Red Line Director of Real Estate and Strategic Project Manager
5 days ago
We are seeking a highly skilled Red Line Director of Real Estate to join our team at the Maryland Department of Transportation. This is an exceptional opportunity for a seasoned professional to lead real estate acquisition efforts for the MTA's Red Line Transit Project.
About the RoleThis critical role involves developing and implementing real estate acquisition strategies to support the project's success. The Director of Real Estate collaborates extensively with Federal, State, and Local government officials, elected representatives, consultants, attorneys, and property owners.
Key Responsibilities- Oversight of the acquisition of real property rights for the MTA Red Line Transit Project.
- Management of significant right-of-way acquisition efforts in both Baltimore City and Baltimore County.
- Ensure compliance with legal and regulatory requirements during property acquisition.
- Development and refinement of policies and procedures related to real estate acquisition.
- Establishment of guidelines for property negotiations, valuation, and due diligence.
- Streamlining workflows to enhance efficiency in real estate transactions.
- Coordination with internal teams and external stakeholders to facilitate smooth processes.
- Prioritization of real estate acquisition activities based on project needs and timelines.
- Balance of competing demands to achieve project milestones.
- Management of consultant teams involved in real estate negotiations, appraisals, and title searches.
- Guidance provided to agency staff handling Red Line real estate matters.
The estimated salary for this position is $120,000 - $180,000 per annum, depending on experience. Additionally, the Maryland Department of Transportation offers a comprehensive benefits package, including health insurance, retirement plans, and paid time off.
Requirements- A bachelor's or master's degree in Real Estate, Business, Finance, Management, Business Administration, MBA, Accounting, Education, Marketing, or Economics.
- A minimum of 6 years of relevant experience in real estate, including a proven track record in property acquisition, development, management, and compliance with legal and regulatory requirements.
- Strong negotiation skills, financial analysis and budgeting abilities, familiarity with real estate deal economics, organizational and strategic planning abilities, understanding of property financials and investment evaluation.
The Maryland Department of Transportation is an equal opportunity employer that does not discriminate based on age, ancestry, color, creed, gender identity or expression, genetic information, marital status, mental or physical disability, national origin, race, religious affiliation, belief or opinion, sex or sexual orientation, or any other protected status.
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