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Real Estate Office Responsibilities |
Leasing
Contact Jon Dostal, Leasing Manager
Contact Denise Mazone, Leasing Specialist
Contact Anna Engstrom, Senior Real Estate Specialist
The Leasing Manager, Leasing Specialist, and Senior Real Estate 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 $1,250,000 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
Contact Kelley Brandt,
Real Estate Transactions Manager
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 $1,250,000 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/GIS and Mapping
Contact Devon Piernot, GIS Information Technology Specialist
The Land and Lease Inventory is maintained by the Information Technology Specialist. The Inventory includes information on all real estate formerly and currently owned by the University of Minnesota and information on University real estate leases and use agreements.
Public access to the Inventory is
located at http://pbsrv3.oit.umn.edu:8080/Realestate/reo.html.
The Information Technology Specialist also manages and maintains all maps, GIS data, and CAD data on University of Minnesota properties.
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
Contact Tracy Beseman, Office Manager
The Office Manager coordinates the daily activities of the Real Estate Office, supervises REO's student employees, and handles other management tasks.
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