CHARTER SCHOOL SOLUTIONSMISSION DRIVEN FACILITIES & REAL ESTATE STRATEGIES

Pennsylvania Coalition of Charter SchoolsLeadership Conference

May 1, 2010

MIS / GRUBB & ELLIS: EXPERIENCE & EXPERTISE

Entrepreneurial Spirit

Expertise, Enthusiasm, & Experience with Schools

Comprehensive real estate approach and solutions that address the unique needs of educational institutions.

MIS Capital LLC / Grubb & Ellis leads, advises and assists to achieve:

• Coordination of a cost effective site search, transaction, and

development process from project vision to occupancy

• Leadership focus on educational mission and achievement

• Creation of community value and institutional permanence

&

Project Experience - Non-Profit, Education and Arts and Cultural Organizations

PROVEN TRACK RECORD

CHAD (Charter High School for Architectural Design) 125,000

Independence Charter School 70,000

Philadelphia Housing Development Corporation 68,000

Federal Community Defender Office of Eastern PA 62,000

Philadelphia Health Management Corporation (PHMC) 60,000

School District of Philadelphia 55,000

Insurance Society of Philadelphia 43,000

American Cancer Society 42,000

VNA (Relocation) 40,000

Visiting Nurse Association (Prior lease expiration) 40,000

Jenkins Memorial Law Library 35,000

Gwynedd Mercy Academy – Elementary Division 35,000

Delaware Valley Regional Planning Commission 35,000

Family Planning Council 30,000

Southeastern Mental Health Association 20,000

American Institute of Architects (AIA) 15,000

Native American Indians of the Delaware Valley 11,000

Greene Towne School 10,000

REACTIVE REAL ESTATE PROCESS

PROACTIVE REAL ESTATE PROCESS

SCHOOLLEADERSHIP

LEGAL,BUSINESS

MANAGEMENT &FACILITIES COMMITTEE

SCHOOL ORGANIZATIONAL LIFE CYCLE

Startup

Stabilization

SCHOOL ORGANIZATIONAL LIFE CYCLE

Startup

REAL ESTATE COMPONENTS

• Select Location• Negotiate Transaction• Renovate Space

REAL ESTATE COMPONENTS

• Expand in Current Space• Relocate to Larger Leased Facility

Expansion

Stabilization

Established

SCHOOL ORGANIZATIONAL LIFE CYCLE

REAL ESTATE COMPONENTS • Revaluate Space Needs After Reaching Desired Enrollment

REAL ESTATE COMPONENTS

• Evaluate Options• Ownership • Expansion• Relocation

Stabilization

Startup

Expansion

FACILITIES VISION – DISCUSSION

• Financial & Space Control

• Building Resources for Education

• Improve Visibility, Facility Amenities

• Institutional Permanence

• Commitment to Community

FACILITIES VISION – OWNERSHIP

STRATEGIC REAL ESTATE PLANNING &

SEARCH

PROJECT DEVELOPMENT &

MANAGEMENT PROCESS

VALUE ADDED APPROACH

• Assist in Formulating Project Vision:

What Should Your Ideal Facility Be?

• Assess Lease, Space Needs & Develop Program Concepts

• Financial Analysis: ▼% $ Facilities: ▲% $

Education • Create Real Estate

Opportunities with Unlisted Properties and/or Conversions

• Develop Project Budget and Real Estate Strategy

• Review and advise regarding current lease status to maintain leverage through timely and flexible amendment structure

• Select Properties that Fulfill Project Vision

• Perform Due Diligence

• Negotiate and Execute Transaction(s)

• Oversight of Design Development

and Management of Project Pricing

• Evaluate and Secure Best Financing

• Identify and Pursue Grant Opportunities with Client

• Complete Property Closing

• Construct Project On Budget & On Time

• Achieve Value (Leverage) by Linking Vision with Development Opportunities

• G&E Market Coverage / MIS

Capital Development Experience

• Effective Cost & Scope Control from Day One

• Matching People & Relationships to Benefit School

• Allow School Leadership to Retain Educational Focus

• Achieve Benefits of Institutional Permanence

• Positively Transform Communities

MIS / GRUBB & ELLIS – REAL ESTATE PROCESS OVERVIEW

CHARTER SCHOOL SOLUTIONS

Steve GendlerDavid Colman

MIS CAPITAL LLC1550 Latimer Street

Philadelphia, PA 19102