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Real Estate Office Responsibilities |
Leasing
Contact Ginger DeRosier, Leasing
Manager
Contact Denise Mazone, Leasing
Specialist
The Leasing Manager and Leasing Specialist assist in locating
sites, negotiating, and managing all real estate leasing for the
University of Minnesota system, including office, laboratory,
storage/warehouse space, land, etc. All real estate lease transactions
with a net present value of the gross rent obligation for the
initial term of the lease exceeding $250,000 require approval
by the Board
of Regents (BOR).
Certain University staff have received the authority to execute Use/License
Agreements covering the facilities for which they have administrative
responsibility. For that list of contacts, please go to Rental
Space.
Payment and Collection of rents and fees are handled by the Real Estate
Office.
Purchases & Sales
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Real Estate Transactions Manager
Contact Kelley Brandt,
Real Estate Specialist
The Real Estate Specialist is responsible for all real estate
purchases and sales for the University of Minnesota system, including
easements and transactional due diligence.
All purchase and sale transactions involving property priced
greater than $250,000 and/or more than 10 acres in size require
approval by the BOR.
All other purchase transactions involving property with significance
in terms of size, acquisition price, operating costs and/or effect
on the community and/or campus are reported to the Board of Regents
prior to consummation. All other sale transactions are reported
to the Board of Regents prior to consummation.
University Properties for Sale
Property Management
The Real Estate Office manages the following non-campus properties:
Land and Lease Inventory
The Land and Lease Inventory is maintained by Josh Pust. This
includes all real estate owned by the University of Minnesota
and all fiscal year leases. Public access to the Inventory is
located at http://pbsrv3.oit.umn.edu:8080/Realestate/reo.html.
Miscellaneous
The Real Estate Office is also responsible for the following:
- Payment of appropriate property taxes, special assessments and payments
in lieu thereof, and the resolution of real estate tax exemption
issues for all real estate within the U of MN system.
- All property tax statements, communications regarding special assessment
projects under consideration by municipalities, township or counties,
and notices regarding public hearings and real estate owned by the
U of MN are sent to the Real Estate Office for handling.
- Owner's and Encumbrances Reports
Real Estate Office Management
The Office Manager, Ann Mueller,
coordinates the daily activities of the Real Estate Office, supervises
REO's student employees, and handles other management tasks.
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