UC Riverside Finances Dundee Residence Hall and Glasgow Dining Facility with a $145,850,000 Issuance From the CMFA

The project, to be known as the “Dundee Residence Hall” and “Glasgow Dining Facility,” will consist, approximately, of an 820-bed student housing facility (the “Series 2018 Housing Project”) and an 830-seat dining facility (the “Series 2018 Dining Project” and, together with the Series 2018 Housing Project, the “Series 2018 Project”) with related amenities and improvements.  The site for the construction of the Series 2018 Project (the “Series 2018 Project Site”) is on approximately 3.55 acres on the campus of UC Riverside.  The Series 2018 Housing Project is intended primarily for undergraduate students.  Construction of the Series 2018 Project is scheduled to begin in December 2018.  The Developer and UC Riverside anticipate that the Series 2018 Project will be complete in time for occupancy or use, as applicable, for Fall 2020.

The Series 2018 Housing Project will consist of an approximately 174,000 gross square foot two building, seven-story undergraduate residential student housing community, including community space and support facilities.  The approximately 13,000 gross square foot community space will include an academic center with study and meeting rooms, laundry facilities, multi-purpose rooms, community bathrooms, a fitness center, leasing offices, lounges and a mail center.  Outdoor recreation spaces will include seating, ping pong tables, bike storage, and green space for student use.

The Series 2018 Project also includes the Series 2018 Dining Project, which is expected to be an approximately 51,000 gross square foot two-story stand-alone dining facility that will seat approximately 830 students.

The Series 2018 Housing Project will include approximately 398 undergraduate units, consisting of, approximately, 24 single-occupancy one-bedroom units (195 net rentable square feet), 300 double-occupancy units (220 net rentable square feet), 60 lofted triple-occupancy units (220 net rentable square feet), 12 single-occupancy resident assistant units (220 net rentable square feet) and 2 double-occupancy, two bath resident director apartments (951 net rentable square feet).

All Series 2018 Housing Project units will include individual air conditioning, be fully furnished and have connections for high-speed Internet access.  Each student will have his or her own wardrobe, full or twin sized bed, desk, desk chair and stackable dresser.

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