Stichting StudentenHuisvesting Remco de Maaijer April 3 rd 2014

1. Stichting StudentenHuisvestingRemco de Maaijer April 3rd 2014

2. SSH SSH = Stichting StudentenHuisvesting = Student Housing Foundation Dutch housing corporation, primarily targeted to provide affordable accommodation for students Founded in 1956 as a division of Utrecht University Now a modern real estate business and service provider, working independently at its own expense and risk An independent private non-profit organization, the legal framework of which is set up by the government Currently active in Utrecht (including Bunnik and Zeist), Amersfoort, Rotterdam, Tilburg, Maastricht and Zwolle (including Kampen) Starting autumn 2014 also in Groningen

3. SSH (continued) 100 employees 16.000 rooms and apartments/studios Total assets € 1/3 billion Total economic value € 2/3 billion Average economic value of dwellings € 80.000 Total turnover € 45 million/year … of which rent € 30 million/year Average room rent € 272/month Average apartment/studio rent € 357/month Furnished (about 3.000) and unfurnished (about 13.000) rooms and apartments/studios Full or limited service, shared or ensuite facilities On campus (about 2.000) or off campus (about 14.000) Dwellings are either property of SSH (about 10.000), or of other housing corporations, private investors or institutional investors (about 6.000)

4. Our rooms and apartments

5. What we do Make available furnished or unfurnished accommodation to students, researchers, professors, trainees, sports people and employees who wish to temporarily live in another city Organize accommodation from start to finish; from the initial stage of reservation up to and including the overall management of apartment buildings Each stage of this process is accomplished with the help of specialized staff, specific procedures and specially designed software; in 2013-2014 this software is being renewed, as is our website Make sure to provide first-class and intensive management in order to meet the constant demands of a high tenancy turn-over Monitor, preserve and improve the quality of both buildings and service Maintain direct contact with the tenants Adapt to prevalent needs: our service is flexible and may be expanded if so desired Offer security; we make clear and explicit agreements so that there will be no financial surprises As from April 2013, SSH offers integrated digital services

6. Capital funding How do we acquire this accommodation? All of our own building projects are funded under WSW-guarantee WSW = Waarborgfonds Sociale Woningbouw = Social Housing Guarantee Fund) guarantees private loans made available to us As well as the primary security, which comprises the assets of the housing associations, and the secondary security, which comprises WSW’s capital, it is important for lenders that there is also a tertiary form of security. This comprises: central government backstop (50%) municipalities’ backstop (50%) All of our other projects are funded by housing corporations, private investors or institutional investors

7. Capital funding (continued) ownerandsupplier accommodation service provider andsupplier (VAT) accommodation lessee and lessor accommodation

8. How we cooperate (risk management) (preferred) supplier accommodation service provider reservedaccommodation landlady (guaranteed) reservedaccommodation

9. Management (accounts 2012) Maintenance € 837/dwelling/year Renovation + sustainability € 0/dwelling/year Refurbishment and upgrade schedules WSW-regulations: life cycle maximum 50 years + maximum 50 years + etc. Furnished dwellings are inspected every 5 years, if need be we: renew inventory/furniture redo paintwork perform minor repairs This requires the dwelling to be unoccupied for a period of two weeks up to one month Operating costs € 578/dwelling/year Welfare and activity support € 920/dwelling/year

10. Questions? Remco de Maaijer E remcodemaaijer@sshxl.nl T 030 – 25 25 787 M 06 – 52 53 53 81 T @Maaijer I www.sshxl.nl