Roosvelt University - Offering Memorandum

PotentialFutureDorm|RooseveltUniversity–SchaumburgCampus
OfferingMemorandum
P H A S E 1
6 0 U n i t s / 2 1 3
B e d s
P h a s e d S t u d e n t
H o u s i n g
O p p o r t u n i t y
R o o s e v e l t
U n i v e r s i t y –
S c h a u m b u r g
C a m p u s
1 6 5 1 M c C o n n o r
P k w y,
S c h a u m b u r g , I L
6 0 1 7 3
O F F E R I N G
M E M O R A N D U M
DRAFT 4/7/14

22
TA B L E o f
C O N T E N T S
EXECUTIVE SUMMARY
Investment Background 4,5
Investment Opportunity 6
MARKET OVERVIEW
City Overview 8
University Overview 9,10
Student Housing Demand 11,12
PROJECT DETAIL
About Us 14 - 19
Property Information 20
Unit Mix 21
Floor Plans 22
Aerials 23-25
FINANCIAL SUMMARY
Cost-Breakdown 27-29
Proforma 30-33
Occupancy Comparison 34-37
Rent Comparison Map 38
Rent Comparison Analysis 39-41
P h a s e 1 A r c h i t e c t u r a l C o n c e p t i o n
DRAFT 4/7/14

33Potential Future Dorm | Roosevelt University – Schaumburg Campus | Offering Memorandum 3
EXECUTIVE SUMMARY
Investment Background
Investment Opportunity
DRAFT 4/7/14

Potential Future Dorm | Roosevelt University – Schaumburg Campus | Offering Memorandum 4
E X E C U T I V E
S U M M A R Y
INVESTMENT BACKGROUND
Roosevelt University’s Albert A. Robin Campus in suburban Schaumburg has been catering to
undergraduate and graduate students in the northwest suburbs since 1976. In 1996 an
upgraded facility was completed that included all the amenities a resident full-time student has
come to expect. However, the Schaumburg Campus is missing a residence component for its
1,700 students who use the campus daily.
The Schaumburg campus has 225,000 square feet of state-of-the-art facilities that rest on 27
acres of land. With over 70 classrooms courses are held year round for the five colleges:
the College of Arts and Sciences, the Walter E. Heller College of Business, the College of
Education, the Evelyn T. Stone College of Professional Studies, and as of 2011 the new College
of Pharmacy (exclusive to the Schaumburg Campus).
For years there has been the need on Roosevelt’s Schaumburg Campus for a dormitory, and
talks within the administration have called for a residential component to complete the full
service campus. This process has led The Amicus Companies LLC, in coordination with Henry
Bros. Construction, to collaborate with Roosevelt University to finally bring student housing at
Schaumburg to fruition.
DRAFT 4/7/14

E X E C U T I V E
S U M M A R Y
The Amicus Companies LLC, while coordinating with Roosevelt Administration, conducted a
campus wide survey to all 1,700 students attending the five colleges on the Schaumburg
campus and after several weeks the results were collected. There was a strong voice within the
student population that called for an on-campus residential building. The survey identified that
the average commute time for students on campus was over an hour each academic day.
Should an affordable housing option be supplied in close proximity to the campus the results
were over-whelming in favor of a student housing option.
With this information Amicus and Henry Bros. called on Fitzgerald Assoc. Architects to create
an original concept that would fit on a parcel of land supplied by Roosevelt. This land
(originally an unused parking lot valued at $1.5 million) was immediately adjacent to their
campus. Using these architectural drawings and floor plans, cost estimates by Henry Bros., and
contributed land by Roosevelt, The Amicus Companies LLC compiled the financial model that
created a win-win-win scenario for the University, its students, and the development team.
INVESTMENT BACKGROUND
DRAFT 4/7/14

