PATH TO RE-OPEN
Parking
Payment for on-site tickets
Seating configurations
Concessions
Queues and distancing for entrance
Staggered strategies for distancing at exits
The ADA, accessibility and other regulatory impacts of the above
value considerations
Public-private partnerships are a tried and true structure for athletic departments and potential investors
Existing real estate and underlying land is very attractive to investors
Potential catalyst for mixed-use development; creation of additional revenue streams
ATHLETIC VENUES
VALUE CONSIDERATIONS
PATH TO RE-OPEN
VALUE CONSIDERATIONS
PATH TO RE-OPEN
x
athletic venues
athletic venues
ON-CAMPUS RETAIL
path to re-open
VALUE CONSIDERATIONS
PATH TO RE-OPEN
ON-CAMPUS RETAIL
value considerations
Mixed-use assets are highly desirable to investors
Increased trend toward buyer behavior to buy online with in-store pick-up
Live, work, play environments are highly desirable to investors
VALUE CONSIDERATIONS
PATH TO RE-OPEN
x
ON-CAMPUS RETAIL
on-campus student housing
path to re-open
In addition to the common preparations in the Safe Six, on-campus housing priorities include aspects of safety and the resident experience: Visitor protocols, package and delivery protocols, re-thinking resident events and engagement; and safe move-in protocols, and new work order protocols once rooms are occupied
Consider Technology: Ensure new technology for property leasing, operations, and resident management
For more detail, consult the Cushman & Wakefield Reopening Student Housing Guidelines
VALUE CONSIDERATIONS
PATH TO RE-OPEN
on-campus student housing
value considerations
Long-term fixed demand is viewed as stable, credit-worthy, and provides lasting value for potential investors
Significant capital is waiting on the sidelines, ready to deploy for the appropriate opportunity
Investments can include renovation, new development, and existing assets
Usage of assets are still controlled by the institution
VALUE CONSIDERATIONS
PATH TO RE-OPEN
x
ON-CAMPUS STUDENT HOUSING
power plant
path to re-open
RTC Day 1 Checklist – Engineering & Maintenance:
We utilize a comprehensive checklist of facility, organization and system-level actions to prepare the building for occupation and for engineers to operate within it
Utilize “LIST” Procedure: A methodical approach to assist facilities that were completely idled and required a full restart of operations. LIST stands for Lubricate, Inspect, Sequence / Start and Track
PATH TO RE-OPEN
Power Plant
value considerations
No content - what do y ou want to do with those that have no value considerations?
VALUE CONSIDERATIONS
ASSET PATH TO RE-OPEN
x
POWER PLANT
academic space
path to re-open
Space planning for social distancing: staggered or checkerboard seating, cues for ingress, egress, circulation, and social distancing
Preparation of mechanical, water & life safety systems for reopening
Increasing cleaning frequency of high touch point areas; day cleaning; introduction of new cleaning technologies; installation of self-cleaning stations, touch-free dispensers & receptacles; audited cleaning cadences
Download the HVAC Management for Non-Healthcare
Buildings Guide
PATH TO RE-OPEN
Academic space
value considerations
No content - what do y ou want to do with those that have no value considerations?
PATH TO RE-OPEN
x
Academic Space
Performing Arts
path to re-open
For Student Instruction:
For Public Events:
PATH TO RE-OPEN
Performing Arts
value considerations
No content - what do y ou want to do with those that have no value considerations?
VALUE CONSIDERATIONS
ASSET PATH TO RE-OPEN
x
PerforminG Arts
life science
path to re-open
Lab and research spaces may already have strong cleaning protocols in place, but consider expanding those protocols to the spaces and touchpoints that workers, researchers and students must pass through before they reach highly controlled environments
VALUE CONSIDERATIONS
PATH TO RE-OPEN
life science
value considerations
Assets are capital intensive and technology evolves rapidly
Historically resilient sector with strong demand through changing times
Higher ed institution offers long-term tenant with strong credit (many single-tenant)
VALUE CONSIDERATIONS
PATH TO RE-OPEN
x
LIFE SCIENCE
data center
path to re-open
While data centers likely remained open during pandemic shutdowns, travel limitations may have limited the availability of highly skilled technicians and engineers to support specialized maintenance needs
C&W Services’ new Virtual Technician technology allows on-site team members to be aided by expert engineers at other sites, through a hands-free, head-mounted tablet. The engineers see what the on-site techs see and can to guide them through complex problems and new procedures, including placing schematics and plans within the tech’s field of vision. The system reduces the cost, risk and time of travel, and maximizes our skilled expertise across the country
VALUE CONSIDERATIONS
PATH TO RE-OPEN
data center
value considerations
Capital intensive asset with rapidly evolving technological needs
IT infrastructure is shifting due to the ever changing speed and efficiency needed for college and universities
Significant demand exists for outsourcing data center functions due to upfront and ongoing costs
Very strong interest in physical real estate from REITS and pension funds
VALUE CONSIDERATIONS
PATH TO RE-OPEN
x
data center
research park
asset path to re-open
Nothing to add here - do you want to just hide this layer?
