Student Housing Business is the voice of the student housing industry.
Issue link: https://studenthousingbusiness.epubxp.com/i/616872
VIE W FROM THE ACADEME NOVEMBER/DECEMBER 2015 STUDENT HOUSING BUSINESS .COM 96 traditional residence halls with about 600 beds of suite-style and 400 beds of apartment-style liv- ing. The apartments were very dated inventory from 1964. Currently, for fall 2016, we'll be at 5,900 beds with 2,600 traditional beds and 3,300 beds of suite and apartment inventory. The apartment tow- ers are newly renovated. Looking forward, we're scheduled to renovate our remaining traditional inventory between 2018 and 2024 in accordance with our housing master plan. SHB: How is the master plan progressing? Duncan: We recognized we had a need to review our facilities and plan for the future. We utilized Brailsford & Dunlavey for a portion of the activ- ity. The university then provided its own narrative to the housing master plan, identifying the need to add stock and renovate the apartment towers, which had been vacant since 2008. This provided the necessary inventory to step through the tradi- tional residence halls one at a time, and to do three gut renovations programs. SHB: How long will that renovation program last? Duncan: We started with Morgens Hall, which opened fall of 2013, and we're scheduled to com- plete this capital plan in 2024. Because our portfo- lio is vertical, high-rise structure renovations take some time. You can't compartmentalize or zone the renovation given the construction type and design of the current building systems. SHB: What will the housing stock be like in 2024? What are some of the key differences? Duncan: First, we want to have a diverse portfolio that meets the progression of students throughout their academic career — from the frst-year student that may be looking for a lot of personal interaction through traditional or suite stock, to the sopho- mores, juniors and seniors that desire greater pri- vacy through the apartment inventory. The other unique aspect of the University of Cincinnati is its focus on cooperative education and experien- tial learning. Experiential learning is a manda- tory academic experience for most of our degrees, with some disciplines requiring two or three co-op terms. We have a lot of students going in and out of housing as sophomores and juniors on a semester- by-semester basis. Our on-campus leasing protocol supports those transitions for our students. We release students from contractual obligations, and we have a secondary market of returning students from their studies elsewhere. At the end of our renovation program, we'll have a little over 6,000 beds. Right now, we foresee having enough inven- tory to support our current housing approach in terms of required housing. To consider going to a second-year live-on request, we'd need to have at least 7,500 beds, but that's not a priority for the institution at current. We like the market position at the admissions level of having a one-year live-on requirement. Around 50 percent of the freshman class is required to live on-campus. SHB: What do most students choose after living on-campus their frst year? Duncan: In the last seven years, there's been approximately 3,500 beds of purpose-built student housing created within one mile of campus. It's been a very active off-campus development mar- ket. It has been led primarily by a local developer, but there are some national groups in play here as well. Our urban market is very transient, with a lively downtown, and includes four hospitals, a zoo and an uptown area. SHB: With your new housing, how are you approaching the design so that it is modern and somewhat built for the future? Duncan: I see buildings from the inside out. How are our students going to use the space now, and in 10 or 20 years? We strive to provide them with an envelope of space that they can manage. As these buildings are utilized over the next few decades, they have to meet students' needs and be adaptable — we don't know what those needs are going to be in 20 years. That's probably one of the most com- mon challenges for an operator 10 or 20 years in. SHB: What do you like to do outside the offce, and what do you have time to do? Duncan: I've got a 13-year-old daughter and a 15-year-old son who keep me busy, but I'm a for- mer semi-pro volleyball player and I still play in my 50s against people half my age. I very much still enjoy volleyball and teaching it to others. I've become very engaged with the Disabled American Veterans. I am a disabled veteran myself. I engage with the DAV and pay tribute to those who served. SHB The University of Cincinnati's Campus Recreation Center contains student housing. Statement of Ownership, Management and Circulation 1. Publication Title: Student Housing Business 2. Publication Number: ISSN 2153-2915 3. Filing Date: 10/2/15 4. Issue frequency: Bi-monthly, plus additional issue in September. 5. Number of Issues Published Annually: 7. 6. Annual subscription price: $74. 7. Complete Mailing Address of Known Ofce of Publication: 3500 Piedmont Rd., Suite 415, Atlanta, Fulton, GA 30305-1503. Contact Person: Tammy Orr Telephone: (404) 832-8262. 8. Complete Mailing Address of Headquarters or General Business ofce of Publisher: 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305-1503. 9. Full names and complete mailing addresses of Publisher, Editor and Managing Editor: Publisher: Richard Kelley, France Media, Inc., 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305-1503. Editor: Randall Shearin, France Media, Inc., 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305-1503. Managing Editor: Scott Reid, France Media, Inc., 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305-1503. 10. Owner: Full Name: France Publications, Inc., d/b/a/ France Media, Inc.; Complete Mailing Address: 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305-1503. 11. Known bondholders, mortgagees, and other security holders own- ing 1 percent or more of total amount of bonds, mortgages, or other securities: None. 12: Tax status: n/a. 13. Publication title: Student Housing Business 14. Issue Date for Circulation Data Below: July/August 2015. 15. Extent and Nature of Circulation: A. Total number of Copies: Average No. Copies Each Issue During Preceding 12 Months: 11,976; No. Copies of Single Issue Published Nearest To Filing Date: 12,459 B. Legitimate Paid and/or requested distribution: (1) Outside county paid/requested mail subscriptions stated on PS Form 3541: Average No. Copies Each Issue During Preceding 12 Months: 7,570; No. Copies of Single Issue Published Nearest To Filing Date: 7,891. 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Total Nonrequested distribution: Average No. Copies Each Issue During Preceding 12 months: 3,898; No. Copies of Single Issue Published Nearest To Filing Date: 4,043. F. Total Distribution: Average No. Copies Each Issue During Preceding 12 Months: 11,468; No. Copies of Single Issue Published Nearest to Filing Date: 11,934. G. Copies Not Distributed: Average No. Copies Each Issue During Preceding 12 Months: 508; No. Copies of Single Issue Published Nearest To Filing Date: 525. H. Total: Average No. Copies Each Issue During Preceding 12 Months: 11,976; No. Copies of Single Issue Published Nearest to Filing Date: 12,459. I. Percent Paid and/or Requested Circulation: Average No. Copies Each Issue During Preceding 12 Months: 66%; No. Copies of Single Issue Published Nearest To Filing Date: 66%. 16. Electronic copy circulation: NR 17. Publication of statement of ownership is required and will be printed in the November/December 2015 issue of this publication. 18. Signature and Title of Editor, Publisher, Business Manager or Owner: Randall Shearin, Senior Vice President, Editorial & Operations, 10/2/15.