6666Potential Future Dorm | Roosevelt University – Schaumburg Campus | Offering Memorandum
INVESTMENT OPPORTUNITY
E X E C U T I V E
S U M M A R Y
We, the developer, are looking for an equity partner who
will invest approximately $4.5 million into this student
housing opportunity. From this investment an annual return
of 13% or $593,000 would be paid to the equity partner.
Note
• A first mortgage of $11.5 million is contemplated.
• The completed facility, would be an Amicus managed
student housing project.
Total Hard Costs
13,036,035.00$
Total Soft Costs
2,431,965.00$
Total Financing Costs
32,000.00$
Total Land Cost
1,500,000.00$
Total Project Cost
17,000,000.00$
DRAFT 4/7/14

MARKET OVERVIEW
City Overview
University Overview
Student Housing Demand
DRAFT 4/7/14

M A R K E T
O V E R V I E W
The Village of Schaumburg, (population
of 74,227 according to the 2010
census) is a city in the northwest
suburbs of Chicago and is part of the
Golden Corridor.
The city contains the world
headquarters of Motorola Solutions,
one of the state’s only two IKEA stores,
and Woodfield Mall, the nation’s 11th
largest mall, which has over 300 stores.
Schaumburg’s rich history dates back to
the 19th century when settlers from
Germany began arriving, coming from
the East Coast.
AREA AWARDS & ACCOLADES
• Chaddick Municipal Development Award
(2013)
• Top City Meeting List (2013, 2012)
• City Livability Award (2012)
• Bicycle Friendly Community (2012)
• Chicago Wilderness Conservation and Native
Landscaping Award (2012)
• U.S. Environmental Protection Agency and
Chicago Wilderness (2010)
CITY OVERVIEW
DRAFT 4/7/14

Located within one of the state’s most rapidly growing areas of economic development,
Roosevelt’s Albert A. Robin Campus in suburban Schaumburg offers an accessible option for
those living or working outside of the city.
At the time of its completion, the Schaumburg Campus was the first new university campus
constructed in Illinois in decades. Since then, it has grown to become the most comprehensive
university in the northwest suburbs of Chicago, educating students across five campus – specific
colleges: the College of Arts and Sciences, the College of Pharmacy, the Walter E. Heller College
of Business, the College of Education, and The Evelyn T. Stone College of Professional Studies.
While this upgraded facility was completed in 1996, Roosevelt University has been responding to
the demand for undergraduate and graduate programs in the northwest suburbs since 1976.
While honoring this history of dedication to the students in the community, the new Schaumburg
Campus was engineered with the future in mind. In anticipation of new growth, it features ample
room for additional expansion
www.roosevelt.edu
M A R K E T
O V E R V I E W
DRAFT 4/7/14

M A R K E T
O V E R V I E W
The Schaumburg Campus has 225,000 square feet of
state-of-the-art facilities resting on 27 acres of land.
Part of this Campus includes:
• More than 70 classrooms;
• A library;
• Cutting-edge computer and science labs;
• Multimedia room;
• Fitness center;
• Dining center;
• And Child care center.
Schaumburg offers the full list of administrative and
student support services for its student population,
full admissions office, a registrar, a student accounts
office, financial aid, academic advising, tutoring
offices, and career counseling offices.
UNIVERSITY AMENITIES
DRAFT 4/7/14

11Potential Future Dorm | Roosevelt University – Schaumburg Campus | Offering Memorandum 11Potential Future Dorm | Roosevelt University – Schaumburg Campus | Offering Memorandum
M A R K E T
O V E R V I E W
STUDENT HOUSING DEMAND
A survey was performed internally and will be
made available for third party review if desired. The
survey was sent out to 1,700 students at Roosevelt
University – Schaumburg to gauge the demand
that might exist on their Schaumburg Campus.
After a period of three weeks the results were gathered. They
demonstrate a strong market for student housing for the
students of Roosevelt’s Schaumburg Campus.
An analysis of the data identified that there is a need for
affordable student housing in close proximity to the academic
buildings. There was also additional consideration for the
importance of student housing for University itself:
Enhances Educational Outcomes
• Develops Academic Year Continuum for current and
incoming students
• Creates proximity for students to academic resources
Aids in Enrollment Management
• Increases ability to recruit and retain students
• Broadens recruitment area; opens campus to a national
audience
Creates Community
• Creates a “Residential Campus”
• Enhances the neighborhood through retail and increased
foot traffic
DRAFT 4/7/14

