2010 Fall Webinar Series

Transcription

1 2010 Christian Brothers Services, Romeoville, IL. All Rights Reserved Fall Webinar Series 2010 Christian Brothers Services, Romeoville, IL. All Rights Reserved. No part of this presentation may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of Christian Brothers Services. Christian Brothers Risk Management Services Real Estate Decisions Facing Religious Organizations September 23, FALL WEBINAR SERIES Opening Prayer Creator God, through your world and people that surround us, we pray that we may grow more aware this day of your life giving presence. Open our minds and hearts to apply the knowledge from today s webinar for the good of all. We ask these things in Jesus Name. Amen

2 Christian Brothers Risk Management Services Real Estate Decisions Facing Religious Organizations William Lichwalla President and CEO Plante Moran CRESA Carolina Furnari Senior Real Estate Consultant Plante Moran CRESA 2010 FALL WEBINAR SERIES Christian Brothers Risk Management Services Real Estate Decisions Facing Religious Organizations Alicia Washeleski, LEED AP Senior Project Manager Plante Moran CRESA Tom Zimmer Vice President Religious Practice Plante Moran CRESA 2010 FALL WEBINAR SERIES A formal collaboration built upon a foundation of service and integrity

3 Real Estate Decisions Facing Religious Organizations Thursday, September 23, 2010 Our Perspective Plante Moran CRESA is a fully integrated real estate consulting firm exclusively for users of space. We offer unbiased and sophisticated counsel through the resources of a real estate department for hire to organizations, looking to: Lease Buy Build Develop a strategy Our Perspective Our affiliations make us stronger Plante & Moran, PLLC 12th largest consulting firm in the U.S. 207 Partners and 1600 staff Fortune Magazine Top 100 Companies to work for 12 years running Integrated practice approach by industry Cresa Partners Largest tenant representation firm in the U.S. 50 location in the largest U.S. markets

4 Industries We Serve Our Range PLANTE MORAN GLOBAL SERVICES TECHNOLOGY Accounting, Audit, & Tax Health Care Planning HEALTH & HUMAN SERVICES Subleases & Dispositions Transaction Management Membership Projections Future Planning Facilities Consulting Project Management Retirement Planning Operational Reviews Site Selection & Incentives Strategic Planning Reconfiguration & Organizational Assistance Licensure Assessments & Submissions Relocation Planning & Management Lease Administration Our Perspective What We Do Strategic planning Project feasibility Site selection Incentives Buyer representation Tenant representation Project management Lease administration Capital markets Asset positioning What We Don t Do Represent landlords or buildings Own real estate Design facilities Construct buildings

5 Retirement Services Representative Health & Human Services Profile Financial Services Accounting & Auditing Forecasts/Projections Investment Monitoring, Analysis, And Related Services Debt Restructuring Budgets Tax Planning Strategic & Business Planning Governance Development Alliance & Collaboration Development Mergers & Acquisitions Service Integration Due Diligence/Valuations Information Technology Telecommunications Technology Planning Information System Selection & Implementation Intranet & Website Development Office Technology Management Retirement Services Cost Analysis Clinical Reviews Operational Assessments Financial & Market Feasibility Survey & Enforcement Corporate compliance Cost reporting Reimbursement Change Management Culture Assessment Culture Integration/Transformation Surveys And Focus Groups Communications Planning And Implementation Human Resources Compensation Design Performance Management Programs Human Resource Employee Surveys Employee Benefits Psychological Assessment Outplacement Counseling Religious Communities Process Overview Hopes, fears and dreams Ministry priority Demographic and financial forecasting TRENDS Facility Assessment Care delivery planning and assessment Reimbursement Facility condition assessment Real estate evaluation Identify options Feedback Communication Consensus Building Short List Options Capital Planning Project Feasibility Communication Decision Monitor Progress Identify Resources Project Management/ Owner Representation Asset Management Environmental sustainability Developer collaboration Lease Management Move Management Communication A Delicate Balance 15

6 Managing Change Analysis Priorities Choices Discernment Reluctance Sadness Fear Data Needs & Hopes Expectations Constraints Opportunities Giving Thanks Seeking Guidance Recognition History Experience Symbolism Purpose Acknowledgement Grieving Letting Go Moving Forward Leadership s Role: Managing Expectations Communication Change Agents Resources 16 Religious Communities Decision Considerations Demographics By Care Level

7 Membership Level Facility Condition Assessments High level review of the following: Architectural elements and building codes Mechanical systems Electrical systems Energy and environmental sustainability Security and communications systems Facility Condition Assessments Our evaluation would help you categorize capital spending into: Critical needs Deferred maintenance Property enhancement Life safety

8 Environmental Sustainability LEED accredited professionals help: Reduce your carbon footprint Lower operating costs and increase asset value Build, renovate, or make improvements that will create a healthier and safer environment for occupants Assess and improve environmental impact What impact do your operations, current facilities, and construction projects have on the environment? If Sell Disposition Considerations Possible Sell Operating Costs Hold Possible Property Value Real Estate Value Low Low Cost to Complete Property Value High High

9 Sell As Is Quick Sale Purchaser acquires property after physical inspection, without gaining any approvals: Property Due Diligence Low Fast Low If Sell Real Estate Continuum Sell With Contingencies Joint Venture Purchaser Funds, Manages Enter partnership with Development and Sale Closes when developer. Developer funds and Development is Complete: managers project. Seller gets a percentage of the sale proceeds: Property Due Diligence Zoning Site Plan Approval Utilities Incentives Infrastructure Seller Risk Time to Closing Sale Price Property Due Diligence Zoning Site Plan Approval Utilities Incentives Infrastructure Approvals Infrastructure Development (Roads, etc.) Marketing Self Develop Seller Funds, Manages Development and Closes on Sale When Development is Complete: Property Due Diligence Zoning Site Plan Approval Utilities Incentives Infrastructure Approvals Infrastructure Development (Roads, etc.) Marketing High Slow High If Build/Renovate Delivery Method Advantages Disadvantages General Contractor Architect Owner General Contractor Familiar delivery method Competitive bid Checks and balances between architect and contractor Quality Changes increase cost Timeline longer Reduced Collaboration w Architect Construction Manager Owner Architect CMA Contractor(s) Design Build Owner Contractor Qualification based selection Team concept Owner selects architect and contractors Checks and balances between architect and contractor Qualification based selection Team concept Single point of responsibility Final price not established until bids awarded (Open Checkbook) Not responsible for budget and schedule overruns No single point of responsibility No checks and balances between contractor and architect Must select a team Difficult to control Architect Subcontractor(s) Project Responsibilities Most organizations have limited experience and expertise managing the many complexities of a capital project.

10 Questions QUESTIONS For more information on Christian Brothers Real Estate Services Contact Roger Duffield x 2542 roger.duffield@cbservices.org For more information on Christian Brothers Risk Management Services or for a link to handouts for today s webinar Laura Hart at laura.hart@cbservices.org x 3054

11 2010 Christian Brothers Services, Romeoville, IL. All Rights Reserved Christian Brothers Services, Romeoville, IL. All Rights Reserved. No part of this presentation may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of Christian Brothers Services.