Real Estate Manager
Real Estate Manager
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$ 76700 - 115100
1 Vacancy
Job Description
APPLICATION INSTRUCTIONS:
CURRENT PENN STATE EMPLOYEE (faculty staff technical service or student) please login to Workday to complete the internal application process. Please do not apply here apply internally through Workday.
CURRENT PENN STATE STUDENT (not employed previously at the university) and seeking employment with Penn State please login to Workday to complete the student application process. Please do not apply here apply internally through Workday.
If you are NOT a current employee or student please click Apply and complete the application process for external applicants.
Approval of remote and hybrid work is not guaranteed regardless of work additional information on remote work at Penn State seeNotice to Out of State Applicants.
POSITION SPECIFICS
The Pennsylvania State University is a multi-campus land-grant public research university that educates students from around the world and supports individuals and communities through integrated programs of teaching research and Pennsylvanias land-grant university Penn State provides unparalleled access to education and public service to support the citizens of the Commonwealth and beyond. We engage in collaborative activities with private sector educational and governmental partners worldwide to generate integrate apply and disseminate knowledge that is valuable to society.
Reporting to the Director of Real Estate the Real Estate Manager will oversee the Universitys real estate portfolio actively managing every facet of acquisition administration and disposition of leased and owned properties. This role calls for a proactive problem-solver who thrives on thinking creatively negotiating with finesse and confidently guiding challenging conversations to resolution. This critical role on the University Real Estate Services team is responsible for managing the contract and lease negotiation process for the University including tracking critical dates completion of transaction documents leading due diligence collection efforts and providing guidance to stakeholders on industry best practices to ensure the Universitys financial resources are utilized efficiently and transactional activity can range from space or land leases to acquisitions and dispositions easements and other right of way activities but can consist of anything that impacts the Universitys real property addition the ideal candidate will assist the department with developing implementing and supporting the administrative infrastructure of a complex and widely dispersed real estate footprint including process and procedure development improvement and implementation. Transactional experience in a fast-paced commercial real estate environment is preferred as is experience with higher education institutions.
PRIMARY RESPONSIBILITIES
- Support all aspects of the Universitys real estate interests including leases acquisitions dispositions easements and other transactional activities.
- Collaborate with cross-functional teams using strong interpersonal skills to drive solutions provide real estate insights and develop short and long-term portfolio strategies.
- Lead complex multi-million-dollar negotiations with precision and skill.
- Manage site selection due diligence contract review and new site acquisitions from offer to closing.
- Negotiate optimal commercial transaction terms leveraging market conditions to drive favorable outcomes and ensuring compliance with University policies procedures industry best practices and legal regulations.
- Monitor and manage critical lease dates approvals and project milestones ensuring timely reporting and strategic data-driven decision-making.
- Prepare financial analyses craft business cases and recommendations for executive and stakeholder approval.
- Coordinate and collaborate with multiple stakeholders and University departments to ensure all impacts of a proposed transaction are fully vetted before initiation.
- Coordinate development of department and annual rent expense budgets together with mid-year re-forecast evaluation and monitor monthly variances.
- Research and interpret lease clauses to address internal customer questions and concerns then assist to troubleshoot and resolve.
- Research of historic land records to confirm use and/or sale restrictions.
- Support the resolution of Landlord and Tenant disputes.
- Lead or participate in projects and initiatives as a department representative cross-functional team member or individual contributor.
- Other duties as assigned.
KNOWLEDGE SKILLS AND ABILITIES
- Strong proficiency with Microsoft Office 365 including Excel Word PowerPoint Teams etc.
- Competency in e-signature software and typical lease databases.
- Strong attention to detail and proactive organizational skills.
- Proven self-starter with drive to succeed.
- Strong analytical skills as well as ability to think outside the box to identify solutions to problems.
- Strong customer-oriented interpersonal communication skills written and verbal with a strong focus on promoting collaboration and relationship building.
- Proficient understanding of lease terminology calculations financial terms and principles.
- Proficient understanding of local state and federal real estate laws as well as current best practices or abilityto gain this proficiency.
- Proficient understanding of real estate taxation exemption and PILOT agreements.
- Contract and lease negotiation experience both on behalf of buyer/tenant and seller/landlord.
- Ability to treat sensitive business information in a confidential and professional manner.
- Ability to prioritize multiple tasks in a high-volume fast-paced environment.
- Ability to work with minimal supervision as well as take direction from multiple managers.
- Ability to identify University needs and commit to responding in agreed upon timeframes.
- Ability to work harmoniously in a team environment with a positive outlook and attitude.
- Ability to organize direct and motivate others.
TRAVEL
- Limited to day trips approximately 15% of the time.
This position offers a flexible work arrangement that combines remote and on-campus work. Questions related to flexible work should be directed to the hiring manager during the interview process.
MINIMUM EDUCATION WORK EXPERIENCE & REQUIRED CERTIFICATIONS
Bachelors Degree 6 years of relevant experience; or an equivalent combination of education and experience accepted Required Certifications: NoneTYPICAL QUALIFICATIONS
- Degree in Business or related Real Estate or Legal field preferred.
- Previous experience in commercial transactional real estate is strongly preferred.
- Previous experience in the higher-education industry is helpful.
- Previous experience as a paralegal is helpful.
LICENSING
- A current Pennsylvania real estate salesperson license is not required but prior licensed experience representing clients is preferred.
BACKGROUND CHECKS/CLEARANCES
Employment with the University will require successful completion of background check(s) in accordance with University policies. Due to the financial and fiduciary responsibilities of this position successful completion of a credit history check will be required in addition to standard background checks. This position requires that you operate a motor vehicle as a part of your job duties. A valid drivers license and successful completion of a motor vehicle records check will be required in addition to standard background checks.Penn State does not sponsor or take over sponsorship of a staff employment Visa. Applicants must be authorized to work in the U.S.
SALARY & BENEFITS
The salary range for this position including all possible grades is $76700.00 - $115100.00.Salary Structure - Information on Penn States salary structure
Penn State provides a competitive benefits package for full-time employees designed to support both personal and professional addition to comprehensive medical dental and vision coverage employees enjoy robust retirement plans and substantial paid time off which includes holidays vacation and sick time. One of the standout benefits is the generous 75% tuition discount available to employees as well as eligible spouses and children. For more detailed information please visit our Benefits Page.
CAMPUS SECURITY CRIME STATISTICS
Pursuant to the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act and the Pennsylvania Act of 1988 Penn State publishes a combined Annual Security and Annual Fire Safety Report (ASR). The ASR includes crime statistics and institutional policies concerning campus security such as those concerning alcohol and drug use crime prevention the reporting of crimes sexual assault and other matters. The ASR is available for review here.
EEO IS THE LAW
Penn State is an equal opportunity employer and is committed to providing employment opportunities to all qualified applicants without regard to race color religion age sex sexual orientation gender identity national origin disability or protected veteran status. If you are unable to use our online application process due to an impairment or disability please contact .
The Pennsylvania State University is committed to and accountable for advancing equity respect and belonging. We embrace individual uniqueness as well as a culture of belonging that supports equity initiatives leverages the educational and institutional benefits of inclusion in society and provides opportunities for engagement intended to help all members of the community thrive. We value belonging as a core strength and an essential element of the universitys teaching research and service mission.Required Experience:
Manager
Employment Type
Full-Time
