This study provides preliminary observations of the state of Benefits Realization Management (BRM) in the context of university capital projects. The study uses a survey tool to seek i) evidence that universities are using Benefits Realization Management methods; and ii) evidence that universities may be facing challenges to obtaining strategic benefits from their capital construction projects. By interpreting the survey data and employing a linear regression model, early observations suggest that universities are only sparingly using BRM, and that the delivery of benefits is a problem for university capital projects. These findings suggest the need for additional research focused on developing a statistically predictive model for benefits realization and identifying best practices for Benefits Realization Management (BRM) within the university setting.