a global reach that is unique to this market.

We tailor our comprehensive knowledge and fully-integrated suite of services to successfully address the ever-evolving needs of each unique client, all while applying the passion and integrity we are known for.

GEOGRAPHIC INFORMATION SYSTEMS

Colliers GIS is a full service geographic consulting and mapping group. We provide cartographic, demographic, and analytic products and services to Colliers professionals, affiliates, and partners; and directly to clients and other companies.

Campus Locations


DATA ELEMENTS › Charter school saturation analysis › Streets, highways, political boundaries, zip codes, etc. › Demographic data; current year estimates, and 5-year projections › Segmentation data › Aerial photography (not available in all areas) › Business and employee summary data by SIC and occupation type › Consumer expenditure and sales potential data by product and store type › Drive time and drive distance polygons › Traffic counts › Commercial real estate data

› Building and business locations › Government / municipal data (as available) › Client / broker supplied data (i.e. spreadsheets, photos, trade areas, etc.)

Preparatory AcademyGlendale

Est. 2007


TODD NOEL, CCIMExecutive Vice PresidentNational Director - Education Services GroupDIR +1 602 222 [email protected]

COLLIERS INTERNATIONAL2390 E. Camelback Rd. Suite 100Phoenix, Arizona 85016 MAIN +1 602 222 5000www.colliers.com/greaterphoenix

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2017. All rights reserved.

colliers international education services group · colliers education services group is the leading...

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