If you’re contemplating developing facilities off of your main campus or under alternate transactional structures, Aegis Property Group has the expertise and experience to guide your organization through what may be unfamiliar waters.

If the short term project management needs of your capital improvement program exceed the capacity or capabilities of your in-house resources, Aegis Property Group can become an extension of your organization to execute project assignments.

Experience with traditional and non-traditional higher education projects include:

Alternate Transaction Structures/Off Campus Development

Columbia University, Princeton University, and The New York Public Library: Research Collections and Preservation Consortium (ReCAP), an off-campus consortium of the three to develop, own, and operate a state of the art library materials shelving facility with ultimate capacity for 35 million volumes
-Providing comprehensive development management services since its inception in 1999 including four phases of development
-Oversaw addition of over 5,000 photovoltaic rooftop panels that provide 367kW of generating capacity under a power purchase agreement with PPL Renewable Energy
-Negotiated terms and conditions of the power purchase agreement on behalf of ReCAP

Princeton University: 701 Carnegie Center, a 120,000 s.f. build-to-suit lease transaction for administrative offices, occupied in November 2009 and pursuing LEED Silver Certification. 701 Carnegie Center is Princeton University’s first off campus development project.
-Performed feasibility studies of own vs. lease options
-Support lease negotiations with developer
-Provided comprehensive project management services as an extension of the University Facilities organization

Feasibility Studies and Acquisition/Due Diligence Activities

University of Pennsylvania: Acquisition and analysis of Graduate Hospital real estate holdings and disposition of certain buildings and land parcels
-Due diligence
-Design oversight
-Cost estimating
-Engineering evaluation
-Feasibility study
-Disposition of several assets

University of Pennsylvania Erdman Center: 90,000 s.f. ambulatory care center currently under construction and pursuing LEED Silver Certification that will serve as a teaching facility
-Due diligence
-Site selection
-Design/approvals work

Princeton University: various assignments since 2001
-Performed studies related to the University’s policies and procedures regarding project management and environmental safety risk management on 108 buildings
-Housing master plan update

PIDC and Pennsylvania State University’s Energy Research Facility project at the Philadelphia Navy Yard
-Feasibility study
-Due diligence

Extension of in-house resources

Villanova University School of Law: 171,000 sf. law building completed in July 2009, expected to achieve LEED certification; 175,000 s.f., 600 vehicle parking garage completed in August 2007

-Developed feasibility studies and order of magnitude pricing for building options
-Project budget was fixed based on conceptual estimate established by Aegis
-Managed a design and preconstruction process controlling project scope and budget in unstable construction market

The Science Center - the oldest and largest urban incubator and science center in the world, owned by 32 colleges and academic research facilities.
-Improved efforts to maintain, develop, and expand Science Center’s real estate portfolio.