Who’s Who in the Buildings Market 2003: Institutional Ownership

Aug. 26, 2003
Facilities/physical plant departments responsible for the real estate of healthcare and/or educational organizations
HCA Inc. (66)Nashville, TN(615) 344-9551www.hcahealthcare.comHCA, formerly HCA-The Healthcare Company, is the one of the largest, for-profit hospital operators in the United States. Published reports show HCA owns nearly 180 acute care, general, and psychiatric hospitals, as well as 78 freestanding ambulatory surgery centers. Numbers provided by HCA in the Buildings’ questionnaire say the company has more than 300 total buildings in its system, totaling 66 million square feet*. The dollar volume of spending in 2003 for Capital Expenditures is estimated to be around $1 billion* with New Construction of about 1.4 million square feet* and Modernization projects equaling more than 800,000 square feet* in 2003. Kaiser Permanente (53.77)
Oakland, CA(510) 271-5800www.kaiserpermanente.orgKaiser Permanente, America’s largest not-for-profit healthcare organization, services 8.1 million members in nine states and the District of Columbia. Today’s company comprises Kaiser Foundation Health Plan Inc.; Kaiser Foundation Hospitals; and the Permanente Medical Groups. According to the company’s website, Kaiser operates 29 medical centers and 423 medical offices in California, Colorado, Georgia, Hawaii, Maryland, Ohio, Oregon, Virginia, Washington, and the District of Columbia. The company reports a total of nearly 53.8 million square feet of occupied space nationwide, according to statistics provided by the company.

School Board of Broward County (FL) (31.5)

Ft. Lauderdale, FL(954) 765-6000www.browardschools.com10 Office Buildings*: 734,406 square feet. 1,865 Educational Buildings*: 30.4 million square feet. 20 Industrial Buildings*: 353,023 square feet. Dollar Volume of Spending in 2003 Devoted/Estimated Toward Facilities*: Capital, $229.2 million. Number of Professionals Involved Full-Time in Facilities*: 186. Projects Under Way (To Be Completed in 2003)*: New Construction, 1.5 million square feet; Modernization, 350,000 square feet.

Fairfax (VA) County Public Schools (24)

Fairfax, VA(703) 246-2991www.fcps.edu14 Office Buildings: 614,027 square feet. 234 Educational Buildings: 23.42 million square feet. Fourteen percent of all Virginia students are enrolled at Fairfax County Public Schools, and the system ranks 12th nationally by enrollment, with 166,601 students attending in 2002-2003.

Michigan State University (21.2)

East Lansing, MI(517) 355-1855www.msu.eduAccording to the Michigan State University Physical Plant Division 2002 Building Data Workbook, the University owns and maintains more than 21.2 million square feet of space. Academic (including research and laboratory) Buildings: 14.8 million square feet. Multi-family (student) Housing: 1.7 million square feet. All Other Buildings (including stadium, farms, parking, chapel, etc.): 4.7 million square feet.

Pennsylvania State University (19.5)

University Park, PA(814) 865-5471www.psu.eduThe entire Penn State educational system consists of 19.5 million square feet, 14.6 million square feet (706 buildings) of which are located at University Park. Total number of buildings: 1,105. The University leases 141,092 square feet of space to students, and 261,748 square feet to non-PSU tenants. The more than 900 employees at the University’s Office of Physical Plant handle 48,000 work assignments every year to keep facilities maintained, carrying out work 24/7/365.

School District of Palm Beach County (FL) (18.8)

West Palm Beach, FL(561) 464-8000www.palmbeach.k12.fl.usEducational Buildings: 14 million square feet. Other Commercial Buildings: 4.8 million square feet. With over 161,000 students attending 98 elementary schools, 27 middle schools, 22 high schools, and nine alternative/special schools, current construction plans include 50 more schools to be built or modernized over the next five years.

Prince George’s County (MD) Public Schools (18)

Upper Marlboro, MD(301) 952-6000www.pgcps.orgThis school district maintains 18 million square feet of facility space and employs 311 people, including four facilities coordinators. The School System’s mission is to provide a safe, comfortable, and nurturing environment for both children and employees.

School District of Greenville County (SC) (12.5)

Greenville, SC(864) 241-3100 www.greenville.k12.sc.us100 Educational Buildings*: 12.5 million square feet. Dollar Volume of Spending in 2003 Devoted/Estimated Toward Facilities*: Capital, $90 million. Number of Professionals Involved Full-Time in Facilities*: 13. Projects Under Way (To Be Completed in 2003)*: New Construction, 663,645 square feet. This school district is the largest public school system in South Carolina. Each day, the District challenges more than 60,000 students.

Jeffco (CO) Public Schools (11.8)

Golden, CO(303) 982-6500http://jeffco.k12.co.us4 Office Buildings*: 300,000 square feet. 140 Educational Buildings*: 10.7 million square feet. 30 Multi-family Housing Buildings*: 20,000 square feet. 500 Other Commercial Buildings*: 700,000 square feet. 15 Industrial Buildings*: 100,000. Dollar Volume of Spending in 2003 Devoted/Estimated Toward Facilities*: Capital, $45 million; Operational, $106 million. Projects Under Way (To Be Completed in 2003)*: New Construction, 120,000 square feet; Modernization, 50,000 square feet.

Massachusetts Institute of Technology (MIT) (10.9)

Cambridge, MA(617) 253-1000http://web.mit.edu11 Academic Buildings Leased to MIT: 402,682 gross square feet. 6 Service Buildings Leased to MIT: 240,842 gross square feet. 77 Academic Buildings Owned by MIT: 5.5 million gross square feet. 26 Multi-Family (student) Housing Buildings Owned by MIT: 2.6 million gross square feet. 39 Service Buildings Owned by MIT: 2.2 million gross square feet. Total number of owned and leased buildings: 159. Located on 153.8 acres, MIT is dedicated to teaching the disciplines of science and technology. The Institute is currently building an array of new facilities designed by distinguished architects.

Humana (10.8-plus/minus)

Louisville, KY(5020 580-1000www.humana.comAs one of the country’s top for-profit healthcare providers – with 6 million members in 18 states and Puerto Rico – Humana delivers most of its service through HMOs and PPOs; provides dental, group life, and disability insurance; and delivers healthcare coverage to military personnel and their families through its TRICARE unit. Boasting 11.2 billion in sales, Humana owns 24 medical centers and leases 64 of them. It does not operate them, but rather leases them to its provider operations. The square footage of these 88 combined facilities ranges in size from approximately 1,500 to 80,000 square feet (Buildings’ average estimates total at around 3.59 million square feet). The company’s 160 administrative market offices are leased, with a square footage range of 700 square feet to 89,000 (Buildings’ average estimates total at around 7.18 million square feet).

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