1212Potential Future Dorm | Roosevelt University – Schaumburg Campus | Offering Memorandum 12Potential Future Dorm | Roosevelt University – Schaumburg Campus | Offering Memorandum
M A R K E T
O V E R V I E W
STUDENT HOUSING DEMAND
Overall Survey Population:
• 1,700 surveys sent, 261 total responses received.
• This 15.4% response rate is considered statistically significant and provides a high level of confidence in the overall results.
Responding Populations:
• College of Arts and Sciences 34%
• College of Pharmacy 21%
• Heller College of Business 20 %
• College of Education 18%
• Evelyn T. Stone College of Professional Studies 7%
Average Commute Time Per Student
• Total Average Commute time is 62. 42 Minutes an academic day (31.21 Minutes one way)
Reducing this driving time will allow students to consider taking more courses.
Current Living Accommodations
• 41% report living with parents/ siblings
• 27% report living with spouses/ partners
• 12% report living alone
• 10% report living with a roommate
* Students expressed a strong desire for affordability and proximity to classes.
DRAFT 4/7/14

PROJECT DETAIL
About Us
• The Amicus Companies LLC
• Henry Brothers Construction
• Fitzgerald Associates
Property Description
Investment Summary
Investment Highlights
Unit Mix
Floor Plans
Aerials
DRAFT 4/7/14

Amicus is a firm built on a foundation of service to not-for -
profit organizations, and possesses the skill and
experience needed in all areas of project development.
These skills include: strategic planning, feasibility
examination, analysis, structured financing as well as
construction for clients with unique needs.
The Amicus Companies’ not-for-profit clients include
colleges, universities, health care organizations, social
services organizations, as well as cultural institutions.
Amicus has demonstrated a prowess in both project
development and facilities management.
www.ipm-amicus.com
ABOUT THE AMICUS COMPANIES LLC
P R O J E C T
D E T A I L
DRAFT 4/7/14

AMICUS STUDENT HOUSING PROJECTS
• Euclid Commons – Cleveland State University (July 2011)
• La Casa Student Housing – Multiple Universities
(November 2010)
• Fenn Tower – Cleveland State University (August 2007)
• University Center of Chicago – Multiple Universities
(August 2004)
• Clifton-Fullerton Hall – DePaul University (January 2000)
• University Hall – DePaul University (January 2000)
• Belden-Racine Hall – DePaul University (January 2000)
• Munroe Hall – DePaul University (January 2000)
• Centennial Hall – DePaul University (January 1998)
P R O J E C T
D E T A I L
DRAFT 4/7/14

Henry Bros. Construction is a full service construction
company. From initial client contact to final punch list we
offer our clients the convenience of “one stop shopping”
when it comes to constructing projects.
Henry Bros. posses the capabilities to offer a variety of
solutions including value engineering services that can
benefit the overall project schedule and budget, saving
valuable time and money for the client.
www.henrybros.com
ABOUT HENRY BROS. CONSTRUCTION
P R O J E C T
D E T A I L
DRAFT 4/7/14

HENRY BROS. STUDENT HOUSING PROJECTS
• St. Joseph Seminary – St. Joseph College Seminary
• O’Brien Residence Hall – Saint Xavier University
• Rubloff Residence Hall – Saint Xavier University
• McCarthy Residence Hall – Saint Xavier University
• Morris Residence Hall – Saint Xavier University
• (Phase 1 2005) University of St Francis
Motherhouse – University of St Francis
• (Phase 2 2007) University of St Francis
Motherhouse – University of St Francis
P R O J E C T
D E T A I L
DRAFT 4/7/14

With roots dating back 95 years, FitzGerald Associates
Architects maintains a portfolio full of master-planned
communities, numerous new low to high-rise residential
buildings, commercial and industrial facilities, banks,
restaurants, and retail spaces. The firm’s clientele ranges
from many for- and not-for-profit developers and
investors to government agencies.
FitzGerald is well known for a pragmatic and efficient
approach to large scale development that draws upon its
extensive experience with many building types and an in-
depth understanding of building technologies.
www.fitzgeraldassociates.net
ABOUT FITZGERALD ASSOC. ARCHITECTS
P R O J E C T
D E T A I L
DRAFT 4/7/14

