Principal Real Estate Officer

Public Transportation Services Corporation (PTSC)
PTSC is an equal employment opportunity employer

Non-Represented EMPLOYMENT OPPORTUNITY

Bulletin No: 007603-016

Job Title: PRINCIPAL REAL ESTATE OFFICER (REAL PROPERTY/ASSET MANAGEMENT)

Specialty: Real Property/Asset Management

Closing Date: 24-MAY-24

Salary Grade: H1M

Salary Range: $90,522 - $113,131 - $135,741

External/Internal: EXTERNAL

This bulletin is posted to establish or add to a Qualified Candidate Pool(QCP)

Performs highly complex real estate work in Appraisal, Acquisition/Relocation, or Asset Management.

For Appraisal: Performs: highly complex real estate appraisals functions to determine the fair market value of properties required for active projects; prepares appraisal reviews and recommends values for acquisition or rental purposes; and coordinates procurement, contract management, and file management related to appraisal assignments.

For Acquisition/Relocation: Performs highly complex real estate acquisition and relocation functions; acquires real property required for active projects either through negotiations or eminent domain; provides oversight and coordination for internal management of special projects, including environmental investigations; provides oversight and management of outside acquisition and relocation consultants, including procurement, contract management, and file management.

For Asset Management: Coordinates real estate leasing and access agreements for real estate activities adjacent to, over, or under Metro right-of-way (ROW), with both private property owners and internal agency departments to ensure that transit services are not interrupted and safety is maintained; and establishes and follows best management practices.

Example Of Duties
•  Performs a broad range of complex, cross-sectional real estate and right-of-way functions
•  Plans and manages real estate projects
•  Reviews title reports, appraisals, and similar support documents and reports
•  Assists management in preparing real estate revenue goals and budget reports estimating real estate related costs
•  Inspects real estate both in person and using computer programs to document conditions
•  Evaluates Metro's real estate needs, identifies opportunities to enhance safety and revenues, and recommends policies and procedures to enhance department efficiency and accuracy of management of assets
•  Prepares written and oral reports, resolutions, correspondence, and legal documents
•  Represents the department in meetings with other departments/divisions, property owners and tenants, and business and community groups to make presentations or respond to inquiries
•  Provides oversight and management of outside consultants
•  Provides leadership, guidance, and advice to staff on complex real estate issues
•  Provides training to support staff on real estate related functions
•  Coordinates work activity of both professional and administrative staff when working on special projects
•  Contributes to ensuring that the Equal Employment Opportunity (EEO) policies and programs of Metro are carried out For Appraisal
•  Analyzes property requirements to understand the potential impacts to the property
•  Prepares appraisal scope of work, reviews real estate appraisals for thoroughness and professional completion, and prepares appraisals as appropriate
•  Communicates with management and outside counsel regarding issues that are significant in appraisals prepared for property owners For Acquisition/Relocation
•  Negotiates with property owners or their agents for purchase or voluntary transfer of property
•  Coordinates with escrow and title companies relative to ownership and conditions of title
•  Prepares and presents relocation related notices
•  Reviews and processes relocation claims and payments
•  Provides oversight on acquisition and relocation delivery milestones
•  Solicits consultant(s) for the preparation and review of environmental investigation reports For Asset Management
•  Coordinates use of Metro assets (land) with internal departments
•  Executes agreements that enable safe, short-term use of or access to Metro land
•  Manages assets sensibly to reduce Metro expenses for maintenance and upkeep
May be required to perform other related job duties Requirements For Employment

A combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. Additional experience, as outlined below, may be substituted for required education on a year-for-year basis. A typical combination includes:

Education
•  Bachelor s Degree in Real Estate, Business Administration, Public Administration, Economics, Engineering, or a related field Experience
•  Five years of relevant experience in real estate appraisal, acquisition, relocation, and/or property management, requiring at least two years specialized experience in area of assignment Certifications/Licenses/Special Requirements
•  A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions
•  Senior Right of Way Agent (SRWA) Designation preferred
•  For an Appraiser's position, a California Real Estate Appraiser License is required Preferred Qualifications

Preferred Qualifications (PQs) are used to identify relevant knowledge, skills, and abilities (KSAs) as determined by business necessity. These criteria are considered preferred qualifications and are Basic Function

Performs highly complex real estate work in Appraisal, Acquisition/Relocation, or Asset Management.

For Appraisal: Performs: highly complex real estate appraisals functions to determine the fair market value of properties required for active projects; prepares appraisal reviews and recommends values for acquisition or rental purposes; and coordinates procurement, contract management, and file management related to appraisal assignments.

For Acquisition/Relocation: Performs highly complex real estate acquisition and relocation functions; acquires real property required for active projects either through negotiations or eminent domain; provides oversight and coordination for internal management of special projects, including environmental investigations; provides oversight and management of outside acquisition and relocation consultants, including procurement, contract management, and file management.

For Asset Management: Coordinates real estate leasing and access agreements for real estate activities adjacent to, over, or under Metro right-of-way (ROW), with both private property owners and internal agency departments to ensure that transit services are not interrupted and safety is maintained; and establishes and follows best management practices.

Example Of Duties
•  Performs a broad range of complex, cross-sectional real estate and right-of-way functions
•  Plans and manages real estate projects
•  Reviews title reports, appraisals, and similar support documents and reports
•  Assists management in preparing real estate revenue goals and budget reports estimating real estate related costs
•  Inspects real estate both in person and using computer programs to document conditions
•  Evaluates Metro's real estate needs, identifies opportunities to enhance safety and revenues, and recommends policies and procedures to enhance department efficiency and accuracy of management of assets
•  Prepares written and oral reports, resolutions, correspondence, and legal documents
•  Represents the department in meetings with other departments/divisions, property owners and tenants, and business and community groups to make presentations or respond to inquiries
•  Provides oversight and management of outside consultants
•  Provides leadership, guidance, and advice to staff on complex real estate issues
•  Provides training to support staff on real estate related functions
•  Coordinates work activity of both professional and administrative staff when working on special projects
•  Contributes to ensuring that the Equal Employment Opportunity (EEO) policies and programs of Metro are carried out For Appraisal
•  Analyzes property requirements to understand the potential impacts to the property
•  Prepares appraisal scope of work, reviews real estate appraisals for thoroughness and professional completion, and prepares appraisals as appropriate
•  Communicates with management and outside counsel regarding issues that are significant in appraisals prepared for property owners For Acquisition/Relocation
•  Negotiates with property owners or their agents for purchase or voluntary transfer of property
•  Coordinates with escrow and title companies relative to ownership and conditions of title
•  Prepares and presents relocation related notices
•  Reviews and processes relocation claims and payments
•  Provides oversight on acquisition and relocation delivery milestones
•  Solicits consultant(s) for the preparation and review of environmental investigation reports For Asset Management . click apply for full job details