UBS Annual Report 2021

Real Estate Services 2021 ACCOMPLISHMENTS Purchased 7 houses since 7/1/2020; 3 renovations completed. Achieved 100% occupancy - all available properties are fully leased. November 2021, RES purchased 4 additional apartments and 4 additional houses, increasing tenants by 24 people, almost doubling the number of tenants we had at this time last year (now at 65 people). Facilitated acquisition of 214-216 Summit in support of University land banking. Sale and close-out of Decibel real estate (NY real estate), resulting in $2.5M to endowment. Spearheaded sustainability efforts around house air tests, and conversion off of fossil fuels in several homes. Conducted several asbestos assessments and abatements. Student housing zoning change - apprised internal stakeholders and analyzed impact on University. Advanced ground lease at LU12 – a future revenue generating project. Finalizing PA Act 2 submission to DEP. Advanced LU2 Developer interest including vetting partners, setting stakeholder meetings, developer meetings, building initial proforma. Advanced Stabler Pathways branding work with stakeholders and vendor. Made significant progress on contract negotiation, saving the University and PHMC. Achieved necessary grant change approvals from the state. Leased LU15 to asphalt company; resulting in $36k per year in revenue. Conducted parcel consolidation and subdivisions with the City of Bethlehem and Lower Saucon Township in support of Lehigh’s solar project. As VP for Programming for Association of University Real Estate Officials, held 5 virtual events this year and coordinated all programming for a 3 day conference hosted by Boise State held in October 2021.

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