FITZGERALD STUDENT HOUSING PROJECTS
• Tailor Lofts – Multiple Universities
• CA/23 – Residential mid-rise condominiums
• Lakeside Lofts – Residential mid-rise condominiums
• Residences at the Vic – Residential mid-rise
condominiums
• 15th & Blue Island – Residential mid-rise apartments
• Wheaton 121 – Residential mid-rise apartments
• The Madison at Racine – Residential mid-rise
apartments
FITZGERALD RESIDENTIAL PROJECTS
P R O J E C T
D E T A I L
DRAFT 4/7/14

PROPERTY DESCRIPTION
Roosevelt University –
Schaumburg Campus
Building & Site Description
Phase 1
Unit Mix 15 - 4 Bed/ 2 Bath
36 - 2 Bed/ 2 Bath
9 - 1 Bed/ 1 Bath
Average Unit Size 1,160 Sq Ft
865 Sq Ft
585 Sq Ft
Land Area 2.77 Acres (Approx.)
Parking
Total Number of Spaces 71 (Uncovered)
P R O J E C T
D E T A I L
DRAFT 4/7/14

UNIT MIX
*Estimated square footage is provided without any representation or warranty as to accuracy.
28%
68%
4%
4 bed/2 bath
2 bed/ 2 bath
1 bed/ 1 bath
# of Units # of Beds Unit Mix % Unit Sq Ft Total Sq Ft Cost Per Unit Cost Per Bed Cost Per Sq Ft
4 Bed/2 Bath 15 60 28.17% 1,160.00 17400 3,300.00$ 825.00$ 0.71$
2 Bed/ 2Bath 36 144 67.61% 865.00 31140 2,900.00$ 725.00$ 0.84$
1 Bed/ 1 Bath 9 9 4.23% 585.00 5265 1,000.00$ 1,000.00$ 1.71$
Totals/ Averages 60 213 100% 870.00 53,805.00 2,400.00$ 850.00$ 1.09$
P R O J E C T
D E T A I L
DRAFT 4/7/14

1 Bedroom Apartment
$1000/ Per Month
(Purple on the Floor Plan)
Basic Building Floor Plan
(Phase 1)
4 Bedroom Apartment
$825 Per Bed/ Per Month
(Blue on the Floor Plan)
2 Bedroom Apartment
$725 Per Bed (Double Occupancy)/ Per Month
(Green on the Floor Plan)
P R O J E C T
D E T A I L
FLOOR PLANS
DRAFT 4/7/14

AERIALS: POTENTIAL SITE
P R O J E C T
D E T A I L
DRAFT 4/7/14

AERIALS: POTENTIAL SITE
P R O J E C T
D E T A I L
Phase 2
Roosevelt University – Schaumburg Campus
DRAFT 4/7/14

AERIALS: SURROUNDING RETAIL MARKET
P R O J E C T
D E T A I L
DRAFT 4/7/14

FINANCIAL SUMMARY
Cost-Breakdown
• Hard Costs
• Soft Costs
• Financing & Land Costs
Operating Proforma
Occupancy Comparison
Rent Comparison Map
Rent Comparison Analysis
DRAFT 4/7/14

COST BREAKDOWN
F I N A N C I A L
S U M M A R Y
HardCosts - Construction Costs SF / Unit Net SF Opinion $/SF Opinion Total $
4Be/2Ba 15 1,160.00 17,400.00 168.00$ 2,923,200.00$
Grand 2Be/2Ba 36 865.00 31,140.00 168.00$ 5,231,520.00$
1Be/1Ba 9 585.00 5,265.00 168.00$ 884,520.00$
Common Areas 1 11,340.00 11,340.00 168.00$ 1,905,120.00$
Architectural Adj. Common Area (1,400.00) 168.00$ (235,200.00)$
Amenity Area 1 6,355.00 6,355.00 125.00$ 794,375.00$
Public Parking 71 7,500.00$ 532,500.00$
Hard Cost Contingency 1,000,000.00$
Total HardCosts 21,020.00 70,100.00 13,036,035.00$
DRAFT 4/7/14

