Real Estate Management

Program Mission

To provide centralized real estate management and casualty insurance administration for City agencies in order to increase efficiency, control operating costs, and preserve asset value.

Typical Services Provided by Real Estate Management

• Provides centralized management of real property used in City operations excluding uses for recreation , parks and right-of-way, by the:

• Acquisition, sale, and leasing of real property
• Assessment of properties for holding or disposition as surplus
• Management of leases - compliance, collection and/or payments
• Maintain an inventory and history of all City owned properties used in city operations
• Administers the City's insurance coverage for property casualty, aviation, stored vehicles, and boilers

Key Performance Measures

• Lease cost per square foot where the city is a tenant
• Real estate management expenditure per million dollars in value of assets held

The Real Estate Management Office is responsible for the management, acquisition, sale and leasing of real property (other than rights-of-way and utility easements) used in city operations. The office negotiates leases on behalf of the City and markets surplus city-owned property and serves as the City's real estate agent.