California State University Channel Islands

Camarillo,

Student Housing Feasibility Analysis

In 2004 California State University, Channel Islands sought B&D’s help with its student housing plan. The university wanted to construct suite-style units specifically for freshmen and sophomores that provided an affordable living environment with privacy, along with a greater sense of community. Our research included interviews with administration, student focus groups, an Internet-based survey, and qualitative and quantitative analyses of competitive housing in the community. We were then able to produce a financial model showing a ten-year operating pro forma. That model assumed the facility would support its own debt service, pay its personnel and non-personnel operating costs, and contribute to its renewal and replacement account. At 115,000 square feet and $32 million, the 460-bed Santa Cruz Village opened in August 2007.