Property: 2433 Coolidge Ave, Oakland, CA
For over four decades, Patten University has been a standard bearer for academic excellence, serving thousands of dedicated students and professionals. The University is uniquely qualified to offer courses and degree programs in the fields of leadership, business, general management, and project/program management. It has a well-defined and structured curriculum, an excellent faculty, and an extensive proprietary collection of textbooks and course materials.
Patten University wanted to hire a consultant to perform a campus-wide asset management study as a key part of their overall Strategic Plan to realize a new educational paradigm for the University.
DCG was retained to conduct a preliminary analysis of properties owned by Christian Cathedral Church and Patten Academy of Christian Education both on and in close proximity to the campus. The short-term priority was to improve the overall cash flow situation as quickly as possible by establishing and then implementing a sustainable strategy for maximizing rents and reducing debt through the sale of non-strategic assets. Analysis included:
- Asset Survey
- Title Survey
- Debt Survey
- Rent Survey
- Market Value Survey
- Property Condition and Code Assessment
The University was ultimately able to leverage this analysis to provide context to their overall strategic plan and solicit other strategic partners in their effort to create a new and sustainable model for the organization.