F I N A N C I A L
S U M M A R Y
Soft Costs Opinion Total $
Enviromental Surveys 2,000.00$
Survey 1,000.00$
Government Permits & Fees 2,000.00$
Architectual & Engineering Fees 661,982.00$
Professional & Marketting Fees 15,000.00$
Development Fee 977,703.00$
Insurance 15,000.00$
Legal Fees 25,000.00$
FF&E 227,575.00$
Soft Cost Contingency 504,705.00$
Total Soft Costs 2,431,965.00$
COST BREAKDOWN
DRAFT 4/7/14

TOTAL PROJECT COST
$17,000,000
F I N A N C I A L
S U M M A R Y
Financing Costs
Appraisal 2,000.00$
Project Financing 2,500.00$
Title Insurance & Escrow 2,500.00$
Financing Contingency 25,000.00$
Total Financing Costs 32,000.00$
LandCost 1,500,000.00$
COST BREAKDOWN
DRAFT 4/7/14

Pro Forma Profit & Loss Initial Year 2 Year 3 Year 4 Year 5
Estimated Revenue Escalation Percentage 3.0% 3.0% 3.0% 3.0% 3.0%
Projected Sales Revenue (94% Occupancy)
4 Bdrm / 2 Ba - 15 Units - 60 Beds 558,360.00$ 575,110.80$ 592,364.12$ 610,135.05$ 628,439.10$
2 Be / 2 Ba Shared - 36 Units - 144 Beds 1,177,632.00$ 1,212,960.96$ 1,249,349.79$ 1,286,830.28$ 1,325,435.19$
1Be / 1Ba - 9 Units - 9 Beds 101,520.00$ 104,565.60$ 107,702.57$ 110,933.65$ 114,261.65$
Parking Revenue 34,080.00$ 35,102.40$ 36,155.47$ 37,240.14$ 38,357.34$
Miscellaneous revenues 60,066.00$ 61,867.98$ 63,724.02$ 65,635.74$ 67,604.81$
Total Projected Gross Operating Sales Income 1,931,658.00$ 1,989,607.74$ 2,049,295.97$ 2,110,774.85$ 2,174,098.10$
Estimated Expense Escalation Percentage 2.5% 2.5% 2.5% 2.5% 2.5%
Total Utility Expenses 142,995.00$ 146,569.88$ 150,234.12$ 153,989.97$ 157,839.72$
Total Maintenance Expenses 168,240.00$ 172,446.00$ 176,757.15$ 181,176.08$ 185,705.48$
Total Staff Expenses 48,000.00$ 49,200.00$ 50,430.00$ 51,690.75$ 52,983.02$
Total Administrative Expenses 209,927.25$ 243,027.50$ 249,103.19$ 255,330.77$ 261,714.04$
Total Operating Expenses 569,162.25$ 611,243.38$ 626,524.46$ 642,187.57$ 658,242.26$
Net Operating Income 1,362,495.75$ 1,378,364.37$ 1,422,771.51$ 1,468,587.28$ 1,515,855.84$
Debt Service 718,818.36$ 718,818.36$ 718,818.36$ 718,818.36$ 718,818.36$
Debt Service Coverage 1.90 1.92 1.98 2.04 2.11
Cash Available (After Debt Service) 643,677.39$ 659,546.01$ 703,953.16$ 749,768.92$ 797,037.48$
Equity Payments Number 1 (Land) 50,000.00$ 50,000.00$ 50,000.00$ 50,000.00$ 50,000.00$
Equity Payments Number 2 (Investor at 13%) 593,677.39$ 593,677.39$ 593,677.39$ 593,677.39$ 593,677.39$
Cash Available -$ 15,868.61$ 60,275.76$ 106,091.53$ 153,360.09$
O P E R A T I N G
P R O F O R M A : 9 4 % O C C U P A N C Y S C E N E R I O
DRAFT 4/7/14

