Job Description

University of Utah Job Description

Job Summary

Under the direction of the Chief Financial Officer and the Vice President for Administrative Services, the Chief Real Estate Officer will work closely with the University’s senior leadership to develop strategies for real estate including the evaluation of financial feasibility, market analyses, alternative project development methods, site selection, land acquisition, property disposition, real estate asset management, commercial real estate transactions and real estate negotiation as assigned. The role will have strong ties to the President’s Leadership Council to ensure that Real Estate strategies are integrally aligned with the overall University of Utah (the University) goals and vision.

Qualifications

Minimum Qualifications:

• Bachelor's degree and 10+ years relevant experience with at least 5+ years of leadership experience or equivalency (one year of education can be substituted for two years of related work experience).

Preferred Qualifications:

• Experience leading negotiations on large scale and/or complex real estate transactions.
• Extensive experience managing a complex real estate operation.
• Understanding of urban planning and how cities and communities work, especially regarding community engagement for specific development projects.

Applicants must demonstrate the potential ability to perform the essential functions of the job as outlined in the position description.

Disclaimer

This job description has been designed to indicate the general nature and level of work performed by employees within this classification.  It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to the job.

Essential Functions

Position Responsibilities:

• Responsible for all university real estate strategy, in coordination with the University President, CFO, Facilities, & General Counsel’s Office. Oversees planning and transactional activities related to property acquisitions or disposition and leases of commercial, retail, research, clinical, residential, and other space where the University serves as either landlord or tenant.
• Serves as a liaison for both internal and external constituents, including University Administrators, the Board of Trustees, and other collaborators in and beyond the University. Working across the University, the Chief Real Estate Officer will collaborate with key groups
• Provides review, policy guidance and strategic review of campus master planning activities and other real estate type activities.
• Provides strategic and operational oversight of all university-owned rental properties in accordance with established standards, administering University leases and managing all aspects of University-owned properties. Ensures that properties leased by the University are managed in accordance with lease agreements.
• Develops plans that are affordable and fiscally responsible, including managing development and operations budgets. Prepares financial analysis and documentation in coordination with established record keeping standards that supports key decision-making processes for real estate transactions and oversee the performance of required due diligence activities in evaluation new real estate deals.
• Develops and cultivates private/public partnerships and other community relationships beneficial to the property and space needs of the University.
• Fosters a positive relationship with members of the local community, including community groups, local developers, and local landlords. Meets with the local community to review real estate acquisitions in collaboration with the President’s Leadership Council.

Comments

Work Environment and Level of Frequency typically required

Nearly Continuously: Office environment.

Physical Requirements and Level of Frequency that may be required

Nearly Continuously: Sitting, hearing, listening, talking.

Often: Repetitive hand motion (such as typing), walking. 

Seldom: Bending, reaching overhead.