UW Real Estate we help people who change the world CoreNet Seattle - - PowerPoint PPT Presentation

UW Real Estate

we help people who change the world

CoreNet Seattle Discovery Forum

October 6, 2014

Global Education Research & Service

Peru Mozambique Kenya León Timor Sub-Saharan Africa

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• CFAR—Center for Aids Research
• Global WACh—Women, Adolescents, & Children’s health
• GHRC—Global Health Resource Center
• HAI—Health Alliance International
• IHME—Institute for Health Metrics and Evaluation
• ICRC—International Clinical Research Center
• I-TECH—International Training & Education Center for Health

UW Affiliated Global Centers

in health and medicine

UW Affiliated Global Programs

in health and medicine

• Climate Change & Global Health
• DCPN—Disease Control Priorities Network
• EDGH—Dept of Global Health E-learning
• Global Medicines—low income access to medicine
• Global Injury and Violence Prevention
• East Africa Diploma Course in Tropical Medicine
• PRIME-K—Partnership for Medical Education & Research in Kenya
• PERLA—Program in Education & Research in Latin America
• IARTP—International Aids Research & Training Program
• SCOPE—Strengthening HIV/Aids Care Opportunities Partnership in Ethiopia
• START—Strategic Analysis, Research & Training for students in-country
• TREE—Treatment Research & Expert Education in resource-limited countries.

University of Washington

• 3 campuses
• 53,072 students
• 23,200 faculty and staff
• $1.4 billion research grants and contracts

– More than any other U.S. public university – 2nd in federal grant revenue generated: public or private across the U.S.

• One of 5 in the U.S. to consistently make the top

25 Academic Ranking of World Universities (ARUW) currently ranked 16th out of 500.

Downtown Seattle Territorial University Founded 1861

Photo courtesy of MSCUA UW Libraries

Metropolitan Tract

Seattle Campus on Lake Washington –1891

Photo courtesy of MSCUA, UW Libraries

University of Washington

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Lake Washington Puget Sound

Lake Union Ballard

View to the West—1930’s

UW

University Properties

Total Real Estate Holdings

• 3 Campuses

– (Seattle, Bothell, Tacoma) – 20 M SF – 800 acres

• Off Campus

– Owned Buildings 3.8 M SF – Leased Buildings 1.6 M SF – Forest & Research 6,000 acres

Managed Worldwide

Campuses/Research Centers

UW Seattle UW Tacoma UW Bothell South Lake Union

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Hospitals

UW Medical Center Harborview Medical Center Valley Medical Center Northwest Hospital

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Field Stations

Friday Harbor Labs Pack Forest Olympic Natural Resources Center Big Beef Creek

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International Campuses

Italy - Rome Center Spain - Leon Center

UW Real Estate Strategy Map

UWRE Portfolio

Mission Focused/Business Driven

Process Chart

UW as Tenant

Portfolio

• $43 M/year total rent
• 1.6 M SF
• Research
• Office
• Lab
• Field Work
• Administration
• Consolidation
• Efficiency

5th & Bell Institute for Health Metrics 1616 Eastlake Laboratory Medicine

UW as Tenant

Lines of Business

Medical Care

• Regional Heart Center
• Eastside Specialty Clinics
• AirLift Northwest

Medical Research

• 8 countries in Africa
• SLU Campus

Medical Administration

• UWP/IT/Call Ctr
• WWAMI

Earth & Ocean Science

• Seismic Stations
• Ocean Observatory
• Fisheries

University Functions

• KUOW
• UWEO/PCE
• Foster School
• Visiting Scholars.

Mission—The Ocean Observatory

UW as Landlord

• $37.4 M/year total rent
• 1.8 M total SF
• Asset Management
• Property Management
• Retail Strategy
• Lease Negotiation
• Rent Collection

UW as Landlord

• Office
• Sublease
• Internal leasing
• Housing
• Student & Market Rate
• 1,000+ Units
• Retail
• Dining, Coffee
• Recreation, Services
• Clothing, Fitness
• Everything Else
• Moorage, Parking, ATM, Cell Sites
• Water Rights, Air Rights, Mineral Rights
• Access, License, Easement.

Boat Street Marina

Mission – Startup Hall

Other CRE Functions

• Gift Properties
• $3.5 M/year
• Acquire, Steward, Sell
• Purchases
• U District
• Tacoma & Bothell Campuses
• Sales
• Surplus Properties

(Wellington, Oak Tree)

• Property Rights
• Sound Transit & 520 Expansion
• Easements, ROE, License Permits

UW Real Estate Reporting

Property Profile

Cost of Space

Corporate Real Estate - Functional Organization

Strategic

Relationship Management Policies and Procedures Maximize Value Match Structure with Corp Goals

Tactical

Transaction Management Manage Service Delivery Standardized Processes Increased Depth of Services

Commodity

Service Delivery Field Execution Data Management Targeted Skill Sets

UWRE Service Partner

Vendor Mgmt Process Mgmt Transaction Mgmt Value Portfolio Management

Due Diligence Project Mgmt Service Delivery Market Data Property Management

Vendors

Strategic Focus

Source: Boeing Corporate Real Estate

Acquisition—UW Tower (Safeco) 2006

• 510,000 SF open office space
• Furniture included
• $130 million, 5 minute walk to campus

…AND

• Two parking garages with 727 stalls
• 4 surface parking lots
• Residential building with 29 units
• 3,000 sf office building.

Acquisition—UW Tower Properties

UW Tower Proximity to Campus

Maximize Acquisition Value

• Consolidate leases for efficiency and effectiveness
• Open up space for teaching on Campus
• Offset expenses, lease parking to Audi, Mazda, UDPA
• Provide secure infrastructure for Data Center
• Create home for regional Emergency Operations Center
• Unused corporate housing – Patient Family Housing
• Small office bldg — improve transportation infrastructure
• Excess land — build affordable workforce housing.

UW Tower Properties

Collegiana

Mission—Support for Patient Families

UW Tower Properties

bridges@ 11th

Ground Lease—bridges@ 11th

A partnership between UW and Children’s

UW Tower Properties

Sound Transit Station

U District Station

U District Station

Mission—Community Benefit

U District Light Rail Stations