31
O P E R A T I N G
2 Be / 2 Ba Shared - 36 Units - 144 Beds 1,002,240.00$ 1,032,307.20$ 1,063,276.42$ 1,095,174.71$ 1,128,029.95$
1Be / 1Ba - 9 Units - 9 Beds 86,400.00$ 88,992.00$ 91,661.76$ 94,411.61$ 97,243.96$
Parking Revenue 34,080.00$ 35,102.40$ 36,155.47$ 37,240.14$ 38,357.34$
Total Projected Expenses 569,162.25$ 611,243.38$ 626,524.46$ 642,187.57$ 658,242.26$
Projected Net Operating Income 1,079,877.75$ 1,087,267.83$ 1,122,942.08$ 1,159,762.96$ 1,197,766.79$
Debt Service 718,818.36$ 718,818.36$ 718,818.36$ 718,818.36$ 718,818.36$
DRAFT 4/7/14

O P E R A T I N G
2 Be / 2 Ba Shared - 36 Units - 144 Beds 876,960.00$ 903,268.80$ 930,366.86$ 958,277.87$ 987,026.21$
1Be / 1Ba - 9 Units - 9 Beds 75,600.00$ 77,868.00$ 80,204.04$ 82,610.16$ 85,088.47$
Parking Revenue 34,080.00$ 35,102.40$ 36,155.47$ 37,240.14$ 38,357.34$
Projected Net Operating Income 878,007.75$ 879,341.73$ 908,778.19$ 939,174.16$ 970,560.32$
Debt Service 718,818.36$ 718,818.36$ 718,818.36$ 718,818.36$ 718,818.36$
DRAFT 4/7/14

O P E R A T I N G
2 Be / 2 Ba Shared - 36 Units - 144 Beds 789,264.00$ 812,941.92$ 837,330.18$ 862,450.08$ 888,323.59$
1Be / 1Ba - 9 Units - 9 Beds 68,040.00$ 70,081.20$ 72,183.64$ 74,349.15$ 76,579.62$
Parking Revenue 34,080.00$ 35,102.40$ 36,155.47$ 37,240.14$ 38,357.34$
Projected Net Operating Income 736,698.75$ 733,793.46$ 758,863.48$ 784,762.00$ 811,515.80$
Debt Service 718,818.36$ 718,818.36$ 718,818.36$ 718,818.36$ 718,818.36$
Debt Service Coverage 1.02 1.02 1.06 1.09 1.13Cash Available (After Debt Service) 17880.39397 14975.09736 40045.11789 65943.64445 92697.44237
DRAFT 4/7/14

OCCUPANCY COMPARISONS: PRIVATE NOT-FOR-PROFIT
F I N A N C I A L
S U M M A R Y
Benedictine University (Lisle, IL)
7,013 Student Pop.
93% School Wide Occupancy of Campus Dormitories for 2013
Suite Style Dormitories
http://www.ben.edu/about/fastfacts.cfm
DePaul University (Chicago, IL)
25,398 Student Pop.
99.5% School Wide Occupancy of Campus Dormitories for 2013
Suite Style Dormitories & Apartment Style
Spoke with Admissions
Lewis University (Lake Forest, IL)
6,394 Student Pop.
North Central College (Naperville, IL)
3,368 Student Pop.
99.4% School Wide Occupancy of Campus Dormitories for 2013
DRAFT 4/7/14

F I N A N C I A L
S U M M A R Y
Iowa State University (Ames, IA)
26,160 Student Pop.
99.1 % School Wide Occupancy of Campus Dormitories for 2013
http://www.housing.iastate.edu/data/occupancy
University of Illinois at Urbana –Champaign (Champaign, IL)
42,326 Student Pop
OCCUPANCY COMPARISONS: PUBLIC NOT-FOR-PROFIT
DRAFT 4/7/14

OCCUPANCY COMPARISONS: SHARED FACILITIES
F I N A N C I A L
S U M M A R Y
University Center of Chicago (Chicago, IL)
1,720 Student Pop.
99.2% Building Occupancy for 4 educational Institutions:
• DePaul University;
• Roosevelt University;
• Columbia College;
• Robert Morris University
DRAFT 4/7/14

