NAPA VALLEY COLLEGE

Campus Housing ExplorationApril 11, 2019

THE SCION GROUP

+5 billion of new/renovated student housing facilities has

resulted from our advisory services

Worked with 200+ campus markets throughout North

America

Benchmarks from ownership and management of over

54,000 student housing beds

Proven collaborative processes

Well-respected and trusted in the market

Offices in Irvine, California; Chicago, Illinois; Dallas,

Texas; & Toronto, Canada

Campus housing – Only focus since 1999

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ENGAGED PROCESS

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Campus-driven analyses to quantitatively and

qualitatively assess demand for on-campus

housing

Listening & analytics includes:

- Data Review

- Campus Tour

- Stakeholder Meetings

- Student Survey

- Faculty/Staff Survey

- Focus Groups/Whiteboard Sessions

- Off-Campus Rental Market Analysis

- Demand Analysis

I’d love to live on campus, but it all comes down to cost.”

- NVC Student

“

COLLEGE PARTICIPATION

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Students, Faculty and Staff

President Ronald Kraft

Asst. Superintendent, Vice President of

Academic Affairs, Erik Shearer

Asst. Superintendent, Vice President of

Administrative Services. Robert Parker

Asst. Superintendent, Vice President of

Student Affairs, Oscar DeHaro

Executive Director of Human Resources,

Charo Albarran

Executive Coordinator, Katherine Kittel

Director of Facilities Services, Matt Christensen

Athletic Director, Jerry Dunlap

Faculty Representatives, Forest, Kristie, Eileen,

Melinda

Academic Senate,

Amanda Badgett and Faye Smyle

HOUSING STUDY GOALS

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Student Housing Demand?

Unit Preferences?

Faculty/Staff Housing Demand?

Unit Preferences?

Rent Tolerances?

College Readiness?

Risk and Return?

Off-Campus Rents?

YOUR CAMPUS

NAPA VALLEY COLLEGE

Institution type

Two-year public community college with three campuses.

Offers certificate & associates degrees.

Urban adjacent, but not urban.

Mission

Prepares students for evolving roles in a diverse, dynamic,

and interdependent world.

Committed to student achievement through high-quality programs

and services.

Student Population

1,824 Full Time &

3,600 Part Time Students.

Average age: All 25; FT 22.

“There is no typical

Napa Valley College

Student.”

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Housing Costs

California is the 3rd most expensive state for cost of living.

No affordable choices in the nearby local rental market.

Housing insecurity.

Recruiting and Retention

80% of students believe campus housing is important in recruiting and

retaining students.

60% of faculty/staff believe workforce housing is important in attracting and retaining qualified faculty and staff .

Faculty, Staff, Community Engagement

More involvement in campus activities.

Faculty-student interactions increase.

Opportunities to strengthen relationships with the community.

WHY HOUSING, WHY NOW?

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STRATEGIC OBJECTIVES

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Provide an affordable, quality on-campus living

experience

Promote an even more engaged and diverse

population

Enhance campus engagement

Support recruitment and retention of students,

faculty and staff

Extend campus integration with the community

WHAT WE HEARD

FOCUS GROUPS

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“I live in a 2 bedroom

apartment with

5 other guys.”

“I’m happy living at

home and

not paying any rent.”

“I’d love to live on

campus, but it all

comes down to

cost.”

“If housing were

available,

the student body

might be

more diverse.”

“I would like to work

in Napa but it’s really

difficult with my

current commute.”

WHITE BOARD SESSIONS

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“I love my family, but it would be

great to move out of the house if I could afford it.”

“There is not a lot to do on campus.”

“My commute, especially the

traffic, is really frustrating.”

“It would be

strange to live

too close to my

professors.”

“The location and

type of apartment

is important, I like

my privacy, but it

really depends on

what I can

afford.”

STAKEHOLDER MEETINGS

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“This first project must be ‘right’ or else we lose opportunities of future

support.”

“Some student athletes have left once

they realize how expensive housing is.”

“I have concerns about the logistics and hidden

costs of campus housing.”

“Faculty cannot engagestudents if they live over

an hour away and students cannot engage each other

and faculty if they also have a long commute.”

“We should be a social and cultural hub of the

community.”

STUDENT SURVEY HIGHLIGHTS

Survey sent to all students

679 survey responses

- 47% Part-time (1-11 units)

- 53% Full-time (12+ units)

53% of single students and 73% of

married/family students would consider campus

housing if it were offered

Out of 314 part-time students, 41% would take

12+ units with housing

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FACULTY AND STAFF SURVEY HIGHLIGHTS

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Survey sent to all faculty and staff

195 survey responses

41% would consider and another 41% might

consider campus housing if it were offered

60% believe offering housing is important in

attracting and retaining faculty and staff in the

future

T R A D I T I O N A L - S I N G L E T R A D I T I O N A L - D O U B L E

$900 per month $750 per month per person

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Student Housing Floor Plans with Tested Rents

HOUSING PLAN

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Student Housing Floor Plans with Tested Rents

