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POSITION SUMMARY:
This position leads the development and implementation of strategies to protect the public interest in the Authority’s management of its approximately 45 ground leases and other agreements with the developers of residential, commercial, hotel, and not-for-profit sites on the 92-acre site. These agreements memorialize terms for 30 residential properties (18 condo, 10 rental, and 2 co-op), eight commercial properties, and two hotels, as well as those for local schools, cultural institutions, a restaurant, and a historic facility used to house hospitality space, among others.
Essential Duties:
Reporting to the President & CEO; working collaboratively with professionals in the Finance, Legal, Real Property, and various other departments at BPCA; and leading teams of external consultants as necessary, the Vice President of Real Estate drives efforts in pursuit of the Authority’s affordable housing goals and the City and State’s financial well-being, along with myriad other programmatic objectives. The successful candidate leads negotiations and engagement with building owners, facilitates the coordination of multi-disciplinary administrative business units and roles related to the asset management process at BPCA, and holds primary accountability for the enforcement of ground lessee’s obligations under their respective agreement(s) with BPCA, and works with the units responsible for monitoring all obligations to identify lapses in compliance and to address them with the lessee.
The Vice President of Real Estate will assist in the onboarding of a new lease management system and bolster policies and procedures to ensure the timely enforcement of lease obligations. They will provide clarity with internal and external stakeholders of the terms of the leases; perform analysis to proactively identify potential risks, obligations, lease delinquencies and revenue losses; and ensure coordination across BPCA in its approach to addressing issues with ground lessees.
They will also perform other functions as required.
Education and Experience:
Skills:
Physical Requirements: N/A
Full Time
$187k-292k (estimate)
04/07/2024
06/05/2024
bpca.ny.gov
NEW YORK, NY
50 - 100
1968
JAMES F GILL
$200M - $500M
The job skills required for Vice President of Real Estate include Negotiating, Project Management, Coordination, Written Communication, etc. Having related job skills and expertise will give you an advantage when applying to be a Vice President of Real Estate. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Vice President of Real Estate. Select any job title you are interested in and start to search job requirements.