ORGANIZATIONAL BACKGROUND
In the heart of the nation’s capital with additional programs in Virginia, the George Washington University (GW) was created by an Act of Congress in 1821. Today, GW is the largest institution of higher education in the District of Columbia. The University offers comprehensive programs of undergraduate and graduate liberal arts study, as well as degree programs in medicine, public health, law, engineering, education, business and international affairs. Each year, GW enrolls a diverse population of undergraduate, graduate and professional students. As one of the largest private employers in the District of Columbia, the University seeks employees who support the teaching, research, and public service mission of the University.
DESCRIPTION
Reporting to the Associate Vice President, Campus Development, the Assistant Vice President of Real Estate leads the Office of Real Estate, and oversees the University’s real estate portfolio and assets. Additionally, this position plays a vital role in supporting GW’s commitment to excellence by promoting and shaping a culture of integrity with the highest standards.
The AVP will provide leadership and strategic stewardship of the University’s portfolio of real estate.
The AVP will serve as a leader within the Division of Safety and Operations (DSO) and engage in strategic planning and initiatives at a division and University-wide level.
With respect to the Real Estate Investment role, areas of responsibility will include:
- Lead and manage the real estate team including the oversight of real estate investment strategies;
- Oversight of the execution of key strategic initiatives and transactional work related to the investment real estate assets;
- Lead the negotiation of all contracts related to the acquisition or disposition of real estate;
- Oversight of ground lease negotiations and administration, joint-venture partnership for future developments, commercialization, property valuation efforts, and implement any of the university’s goals that involve real estate strategic partnerships;
- Collaborate closely with the Chief Investment Officer of the University’s Endowment and other key stakeholders;
- Stay abreast of and analyze macro and micro market trends, industry research and supply/demand fundamentals with the objective of enabling the University to make effective and analytically driven real estate investment decisions;
- Create and review complex financial models to forecast leveraged cash flows, development economics and investment performance;
- Identify, evaluate and mitigate risk factors, and develop negotiation strategies for potential and existing real estate investments;
- Make recommendations to improve real estate investment performance and;
- Asset Management of Investment Properties including financial and property management reporting, processing and performance analysis.
With respect to Institutional Real Estate, areas of responsibility will include:
- Lead and manage the real estate team in all aspects of the lease operations and real estate portfolio administration;
- Asset Management of Owned Properties;
- Oversight of the University leases with third parties, retail leases, residential leases and rooftop leases;
- Lead negotiation of all leases and use agreements for space as either a landlord or a tenant;
- Cultivate and maintain relationships with community groups, stakeholders and relevant institutions to assess issues of local concern (e.g., traffic, employment opportunities);
- Ensure compliance with existing federal, district and university financial policies and procedures;
- Ensure accurate financial modeling, budgeting and forecasting and;
- Asset Management of institutional properties including financial and property management reporting, processing and performance analysis.
This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as deemed necessary.
SUPERVISION EXERCISED
For the purposes of management, performance assessment, and span of control the AVP, Real Estate position directly supervises:
- Director, Real Estate
- Senior Property Manager
- Senior Real Estate Analyst
- Real Estate Asset Manager