Assoc Dir Real Estate Dev

Department Name

University Real Estate Dev

Job Description

The Associate Director of Real Estate Development oversees strategic planning and execution of real estate development activity for ASU. Under the general direction of the Vice President of Real Estate Development and the Director of Real Estate Development, this position manages the following tasks: real estate development projects, strategic acquisitions and dispositions of campus land or buildings, administration of key agreements related to university real estate holdings, financial analysis and reporting, and facilitation of university real estate initiatives.

Job Description

The Associate Director of Real Estate Development oversees strategic planning and execution of real estate development activity for ASU. Under the general direction of the Vice President of Real Estate Development and the Director of Real Estate Development, this position manages the following tasks: real estate development projects, strategic acquisitions and dispositions of campus land or buildings, administration of key agreements related to university real estate holdings, financial analysis and reporting, and facilitation of university real estate initiatives.

Requisition ID

101275BR

Working Environment

Activities are performed in an environmentally controlled office setting subject to extended periods of sitting, keyboarding, and manipulating a computer mouse (75%) required to stand for varying lengths of time and walk moderate distances to perform work (10%) Frequent bending, reaching, lifting, pushing and pulling up to 25 pounds (15%). Regular activities require the ability to quickly change priorities, which may include and/or are subject to resolution of conflicts. Ability to clearly communicate verbally, read, write, see, and hear to perform essential functions. Regular use of standard office equipment including, but not limited to computer workstation/laptop (keyboard, monitor, mouse), printer, fax, calculator, copier, telephone, and associated computer/technology peripherals.

Minimum Qualifications

Bachelor's degree in a related field AND eight (8) years of experience in such fields as property development, property acquisition, disposition, lending, brokerage, general contracting, and/or property management, which includes two (2) years of direct property development experience; OR, Any equivalent combination of education and/or experience from which comparable knowledge, skills, and abilities have been achieved.

Department Statement

The University Real Estate Office Development is committed to acquiring and managing the real property assets necessary to deliver an exceptional physical environment to all customers of the university and to develop and cultivate a financially attractive real estate portfolio for ASU.

Category

04

VP Code

EVP BUSINESS & FINANCE

Scope of Search

Open

Desired Qualifications

• Understanding of core real estate development processes including property valuation, entitlement and zoning, due diligence, basic capital structure, leasing, etc.

• Demonstrated knowledge of real estate transactions such as purchases, sales, leases, etc.

• experience in creating digestible financial models, and understanding of real estate financial concepts such as DCF, IRR, ROC, capitalization rates, etc.

• Experience in legal interpretation, negotiation, and property management.

• Experience in project management and managing multiple projects at one time.

• Evidence of effective communication with an emphasis on written communication.

• Experience in reading and comprehending complicated legal documents.

• Experience in problem-solving and decision-making with strong organizational skills.

Close Date

06-June-2024 - EXTENDED

Grant Funded Position

This is not a grant funded position and is not contingent on future grant funding.

ASU Statement

Arizona State University is a new model for American higher education, an unprecedented combination of academic excellence, entrepreneurial energy and broad access. This New American University is a single, unified institution comprising four differentiated campuses positively impacting the economic, social, cultural and environmental health of the communities it serves. Its research is inspired by real world application blurring the boundaries that traditionally separate academic disciplines. ASU serves more than 100,000 students in metropolitan Phoenix, Arizona, the nation's fifth largest city. ASU champions intellectual and cultural diversity, and welcomes students from all fifty states and more than one hundred nations across the globe.

ASU is a tobacco-free university. For details visit https://wellness.asu.edu/explore-wellness/body/alcohol-and-drugs/tobacco

Arizona State University is a VEVRAA Federal Contractor and an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other basis protected by law.

Notice of Availability of the ASU Annual Security and Fire Safety Report

In compliance with federal law, ASU prepares an annual report on campus security and fire safety programs and resources. ASU's Annual Security and Fire Safety Report is available online at https://www.asu.edu/police/PDFs/ASU-Clery-Report.pdf. You may request a hard copy of the report by contacting the ASU Police Department at 480-965-3456.

Relocation Assistance - For information about schools, housing child resources, neighborhoods, hospitals, community events, and taxes, visit https://cfo.asu.edu/relocation-services.

Full-Time/Part-Time

Full-Time

Essential Duties

• Day-to-day collaboration with various university stakeholders, external partners, and consultants regarding real estate development projects at ASU.

• Maintain project timelines and prepare/track budgets, ensuring milestones are met on time and within budget.

• Analysis and assisted oversight of significant commercial development of campus lands, acquisition or sale of real property, major agreements for lease or use of campus land or buildings by non-University tenants, or lease or use of non-University real property by University tenants.

• Negotiation of public-private partnerships.

• Prepare and present reports, proposals, and recommendations to university leadership, boards, committees, and other relevant stakeholders.

• Creation and management of financial models and packages.

• Valuation of real property, including both land and buildings for purposes of acquisitions, dispositions, re-development, or public-private partnerships.

• Interfaces with administrative officers, Comptroller, General Counsel, outside legal counsel, and other stakeholders on real estate issues and transactions.

• Prepares ad-hoc strategic and project analyses in support of executive management and or related to project approvals.

• Establishes and maintains effective working relationships with state and local officials, senior University officials, merchants, and various private firms and organizations to facilitate projects as ASU expands throughout the valley.

• Helps secure the appropriate approvals, certifications, permits, etc. from city and other government agencies as needed.

• Monitors performance of major non-University tenants to ensure all ground lease conditions are being complied with and funds due the University are properly credited in a timely manner.

• In-depth analysis of ad valorem property taxes.

Employment Verification Statement

ASU conducts pre-employment screening which may include verification of work history, academic credentials, licenses, and certifications.

Fingerprint Check Statement

This position is considered safety/security sensitive and will include a fingerprint check. Employment is contingent upon successful passing of the fingerprint check.

Salary Range

$110,000 - $140,000 per year; DOE

Instructions to Apply

Application deadline is 3:00PM Arizona time on the date indicated.

Please include all employment information in month/year format (e.g., 6/88 to 8/94), job title, job duties and name of employer for each position.

Resume should clearly illustrate how prior knowledge and experience meets the Minimum and Desired qualifications of this position.

Applicant must be eligible to work in the United States; University Real Estate Development will not be a sponsor for this position.

ASU does not pay for travel expenses associated with interviews, unless otherwise indicated.

Only electronic applications are accepted for this position.

IMPORTANT NOTE: What is the meaning of "equivalent combination" in the minimum qualifications? It means one year of higher education or 24 credit hours, is equal to one year of experience. For example, a four year Bachelor's degree is equal to four years of experience.

Job Family

Business Operations