180 likes | 192 Views
Explore strategic guidelines for real estate development projects including project review and financing structure to achieve real estate goals. Discuss considerations for future growth, control of landscape, cash flow, and student services programs. Learn about advantages such as tax exemptions, financing, and access to customers. Additional considerations focus on project viability, mixed-use spaces, and reliance on proformas.
E N D
Strategic Real Estate Development Margaret Jarrell Cole AVP, Admin. and Legal Counsel
Overview Real Estate Goals Financing Structure Guidelines for Developers Project Review
Goals adjacent land for future growth control of landscape cash flow student experience student services programs freshmen on campus community partner
Possible Advantages ad-valorem tax exemption tax-exempt financing access to UCF customers credibility
Additional Considerations: demand mixed use or special interest precedence with other projects reliance on proformas
Guidelines for Projects acceptable debt coverage ratios reserves predevelopment costs developer fee to foundation developer motivation land (appraisal) development fee timing
foundation vs. developer foundation vs. developer
Guidelines UCF team planning fee expenses Housing and Student Services Police Department Physical Plant, Parking, and Teledata
Guidelines security donation and match rules approval process BOD BOT BOG planning and zoning neighbors
Guidelines development agreement terms ground lease or other agreement balancing control by owners, users and investors media liability exempt organization issues
Resources balance sheet and shadow financial and legal advisors staff commitment community relations
McCulloch & Lockwood Project