ÐÔÊӽ紫ý
ÐÔÊӽ紫ý Real Estate oversees all real estate activities for the university including purchases and sales of real property, leases, easements, rights of entry, and more. This requires collaboration with ÐÔÊӽ紫ý senior administration, Nevada System of Higher Education (NSHE), the Board of Regents, ÐÔÊӽ紫ý Foundation, the ÐÔÊӽ紫ý Research Foundation, local governmental bodies, and utility companies.
Mission
ÐÔÊӽ紫ý Real Estate will provide quality, professional real estate services with emphasis on customer service and customer satisfaction. Real estate personnel are dedicated to positive action, open communication, and productive solutions to fulfill the goals and objectives established by the university mission statement and strategic plans.
Responsibilities
ÐÔÊӽ紫ý Real Estate responsibilities include:
- Representing the Board of Regents and ÐÔÊӽ紫ý president as property owner, landlord, or tenant.
- Evaluating real property requirements and lease strategies for ÐÔÊӽ紫ý and/or proposed non-ÐÔÊӽ紫ý tenants at all ÐÔÊӽ紫ý campuses.
- Managing acquisition, disposal, and lease transactions.
- Overseeing NSHE/ÐÔÊӽ紫ý real property portfolio.
- Serving as primary contact for university real estate activities and projects.
Services
Services provided by ÐÔÊӽ紫ý Real Estate include:
- Acquisition and disposition services
- Contract negotiations
- Property management and lease administration services
- Tenant improvements negotiations
- Off campus lease analysis and strategy formulation
- Due diligence evaluation
- Escrow and title service coordination
- Ensure campus compliance with State, NSHE and ÐÔÊӽ紫ý real estate policies
- Manage land use application process
- Real estate market analysis
- Easement requests
- Interlocal agreements with governmental bodies and agencies
- Utility service agreements
- Rights of Way dedications and vacations
- Facility Use License Agreements
- Real property donation analysis
Process
Only the president, executive vice president/provost, vice presidents, deans, or subordinates delegated that authority in writing, may initiate a real estate request. The project initiator should submit a service request and depending on the scope and complexity of the real estate project or initiative, the following considerations may require evaluation:
- Confirming appropriate project approval acquired
- Verifying a funding source(s) has been identified and approved
- Analyzing site considerations and consistency with campus master plans
- Establishing procurement plan (purchase or lease, including negotiation and review of contract/lease terms)
- Conducting market data review and analysis
- Development of legal agreements, contracts, and documents
- Engaging NSHE and/or ÐÔÊӽ紫ý legal counsel
- Acquiring Board of Regents’ and/or chancellor notification and approval
- Producing Board of Regents’ agenda documents
- Identifying intended owner (State, Nevada System of Higher Educations (NSHE), ÐÔÊӽ紫ý Foundation, ÐÔÊӽ紫ý Research Foundation, etc.) or lessor/lessee
- Engaging Space Management to determine appropriate property uses and occupancy requirements
- Scheduling and oversight of occupancy deadlines
- Analyzing operations and maintenance (O&M) budgets for leased properties
- Confirming whether State Public Works Board and/or State Fire Marshal engagement is required
- Reviewing building, ADA and Life Safety Code considerations
- Commissioning an appraisal to determine the fair market value of the real property asset
- Contracting and review of Phase I Environmental Site Assessments and lead based paint and asbestos inspections
- Conducting title reviews
- Contracting for development of metes and bounds surveys
- Organizing inspections to determine property condition
- Engaging utility companies and local governmental bodies to address campus infrastructure needs
- Researching confidentiality considerations
- Additional relevant requirements to be determined on a case by case basis