Helbling has been retained by a private university in Maryland to lead an executive search for its newly created position of Chief Real Estate Officer (CREO). The CREO will serve as a member of the university’s senior leadership team, responsible for identifying and leading development opportunities; establishing and implementing long-term real estate portfolio strategies; and managing the daily real estate operations that support the institution's academic, research, community, and health care goals. The CREO will also serve as the expert in real estate development and finance, acquisitions/dispositions, asset management, land development, property management, and leasing.
The CREO will work closely with the Vice President of Facilities & Real Estate, Senior Vice President of Finance & Administration, President, Board Members, and varying internal and external stakeholders. The current portfolio for which the CREO will be directly responsible is spread across several of the university’s campuses in the greater Baltimore area, and Washington, D.C. It includes a 12 building portfolio and a hospitality venue. The current department that the CREO will be directly responsible for oversees more than 5M square feet of leases as lessee and lessor under management across all university campuses.
The CREO will serve as a direct report to the Vice President of Facilities and Real Estate while serving as a senior liaison across the university and health system. S/he will support and advise the President and Senior Vice President for Finance and Administration on several priority initiatives, including both as the lead on real estate development opportunities and the implementation of various financial and technical strategies in support of operations and cost reduction initiatives. The CREO will work also with senior leadership, deans, divisional business officers, department chairs, faculty, researchers, trustees, donors, and all internal stakeholders and/or team members on all matters related to real estate.
Acquisition and disposition of purchased and donated property
Real Estate Division Managerial and Program Oversight
The ideal candidate will be a committed and experienced professional with an understanding of the university’s mission of excellence in teaching, scholarship, public service, and research, and a strong appreciation for the complexities of a private university with multiple locations and constituencies. The successful candidate will have strong analytic and strategic skills, demonstrated leadership, and a commitment to diversity. In addition, the ideal candidate will understand and work toward accomplishing the President's vision for the university.
Additional requirements and experience include:
Search Consultant: Tom Dunn