University of Minnesota · 1 month ago
Senior Real Estate Specialist
Twin Cities Area
Full-time
Hybrid
Mid, Senior Level
$80K/yr - $95K/yr
5+ years expThe University of Minnesota’s Real Estate Team provides leadership and services across its campuses. The Senior Real Estate Specialist is responsible for managing lease transactions, negotiating new agreements, and overseeing special projects related to real estate operations.
EducationHigher EducationUniversities
Hiring Manager
Eric Haugen
Responsibilities
The Senior Real Estate Specialist (SRES) is responsible for all renewals, amendments, early terminations, exercising of options, and enforcing terms of lease agreements with respect to landlord/tenant obligations for the entire University System
This includes advising University units on business terms, negotiation of terms and conditions, drafting renewal or termination letters, drafting amendments, coordinating the approval process, working with the Office of the General Counsel to ensure the appropriate legal documentation is developed and approved, ensuring the appropriate insurance requirements are met, preparing financial analysis of leasing options, coordinating leasehold improvement projects as required, and managing a wide range of issues encountered in real estate transactions
The SRES collects data for lease agreements and works with the Lease Administrator to ensure all data pertaining to lease agreements is properly entered in the University's Lease Inventory System to ensure accurate reporting
Accounting responsibilities include calculating rent increases and management of CPI increases
Responsible for confirming rents, maintenance, and operations expenses are accurate to ensure prompt and accurate payments
This position is the first point of contact in the Real Estate Office for the management of leases where the University is the landlord and will be responsible for interpreting and enforcing policies pertaining to use of space, rents, and all other matters pertaining to the leases, including resolution of any conflicts in ensuring adherence to lease terms and provisions
The SRES is responsible for new Lease transactions and license agreements as assigned by the Director of Leasing and Property Management, for the entire University System
This work includes conducting market studies and analysis, negotiating business terms while maintaining and developing relationships with external parties such as landlords and brokers, advising University units on business terms, negotiation of terms and conditions, compiling site surveys for off-campus requirements, interpreting University policies and procedures to ensure that transactions are in compliance, coordinating the review and approval process, working with the Office of the General Counsel to ensure the appropriate legal document is developed and approved, ensuring external parties and their requested use of University space aligns with the mission of the University and does not interfere with University’s needs for space, ensuring that insurance requirements are met, completing financial analysis of complex long term leases, coordinating leasehold improvement approvals, process, and payments, and other lease transaction duties for a complex portfolio with a high volume of lease agreements
The SRES represents the Real Estate Office on other University Projects as assigned, which could include development of procedures to increase efficiencies, research projects, property evaluations, market studies, and liaison to other University departments
Qualification
Required
Bachelor's degree
5 years of relevant experience in real estate or a related field, or a combination of related education and work experience to equal at least nine years
Ability to communicate effectively, succinctly, and persuasively in writing, orally and interpersonally
Experience with commercial real property lease agreements
Strong financial and analytical skills
Strong attention to detail
Excellent judgment and ability to work independently
Ability to coordinate multiple tasks and meet competing deadlines
Demonstrated integrity and adaptability
Ability to effectively manage through ambiguous assignments
Awareness of, appreciation for, and responsiveness to the needs of a diverse workplace
Demonstrated ability and success in providing support to and working in teams, including working with and through others to accomplish goals
Ability to develop and process information using real estate market data, Microsoft products, Google Suite, and real estate asset management software
Company
University of Minnesota
University of Minnesota is an educational institution that offers master's and doctoral degrees in medicine, law, and engineering fields.
10001+ employees
H1B Sponsorship
University of Minnesota has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (298)
2024 (240)
2023 (289)
2022 (215)
2021 (201)
2020 (185)
Funding
Current Stage
Late StageTotal Funding
$97.08MKey Investors
American Academy of Orthopaedic SurgeonsNational Science FoundationU.S. Environmental Protection Agency
2023-12-01Grant· $0.03M
2023-05-04Grant· $20M
2023-04-13Grant· $10M
Leadership Team
Shane Stennes
Chief Sustainability Officer
Recent News
2025-12-17
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