The Challenge
Hayat Brown is currently supporting Connecticut College in planning for a 500+ bed student housing facility to meet increased demand from enrollment growth as well as the need for workforce housing for faculty and staff. Hayat Brown provided market analysis and financial feasibility analysis for a public-private partnership, risk assessment, and profit and loss impact analysis to determine the College’s best course of action to deliver needed housing.
Our Approach
1. Site Evaluation and Development Concept
2. Financial Feasibility and Risk Analysis
3. Initial Market Sounding
Site Evaluation and Development Concept
Our team analyzed potential acquisition and development costs for three housing options, including construction on college-owned land. In parallel, the team conducted site analysis, identifying the most suitable sites for development and defining development programs for two projects: (1) an on-campus student housing project and (2) a potential residential commercial development on a second site, with a focus on maximizing revenue generation.
Financial Feasibility and Risk Analysis
The team conducted financial feasibility assessments for the student housing project using public sector comparator metrics to evaluate cost-effectiveness of a P3 solution and a discounted cash flow analysis to test the attractiveness of commercial project to private developers and investors. Additionally, our team assessed the impact on the College’s Profit and Loss statement and identified risks associated with different delivery methods including self-delivery and a P3 delivery.
Initial Market Sounding
Hayat Brown launched an initial market sounding, leading discussions with developers to gauge market interest and refine assumptions. Additionally, the team prepared detailed reports and presentations for college leadership to aid in decision-making and project approval.