OCCUPANCY COMPARISONS: ILLINOIS BOARD OF EDUCATION
F I N A N C I A L
S U M M A R Y
Illinois citizens have a broad array of educational opportunities available through the state's nationally respected system of 9
public universities on 12 campuses, 48 community colleges, 97 independent not-for-profit colleges and universities, and 35
independent for-profit institutions. Enrollments in these institutions have an overall increase -- 3.9% -- in fall 2009 to 892,905
compared with the previous autumn, continuing a pattern of stable enrollments in Illinois colleges and universities since the
mid-1990s.
Enrollments at public universities increased by 1.2% in fall 2009 to 204,469, according to preliminary headcounts. Community
college enrollments increased 6.4% to 380,025. The number of students at private institutions increased 3.1% in the nonprofit
sector, to 231,379, and 1.4% among proprietary institutions, to 77,032. In addition, there were 8,936 Illinois students enrolled
in out-of-state institutions with operations in Illinois.
Calculation of a 12-month unduplicated headcount (as opposed to fall enrollment reports) shows more than a million
students enrolled in credit coursework at Illinois colleges and universities during the 2008 academic year. A breakdown of 12-
month headcounts reveals that enrollments at:
• Public universities declined 0.6 % to 233,395
• Community colleges declined 0.3% to 682,607
• Private nonprofit and for-profit institutions rose 0.4% to 370,406
http://www.ibhe.org/Colleges%20and%20Universities/default.htm
DRAFT 4/7/14

RENT COMPARISON MAP
F I N A N C I A L
S U M M A R Y
DRAFT 4/7/14

RENT COMPARISON ANALYSIS
FIELPOINTE OF SCHAUMBURG
Arbor Square, Schaumburg, IL 60173
(1.4 miles from site)
F I N A N C I A L
S U M M A R Y
Unit Type Sq Ft Cost
Studio 528 $848 - $914
1 Bed/ 1 Bath 728 - 800 $950 - $1,064
2 Bed/ 1 Bath 950 $1,036 - $1,267
TGM PARK MEADOWS
10 N. Lincoln Meadows Drive
1 Bed/ 1 Bath 635 - 760 $1,140 - $1,250
2 Bed/ 2 Bath 990 - 1,040 $1,540 - $1,570
DRAFT 4/7/14

F I N A N C I A L
S U M M A R Y
LAKES OF SCHAUMBURG
801 Belinder Ln, Schaumburg, IL 60173
1 Bed/ 1 Bath 650 - 800 $924 - $1,427
2 Bed/ 2 Bath 1,000 - 1,100 $1,480 - $1,883
REMINGTON PLACE
201 Remington Rd, Schaumburg, IL 60173
1 Bed/ 1 Bath 652 - 840 $1,065 - $1,135
2 Bed/ 2 Bath 1020 - 1250 $1,310 - $1,585
DRAFT 4/7/14

F I N A N C I A L
S U M M A R Y
LEGACY AT POPLAR CREEK
1900 Windsong Dr, Schaumburg, IL 60194
(5.9 miles from site )
1 Bed/ 1 Bath 815 $1,056 - $1,276
2 Bed/ 1 Bath 850 $1,201 - $1,331
2 Bed/ 2 Bath 965 - 1,070 $1,240 - $1,372
DRAFT 4/7/14

KENNETH A. MCHUGH SR.
CEO
+1 630 990 1401
ken.mchugh@ipm-amicus.com
KENNETH A. MCHUGH JR.
Executive Vice President of Sales
+1 630 990 1403
andrew.mchugh@ipm-amicus.com
DRAFT 4/7/14

Roosvelt University - Offering Memorandum

Recomendados

Recomendados

Más contenido relacionado

Destacado

Destacado (9)

Similar a Roosvelt University - Offering Memorandum

Similar a Roosvelt University - Offering Memorandum (20)

Más de Kenneth Andrew McHugh

Más de Kenneth Andrew McHugh (10)

Roosvelt University - Offering Memorandum