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

Sub-Saharan Africa Global Education Research & Service Mozambique Peru Kenya León Timor 2

UW Affiliated Global Centers in health and medicine • 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 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 View to the West—1930’s N Puget Sound Ballard Lake Union UW Lake Washington

University Properties Managed Worldwide 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

Campuses/Research Centers UW Tacoma UW Seattle UW Bothell South Lake Union 11

Hospitals UW Medical Center Harborview Medical Center Valley Medical Center Northwest Hospital 12

Field Stations Friday Harbor Labs Olympic Natural Resources Center Pack Forest Big Beef Creek 13

International Campuses Spain - Leon Center Italy - Rome 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 o Lab o 5 th & Bell Field Work o Institute for Health Metrics Administration • Consolidation o 1616 Eastlake Efficiency o Laboratory Medicine

UW as Tenant Lines of Business Medical Care Earth & Ocean Science Regional Heart Center Seismic Stations • • Eastside Specialty Clinics Ocean Observatory • • AirLift Northwest Fisheries • • Medical Research University Functions 8 countries in Africa KUOW • • SLU Campus UWEO/PCE • • Foster School • Medical Administration Visiting Scholars. • UWP/IT/Call Ctr • WWAMI •

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

Mission – Startup Hall

Other CRE Functions • Gift Properties $3.5 M/year o Acquire, Steward, Sell o • Purchases U District o Tacoma & Bothell Campuses o • Sales Surplus Properties o (Wellington, Oak Tree) Property Rights • Sound Transit & 520 Expansion o Easements, ROE, License Permits o

UW Real Estate Reporting

Property Profile

Cost of Space

Corporate Real Estate - Functional Organization Strategic Relationship Management Policies and Procedures Value UWRE Maximize Value Match Structure with Corp Goals Strategic Focus Portfolio Management Tactical Transaction Management Partner Vendor Transaction Process Service Manage Service Delivery Mgmt Mgmt Mgmt Standardized Processes Increased Depth of Services Commodity Vendors Due Project Service Market Property Service Delivery Diligence Mgmt Delivery Data Management Field Execution Data Management Targeted Skill Sets 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@ 11 th

Ground Lease —bridges@ 11 th 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