Senior Real Estate Specialist

Senior Real Estate Specialist Planning, Space, And Real Estate

The University of Minnesota's Real Estate Team within Planning, Space, and Real Estate provides real estate leadership and services to the University of Minnesota System. The Senior Real Estate Specialist position is responsible for : (1) the management of real estate lease transactions including renewals, amendments, terminations, and exercising of options in existing lease agreements; (2) negotiating new lease transactions as assigned; (3) management of license agreements, permits, and co-sponsorship agreement transactions; and (4) special projects as assigned. This is a 12-month, 100% time Civil Service position, which reports to Director of Leasing and Property Management.

Essential Functions of Position :

• 50% - Lease / Transaction Management : The Senior Real Estate Specialist is responsible for all renewals, amendments, early terminations, exercising of options, and enforcing terms of lease agreements with respect to landlord / tenant obligations for the entire University System. This includes advising University units on business terms, negotiation of terms and conditions, drafting renewal or termination letters, drafting amendments, coordinating the approval process, working with the Office of the General Counsel to ensure the appropriate legal documentation is developed and approved, ensuring the appropriate insurance requirements are met, preparing financial analysis of leasing options, coordinating leasehold improvement projects as required, and managing a wide range of issues encountered in real estate transactions.
• 30% - New Lease and Use Agreement Transactions : The SRES is responsible for new lease transactions and license agreements as assigned by the Director of Leasing and Property Management, for the entire University System. This work includes conducting market studies and analysis, negotiating business terms while maintaining and developing relationships with external parties such as landlords and brokers, advising University units on business terms, negotiation of terms and conditions, compiling site surveys for off-campus requirements, interpreting University policies and procedures to ensure that transactions are in compliance, coordinating the review and approval process, working with the Office of the General Counsel to ensure the appropriate legal document is developed and approved, ensuring external parties and their requested use of University space aligns with the mission of the University and does not interfere with University's needs for space, ensuring that insurance requirements are met, completing financial analysis of complex long term leases, coordinating leasehold improvement approvals, process, and payments, and other lease transaction duties for a complex portfolio with a high volume of lease agreements.
• 20% - Special Projects : The SRES represents the Real Estate Office on other University Projects as assigned, which could include development of procedures to increase efficiencies, research projects, property evaluations, market studies, and liaison to other University departments.

Work Environment :

Work is performed in a hybrid work environment - part time remote and part time in an on-campus office environment Hours are 8 : 00 - 4 : 30 or 8 : 30 - 5 : 00

Compensation :

Compensation will be commensurate with experience. Starting salary will be within the following range : $80,000-$95,000.

Qualifications :

Minimum Qualifications :

Knowledge / Skills / Abilities :

Pay and Benefits :

The University offers a comprehensive benefits package that includes : Competitive wages, paid holidays, and generous time off Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program Low-cost medical, dental, and pharmacy plans Healthcare and dependent care flexible spending accounts University HSA contributions Disability and employer-paid life insurance Employee wellbeing program Excellent retirement plans with employer contribution Public Service Loan Forgiveness (PSLF) opportunity Financial counseling services Employee Assistance Program with eight sessions of counseling at no cost Employee Transit Pass with free or reduced rates in the Twin Cities metro area

To apply, please submit your application online. The University of Minnesota is committed to attracting and retaining employees with varying identities and backgrounds.