ORANGE COAST COLLEGE APRIL 26, 2016 DEVELOPMENT SERVICES FOR STUDENT HOUSING AND JOINT OCCUPANCY LEASE

MEETING AGENDA APRIL 26, 2015 College & District Introductions Vision for Student Housing Process and Project Other College Improvements Q&A Session Campus / Site Walk 2

Strategic Vision 3

STRATEGIC VISION KEY DRIVERS Importance of Housing Elements Based in Educational Mission Create a Living Lab Environment / Co-Curricular Education Become a 7-Day / Week Campus and Transition to a Residential Campus Feel Focus on All Students of OCC 4

STRATEGIC VISION KEY DRIVERS Focus on Programs to Enhance Matriculation, Student Development, & Academic Success Capitalize on Experience of Third-Party Providers for Management Projects Viewed as Revenue Sources along with Enhancements and Education Spaces Expansion of College Services is Required and Anticipated that Positive Cash Flow from Project Will Assist 5

PROJECT HISTORY Housing Previously at OCC Upon Creation Student Housing Identified in Prior OCC Master Plan Public Private Ventures Study in 2012 Identified Student Housing as Potential Land Use Option Along Adams Ave. B&D Contract in 2013 to Conduct Detailed Planning on Student Housing Housing Project Integrated into Master Facilities Plan and CEQA Process Fall 2015 6

Orange Coast College 7

ORANGE COAST COLLEGE STUDENT DEMOGRAPHICS 3.5% International 1.9% Out of State 48.4% California Within District 6.6% 41 and Older 7.1% 31 to 40 43.6% Under 21 22,134 Student Headcount 14.3% 25 to 30 24.4 Average Age 46.2% California Outside of District Residency 28.4 21 to 24 Age Source: OCC Atlas 2013-2014 8

ORANGE COAST COLLEGE STUDENT DEMOGRAPHICS 16.0% Enrichment Goal 17.8% Unknown 61.5% Completion Rate (Degree / Transfer)* 61.0% Transfer Goal 15.2% Vocational Goal Source: OCC Atlas 2013-2014 Educational Goal *Statewide completion rate is 48.1% 9

Market Analysis 10

OFF-CAMPUS ANALYSIS HOUSING PREFERENCES Average Monthly Rent Per Bed, Excluding Utilities (Fall 2013) $1,600 $1,400 $1,200 $1,314 $1,494 $1,000 $800 $600 $914 $753 $966 $877 $786 $400 $200 $0 Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom Apartments Single Family Homes Average Annual Increases Around 4.5% 11

SURVEY ANALYSIS STUDENT DEMOGRAPHICS HIGHLIGHTS 6% International 2% Out of State 92% California Resident 8% Other 9% Owned by Self/Spouse 27% Renting 83% In Potential Market 56% Living with Family Survey Conducted Fall 2013 12

SURVEY ANALYSIS PARTICIPATION house5 $638 Average Monthly Rent / Person light8 $123 Average Monthly Utilities / Person car 21 Minute Average One Way Commute Survey Conducted Fall 2013 13

SURVEY ANALYSIS HOUSING DECISION FACTORS TOP 5 coins 82% Total cost of rent and utilities educatio 39% Proximity to OCC building 38% Proximity to work library2 34% Quiet place to study connecti 32% High-speed internet Survey Conducted Fall 2013 14

SURVEY ANALYSIS KEY FACTORS OCC SHOULD CONSIDER coins 99% books 90% badge user2 89% 84% Keep housing costs affordable Survey Conducted Fall 2013 Create academically focused communities Provide modern attractive living environments Make OCC more attractive to other students 15

SURVEY ANALYSIS INTEREST AND DEMAND FOR HOUSING 83% 93% 10% Four-Bedroom (four people) 15% Efficiency (one person) CA Resident Out of State 87% 84% 1,887 Beds Maximum Potential Demand 66% Single Occupancy Bedrooms 19% One-Bedroom (one to two people) International Renting 84% 56% Two-Bedroom (two to four people) Living with Family 16

Preliminary Project 17

PRELIMINARY PROJECT Maximum of 819 Beds, Including RAs and Professional Staff Approximately 324,000 GSF 600 Parking Spaces Approximately $80M Project Cost (Excluding Financing) Desire of the College to Minimize Length of Ground Lease 18

POTENTIAL OPTIONS CONCEPTUAL SITE USE Image from Google Earth 19

POTENTIAL OPTIONS PROJECT SCALE Image from Google Earth 20

POTENTIAL OPTIONS RESIDENTIAL LIFE / HOUSING POLICIES Credit Hour Requirements GPA Requirements One Bill for Rent/Utilities Roommate Matching Individual Leases Living Learning Communities (LLCs) 10pm-8am School Nights Midnight-8am Weekends Academic Year Leases Convenience Factors Typically 2.0 GPA Minimum Quiet Hours Typically Full-Time Students Academically or Affinity Focus Housing Groups Strong Potential Tie in to Faculty & Academic Programs Student Conduct Policies / Documentation 21

Other College Projects 22

OTHER OCC PROJECTS MULTIPLE MEASURE M FUNDED PROJECTS IN PIPELINE Planetarium Recycling Center Renovation of Watson Hall New Student Union Building New Kinesiology and Athletic Facilities New Academic Building 23

Discussion 24

SOLICITATION SCHEDULE RFQ Advertised 4/12/16 Mandatory Pre-Proposal Meeting 4/26/16 Requests for Information Due 5/10/16 Submission of Qualifications Due 5/24/16 Identification of Short List On or Around 6/17/16 RFP Distribution to Short List 6/20/16 Proposals Due 8/26/16 Interviews and Campus Visits 9/2016 25

ORANGE COAST COLLEGE APRIL 26, 2016 DEVELOPMENT SERVICES FOR STUDENT HOUSING AND JOINT OCCUPANCY LEASE