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Strategic Director of Real Estate Management

The Real Estate Services (RES) division of DCAS supports the operations of the government of the City of New York by providing services for the City’s real estate needs.RES is responsible for the space planning and management of 37 million square feet, Citywide acquisitions (lease or purchase), sales and other dispositions of City-owned real estate, architectural design and project management, zoning and land use analyses, disposition of 15,000 City-owned lots, property valuation, and financial analysis of real estate transactions.


RES seeks to hire a Strategic Director of Real Estate Management to provide strategic analysis and direction on the effective and efficient utilization of the City of New York’s extensive property portfolio. The Director will play a critical role in setting the direction for allocation and use of the City’s real estate holdings and make recommendations with respect to agency allocation, acquisition and/or relinquishment, maintained as surplus (land banking); or disposed of by sale, lease, auction or concession. The Director will also extensively engage with stakeholders including OMB, City Planning, DCAS, and other City Hall officials before future disposition is determined.


Job Description

The Real Estate Services (RES) division of DCAS supports the operations of the government of the City of New York by providing services for the City’s real estate needs. RES is responsible for the space planning and management of 37 million square feet, Citywide acquisitions (lease or purchase), sales and other dispositions of City-owned real estate, architectural design and project management, zoning and land use analyses, disposition of 15,000 City-owned lots, property valuation, and financial analysis of real estate transactions.

RES seeks to hire a Strategic Director of Real Estate Management to provide strategic analysis and direction on the effective and efficient utilization of the City of New York’s extensive property portfolio. The Director will play a critical role in setting the direction for allocation and use of the City’s real estate holdings and make recommendations with respect to agency allocation, acquisition and/or relinquishment, maintained as surplus (land banking); or disposed of by sale, lease, auction or concession. The Director will also extensively engage with stakeholders including OMB, City Planning, DCAS, and other City Hall officials before future disposition is determined.

Responsibilities include, but are not limited to:
• Strategy and Program Development
o Develop a comprehensive understanding of the City-owned real estate portfolio including the DCAS-managed 2000 lots
o Develop expertise of the Mayoral agencies’ real estate portfolios including industrial use, warehouse, public facing, parking, daycare, senior center, storage, police precincts, firehouses, jails, etc.
o Complete projections of agency real estate needs including expansion, reduction and more effective utilization of assets
o Evaluate properties used by City agencies and assess opportunities for consolidation and reallocation
o Create a property renewal and reallocation process for agency use
o Review complex & highly visible real estate transactions coming from the Planning & Dispositions unit
o Complete due diligence for determinations regarding property acquisitions
o Make informed recommendations regarding disposition of surplus properties
• Intergovernmental
o Represent DCAS on intergovernmental committees on asset utilization and dispositions
o Work with stakeholders including City Hall, OMB, agency commissioners and elected officials when there are competing interests
o Represent DCAS at internal and external meetings, including public hearings and present testimony
o Work with agencies, community boards, elected officials, and other stakeholders to address concerns with proposed projects
o Collaborate with DCP facility planners in understanding individual neighborhood and planning dynamics, coordinating agency projections, and the Statement of Needs charter obligation

• Economic analyses
o Conduct qualitative and quantitative analyses of the City’s portfolio to identify unused and underutilized assets that realize more value through slight improvement, different allocation or different use
o Develop financial models and cost/benefit analysis to support recommended strategy for disposing, maintaining, repurposing and renovation of assets
o Liaise with OMB, DDC and DCAS Construction teams for timelines and cost assessments
o Maintain database on costs associated with construction of particular assets

Qualification Requirements

1. A four-year high school diploma or its educational equivalent and six years of satisfactory, full-time, progressively responsible experience in real property management, at least 18 months of which must have been in a managerial capacity involving the supervision of a large staff of property management agents and/or housing development specialists and requiring independent decision-making concerning program management or planning, allocation of resources and the scheduling and assignment of work. “Progressively responsible experience” must
be demonstrated by a work history of promotions and/or assumption of increasingly responsible duties and assignments. Experience in building construction or renovation; management of residential, commercial, industrial, or waterfront properties, including both renting and operating; or site management in connection with housing or with reconstruction/rehabilitation projects; supervision of receivership, tenant relocation and anti-abandonment work in housing and other properties, and buildings owned, managed, to be acquired by the City, or at risk of being abandoned; or building maintenance will be accepted up to a maximum of three years toward meeting the general requirements; or

2. A baccalaureate degree from an accredited college and four years of experience described in “1” above, including eighteen months of experience in managerial capacity; or

3. A satisfactory combination of education and/or experience equivalent to “1” or “2” above. However, all candidates must have eighteen months of managerial experience. Education at an accredited college or university may be substituted for general work experience (but not for the 18 months of managerial experience described above) at the rate of 60 college semester credits for one year of acceptable experience up to a maximum of 4 years of college for 2 years of experience.

To be acceptable, experience in property management must have included both renting and operating the managed properties. Experience in renting must have included interviewing prospective tenants, qualifying tenants’ income and background, and/or assuring that vacancies are ready for occupancy. Experience in operating must have included overseeing maintenance and repair of building operating systems, and overseeing staff to assure that necessary work is properly completed.

To be acceptable, experience in site management must have included on-site rental and maintenance of buildings.

To be acceptable, experience in relocation must have included negotiation with tenants to surrender leases for cash consideration or for an alternative site, and determining tenant eligibility for benefits.
Preferred Skills
• A master’s degree, or enrollment in a master’s program, in a related field;
• Familiarity and experience with New York City real estate, zoning and land use processes;
• New York City Government experience;
• Proven record of initiating and managing complex, interdisciplinary projects involving multiple stakeholders including frontline staff as well as executive level leadership;
• Experience mediating among groups with competing perspectives; overseeing (and improving the operational efficiency) of complicated organizations; and pioneering innovative solutions to intricate problems;
• Strong oral and written communication skills
• Understand the Use GIS, digital maps, other software, and real estate resources and databases to review and analyze City property

Residency Requirement
New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

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