1. North Campus Apartments RFQ Developer Meeting & Site Walk April 10, 2002

2. Agenda Sign-In Presentations Introduction Overview of Campus Growth / Plans / Site Student Housing Overview Design Content Process Summary and Requirements Questions & Answers Site Walk

3. INTRODUCTION

4. Project Goals Development, Ownership and Management of 900 to 1,400 Apartment Beds on Ground Leased Land Rental Rates Comparable to Campus Apartments Delivery by September 1, 2005 Architecturally Appealing

5. Project Goals High Quality Construction First Class Maintenance and Operation Experienced Property Management Ground Rent

6. Review Criteria Understanding of Project Goals Prior Experience of Development Team Financial Capacity of Developer Qualifications of Architect Preliminary Ownership Structure and Financing Plan Preliminary Schedule Preliminary Pro Formas Including Ground Rent

7. OVERVIEW OF CAMPUS GROWTH / PLANS / SITE

9. SCRIPPS INSTITUTION OF OCEANOGRAPHY WEST CAMPUS EAST CAMPUS BLACKHORSE FARMS TORREY PINES CENTER SCRIPPS COASTAL RESERVE LA JOLLA DEL SOL UCSDS 1,200 Acres Include

10. UC General Campus Enrollments (FTE) 2001-02 & 2010-11 Levels Campus Budgeted 2001-02 Target 2010-11Difference% Growth % of System Growth Berkeley29,30031,8002,5009%5% Davis22,70026,4003,70016%8% Irvine19,20027,6008,40044%18% Los Angeles30,00032,9002,90010%6% Merced06,000 NA13% Riverside12,80019,9007,10055%16% San Diego19,30027,6008,30043%18% Santa Barbara19,60021,9002,30012%5% Santa Cruz12,50016,9004,40035%10% UC Total165,400211,00045,60028%100%

11. UCSD General Campus Enrollments (FTE) Annual Average Increments Enrollments Decade

12. 2,908,000 ASF

13. 5,995,000 ASF

14. 11,890,000 ASF

15. 1989 UCSD Long Range Development Plan

16. Environmental Review Developer Responsible for Preparing a CEQA Document in Coordination with UCSD Typical Issues Traffic Parking Noise Visual Quality Land Use Compatibility Hydrology Air Quality CEQA Document Produced by Consultants Prequalified by UCSD CEQA Document Certified by UC Regents

17. UCSD Master Plan Neighborhoods PROJECT SITE

18. Proposed North Campus Ground Lease Housing Site

19. STUDENT HOUSING OVERVIEW

20. Campus Housing Type Number Housed Percent of Enrollment Undergrads 5,56432% (#2 in system) Grad/Med 1,48336% (#1 in system) Faculty 268N/A Staff 82N/A

21. Housing Development Sixth Revelle Marshall Muir Warren I-5 Ocean Future site School of Med Housing Future site Revelle Apts Future site Muir Apts Future site Marshall Apts Future site Roosevelt College Future site North Campus Housing Future site Sixth College Residence Halls Future site East Campus Housing La Jolla Del Sol Grad Apts Mesa Coast Apts

22. Scheduled to open Fall 2003 $106 million to build 1,240 bed spaces Eleanor Roosevelt College

23. DESIGN CONTENT

24. Design and Architectural Context Recognition of the Importance of High Quality Design Adjacent Facilities Will be Architecturally Significant Looking for Architects That Represent a High Degree of Design Creativity Dont Want a Facility That Looks Like it Belongs to the Golden Triangle/UTC Area

25. Architect Approval Process Developer to Submit Architect(s) Qualification Information UCSD Design Review Board (DRB) Will Screen and Approve/Disapprove Developers Architect Developer May Submit More Than One Architectural Firm For Consideration If Architect is Disapproved, Developer Has ONE Subsequent Opportunity to Submit Another Firm For Review/Approval

26. PROCESS SUMMARY & REQUIREMENTS

27. Ground Lease Compatible With Housing Goals Affordability Initial and Long Term Tailor Housing to Market Long-Term Vision Conservative Replacement Reserve Long-Term Ownership/Asset Management Focus

28. Attributes for Ground Lease Housing Experience Owning and Operating Apartment-Style Moderate Income Housing Long-Term Ownership/Management Focus Property Management Experience Experience Designing and Constructing Apartments

29. University Return on Land From Ground Lease Ground Lease Payments as a % of Land Value Escalated Over Time Prepayment of Present Value of Projected Lease Payments Programmatic Benefits Such as Below Market Rents Share of Net Income Applicable to Debt Service or New Student Housing Initiatives

30. Leveraging Land to Obtain Programmatic Benefits Below Market Rent Ground Rent Reduced to Subsidize Rents to Residents Rents Analyzed Against Comparable Market Projects Rent Increase Subject to Limitation or Periodically Reset in Proportion to Comparable Market Rents

31. Possible Development Team Structure For-Profit Student Housing Developer Non-profit Developer (501c3) Architect and Design Consultants Finance Team Underwriter and Bond Counsel Property Manager May be Non-Profit Developer

32. Project Finance Team Project Team For-Profit Developer Non-Profit Owner/Manager Investment Banker Finance Team Non-Profit Owner/Manager Investment Banker THE UNIVERSITY IS NOT PARTY TO FINANCING

33. What We Need From You Completed Matrix Graphic Materials from Architects Management Materials Financial Statements Preliminary Project Pro Formas Preliminary Project Schedule

34. Submittals Due May 15, 2002 at 4:30 pm 10 Copies of Submittal 1 Electronic Copy of Matrix http://www.hds.ucsd.edu/projects/nc/

35. QUESTIONS & ANSWERS