VALUE CONSIDERATIONS
ASSET PATH TO RE-OPEN
research park
value considerations
Array of valuable mission critical real estate assets
Innovation zones, with strong location and tenant mix are increasingly popular for investors
Opportunity to diversify more assets is desirable
Institution can still control type of tenancy, incubation, etc
VALUE CONSIDERATIONS
ASSET PATH TO RE-OPEN
x
research park
vacant land
asset path to re-open
Nothing to add here - do you want to just hide this layer?
VALUE CONSIDERATIONS
ASSET PATH TO RE-OPEN
vacant land
value considerations
Highest and best use analysis can aid decision making
Valuable to investors given demand generated from institution
Proximity to campus creates strong consumer traffic potential
“Town-and-gown” development can add amenities while providing a revenue stream
VALUE CONSIDERATIONS
ASSET PATH TO RE-OPEN
x
Vacant Land
medical building
asset path to re-open
Nothing to add here - do you want to just hide this layer?
VALUE CONSIDERATIONS
ASSET PATH TO RE-OPEN
Medical building
value considerations
Unique asset type requires more capital and higher degree of management
Asset type attractive to investors given high demand for healthcare facilities
High demand for single tenant with strong credit
VALUE CONSIDERATIONS
ASSET PATH TO RE-OPEN
x
Medical OFFICE building
administrative office
path to re-open
Increasing cleaning frequency of high touch point areas; day cleaning; introduction of new cleaning technologies; installation of self-cleaning stations, touch-free dispensers and receptacles; audited cleaning cadences. Reference the Cushman & Wakefield Six Feet Office for more detail
Best practices for mail receiving and distribution
VALUE CONSIDERATIONS
PATH TO RE-OPEN
administrative office
value considerations
High demand for single tenant with strong credit
Safety and quality of higher education institution as tenant creates value
Institution transfers ownership risks, operating expenses, and capital costs to third party
VALUE CONSIDERATIONS
PATH TO RE-OPEN
x
Administrative Office
Space planning for social distancing
Planning, signage and cues for ingress, egress and
social distancing
Preparation of mechanical, water & life safety
systems for reopening
Meeting or exceeding health and safety standards set
by the CDC
New cleaning protocols for lobby, restrooms, tech room
(all working surfaces, chairs, audio/video/ sound tech equipment), audience seating (all seats, handrails),
orchestra pit (fixed musical equipment, chairs), main
stage/back stage/dressing rooms/green room (theatrical rigging, handrails, lift equipment)
Parking
Payment for on-site tickets
Seating configurations
Concessions
Queues and distancing for entrance
Staggered strategies for distancing at exits
The ADA, accessibility and other regulatory impacts
of the above
Planning, signage and cues for ingress, egress, and in-store circulation and social distancing
Installation of safeguards (e.g. plexiglass)
Develop a sanitization/disinfectant strategy and ongoing cleaning standards
Signage programs to communicate to customers
Best practices for product handling or checkout, shipping and receiving
Protocols for online pre-payment and procedures for on-site payment
Best Practice example for course textbook rentals and returns
New Rentals:
Returns:
Expand use of eBooks at same or lower cost of hard copies
For hard copies, only accept online orders at this time
Orders to be made available for curb-side pick-up, or they can be shipped
direct to student
Limit the days and times that rented textbooks can be returned
Books to be dropped off at designated covered location just outside the bookstore doors
No books will be accepted on rainy days
Anyone dropping off books must wear a face covering and practice social distancing
No receipts will change hands. Check-in confirmations will be sent via email
Checked-in books will be “quarantined” for three days to protect Bookstore staff
Reference the Cushman & Wakefield Safe Six Retail Checklist for more detail
Myriad of issues affect safe reopening of stadiums and event venues, including:
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