HOUSING PLAN

S E M I S U I T E - S I N G L E S E M I - S U I T E D O U B L E

$1,050 per Month, per Person $900 per Month, per Person

S T U D I O 2 B E D R O O M1 B E D R O O M

$1,150 per Month $1,300 per Month $900 per Month, per Person

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Student Housing Floor Plans with Tested Rents

HOUSING PLAN

S T U D I O 2 B E D R O O M

1 B E D R O O M 3 B E D R O O M

$1,200 per Month

$1,400 per Month

$1,900 per Month

$2,200 per Month

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Faculty-Staff Housing Apartment Floor Plans with Tested Rents

HOUSING PLAN

STUDENT DEMAND FINDINGS

NVC Student Demand by Capture Rate

Capture Rate 2019

50% 311

60% 373

70% 435

NVC Unit Type Preferences

Unit Type Preference %

Traditional Double

$750/month20%

Single Occupancy Semi-Suite

$1,050/month5%

Double Occupancy Semi-Suite

$900/month8%

Studio Apartment

$1,150/month22%

One-Bedroom Apartment

$1,300/month12%

Two-Bedroom Apartment

$900/month33%

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STUDENT DEMAND FINDINGS

Sufficient Demand

• Scion determined there is sufficient demand(greater than 300 beds) to potentially attract developer interest for student housing on or near the Napa Valley College campus

• Tested Unit Types Include:

• Traditional Room (Double Occupancy)

• Semi-suite (Single Occupancy)

• Semi-suite (Double Occupancy)

• Studio Apartment

• One-Bedroom Apartment (Single Occupancy)

• Two-Bedroom Apartment (Single Occupancy)

Factors included in Demand Methodology

• Enrollment trends and figures

• Student current place of residence

• Indicated interest in Napa Valley College affiliated

housing

• Cost tolerance of students

• Student age

• Capture rate

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FACULTY AND STAFF DEMAND FINDINGS

NVC Faculty and Staff Demand

by Capture Rate

Capture Rate 2019

50% 46

60% 55

70% 64

NVC Unit Type Preferences

Unit Type Preference %

Studio Apartment

$1,200/month17%

One-Bedroom Apartment

$1,400/month35%

Two-Bedroom Apartment

$1,900/month35%

Three-Bedroom Apartment

$2,200/month12%

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FACULTY AND STAFF DEMAND FINDINGS

Sufficient Demand

• Scion determined that there is potential to reach sufficient demand to potentially attract developer interest for faculty, and staff housing on or near the Napa Valley College campus

• Tested Unit Types Include:

• Studio Apartment

• One-Bedroom Apartment

• Two-Bedroom Apartment

• Three-Bedroom Apartment

Factors included in Demand Methodology

• Faculty and staff trends and figures

• Enrollment trends and figures

• Current place of residence

• Indicated interest in Napa Valley College affiliated

housing

• Cost tolerance

• Capture rate

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LOCAL REPRESENTATIVE RENTAL RATES*

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One Bedroom Average: $1,722

Two Bedroom Average: $2,142

Examples of Representative Apartments

- Saratoga Downs, Napa

- Canyon Ridge, American Canyon / Vallejo

- Waterscape, Fairfield / Suisun City

*Survey of 35+ apartment buildings in Napa, Sonoma, American Canyon, Vallejo, Fairfield, Suisun City

STUDENT HOUSING AT JUNIOR COLLEGES/COMMUNITY COLLEGES

As of 2017, approximately 28% of community colleges in the US offer

housing

11 California Community Colleges offer student housing,

the 12th broke ground last fall

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STUDENT HOUSING ACADEMIC & LEARNING OUTCOMES

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Students in campus housing demonstrate higher:

Graduation rates Levels of academic and

social engagementPersistence and

retention rates

Average GPAs

BENEFITS OF STUDENT HOUSING

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Students in campus housing enjoy other benefits,

including:

- Improved peer interactions

- Increased diversity

- More mentorship

- More campus pride

- Convenience

- Lower costs than comparable market rate

housing options

- More community engagement and sense of

belonging

ADVANCEMENT

MARKET AND DEMAND AND FINANCIAL ANALYSIS

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4.22 Financial Analysis Workshop (on-campus meeting)

4.29 Draft Market and Demand Analysis and Financial Analysis

5.3 Comments on the Draft Market and Demand Analysis and Financial Analysis

5.8 Open forums

5.9 Board working session

Jun

2019

Aug

2022

Jul

2019

Approval of selected developer: June 2019

Pre-development agreement negotiations: June - July 2019

Approval of pre-development agreement and execution: August 2019

Development Agreements negotiations and execution:

August 2019 - December 2020

Construction: January 2021 - June 2022

Move in: August 2022

Financial Close: January 2021

ADVANCEMENT

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Dec

2020

Aug

2019Jan

2021

Jun

2022

Design and DSA Approval: August 2019 - December 2020

Groundbreaking: January 2021

THANK YOU