Real Estate Services

Real Estate Transactions

RES specifically manages the following types of real estate transactions for the university:

Lease transactions

Should the university need to lease space off-campus for any reason, our office manages the process of engaging real estate brokers, negotiating lease terms, and executing the lease documents. Likewise, should the university determine that it has property that it would like to lease to a third party, our office manages the process of marketing the property, managing negotiations and executing lease documents. In addition to office, retail, and industrial space, our office also handles tower leases and ATM leases.

Contract Management

In most instances our office oversees the monthly rent payments and other lease compliance issues.

Easements

When third parties request easements on university owned land, RES is responsible for negotiating terms and executing easement contracts.

Dispositions

Should the university determine it is in our best interest to sell an auxiliary owned property, RES will generally work in conjunction with the auxiliary to complete the transaction.

Public Private Partnerships

RES is engaged when it is determined to be in the University’s best interest to partner with third party development firms for privately financed, constructed, operated and maintained facilities that support the university’s mission. Our department will typically issue an RFP or RFQ, negotiate terms and coordinate relationship management.