{"id":10,"date":"2025-12-08T23:40:08","date_gmt":"2025-12-08T23:40:08","guid":{"rendered":"https:\/\/www.purdue.edu\/operations\/real-estate-space-management\/?page_id=10"},"modified":"2026-03-17T00:46:51","modified_gmt":"2026-03-17T00:46:51","slug":"real-estate","status":"publish","type":"page","link":"https:\/\/www.purdue.edu\/operations\/resa\/","title":{"rendered":"Real Estate"},"content":{"rendered":"\n<div  class=\"purdue-home-cta-banner purdue-home-rtb-hero purdue-home-rtb-hero--stack\">\n    <div class=\"image\">\n                    <img decoding=\"async\" alt=\"\" src=\"https:\/\/www.purdue.edu\/operations\/resa\/wp-content\/uploads\/sites\/13\/2025\/12\/Bell-Tower-RJM-0318-1.jpg\"\/>\n            <\/div>\n    <div class=\"section has-padding-top-large has-padding-bottom-large\">\n        <div class=\"container\">\n            <div class=\"purdue-home-rtb-hero__content-wrap\">\n                                    <p class=\"purdue-home-hero__subheader tagged-header tagged-header--gold purdue-home-rtb-hero__subheader\">Real Estate &amp; Space Administration<\/p>\n                \n                                                        <h1 class=\"second-level-page-heading purdue-home-rtb-hero__header \">Real Estate<\/h1>\n                \n                                    <p class=\"purdue-home-rtb-hero__subtext\">The Real Estate Office provides services for the purchase, lease, sale and management of property, in addition to maintaining a real estate inventory for the university.<\/p>\n                \n                                    <ul class=\"purdue-home-button-list\">\n                                                                                <li class=\"\">\n                                <a class=\"purdue-home-button purdue-home-button--black\" href=\"#request-project\" target=\"_self\" > How to request a project<\/a>\n                            <\/li>\n                                                                                <li class=\"\">\n                                <a class=\"purdue-home-button purdue-home-button--black\" href=\"#project-process\" target=\"_self\" > Project Process<\/a>\n                            <\/li>\n                                            <\/ul>\n                            <\/div>\n        <\/div>\n\n                    <div class=\"purdue-home-rtb-hero__slider-wrap container\">\n                <div class=\"purdue-home-rtb-hero__stack-wrap\">\n                                                                        <figure class=\"image\">\n                                <img decoding=\"async\" src=\"https:\/\/www.purdue.edu\/operations\/resa\/wp-content\/uploads\/sites\/13\/2025\/12\/Founders-Park-RJM-0474-3.jpg\" alt=\"\"\/>\n                            <\/figure>\n                                                                                                <figure class=\"image\">\n                                <img decoding=\"async\" src=\"https:\/\/www.purdue.edu\/operations\/resa\/wp-content\/uploads\/sites\/13\/2025\/12\/2024_KAL_3262-Edit-2.jpg\" alt=\"\"\/>\n                            <\/figure>\n                                                                                                <figure class=\"image\">\n                                <img decoding=\"async\" src=\"https:\/\/www.purdue.edu\/operations\/resa\/wp-content\/uploads\/sites\/13\/2025\/12\/Bell-Tower-RJM-0318-1.jpg\" alt=\"\"\/>\n                            <\/figure>\n                                                            <\/div>\n            <\/div>\n            <\/div>\n<\/div>\n\n\n<div  class=\"section has-gray-background \">\n    <div class=\"container\">\n                \n\n<div class=\"wp-block-columns page-layout-columns columns is-multiline is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column column is-full-tablet page-layout-main is-layout-flow wp-block-column-is-layout-flow\">\n<div  class=\"purdue-home-intro-text has-layout-two-line \">\n        <div class=\"section has-none-background has-no-sidepadding\">\n        <div class=\"container\">\n            \n                            <div class=\"columns has-two-columns has-line\">\n                    <div class=\"column\">\n                        <h3 class=\"purdue-home-intro-text__header header-font-acumin\">The University&#8217;s Agent<\/h3>                    <\/div>\n                    <div class=\"column\">\n                        \n\n<p class=\"wp-block-paragraph\">As the acting real estate agent, advisor and manager for Purdue University\u2019s colleges and departments, the Real Estate Office is the subject matter expert for real estate ownership and processes and is responsible for:<\/p>\n\n                    <\/div>\n                <\/div>\n            \n                    <\/div>\n    <\/div>\n<\/div>\n\n\n\n<section  class=\"purdue-home-link-cards \">\n\n    <div class=\"section has-none-background has-padding-top-none has-no-sidepadding\">\n        \n        <div class=\"container\">\n                            <div class=\"purdue-home-link-cards__cards\">\n                    <div class=\"columns is-multiline\">\n                        \n\n<div class=\"column is- is-6-desktop is-half-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-white-background\">\n<h5 class=\"wp-block-heading has-text-align-center\"><strong>Real estate transaction management<\/strong><\/h5>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-6-desktop is-half-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-white-background\">\n<h5 class=\"wp-block-heading has-text-align-left\"><strong>Acquisition, disposition, leasing and property management<\/strong><\/h5>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-6-desktop is-half-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-white-background\">\n<h5 class=\"wp-block-heading has-text-align-left\"><strong>Project management, including estimates, design review, approvals and coordination<\/strong><\/h5>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-6-desktop is-half-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-white-background\">\n<h5 class=\"wp-block-heading has-text-align-left\"><strong>Transaction evaluation and coordination<\/strong><\/h5>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-6-desktop is-half-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-white-background\">\n<h5 class=\"wp-block-heading has-text-align-left\"><strong>Executive reviews and evaluation with key stakeholders<\/strong><\/h5>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-6-desktop is-half-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-white-background\">\n<h5 class=\"wp-block-heading has-text-align-center\"><strong>Lease administration<\/strong><br><\/h5>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-6-desktop is-half-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-white-background\">\n<h5 class=\"wp-block-heading has-text-align-center\"><strong>Easements<\/strong><br><\/h5>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-6-desktop is-half-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-white-background\">\n<h5 class=\"wp-block-heading has-text-align-center\"><strong>Land use planning<\/strong><br><\/h5>\n<\/div><\/div><\/div>\n\n                    <\/div>\n                <\/div>\n            \n                    <\/div>\n    <\/div>\n<\/section>\n<\/div>\n\n\n\n<div class=\"wp-block-column column is-one-quarter-desktop is-full-tablet is-full-mobile page-layout-sidebar is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n<\/div>\n\n    <\/div>\n<\/div>\n\n<div  class=\"section \">\n    <div class=\"container\">\n                \n\n<div class=\"wp-block-columns page-layout-columns columns is-multiline is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column column is-full-tablet page-layout-main is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"request-project\">How to Request a Project<\/h2>\n\n\n\n<section  class=\"purdue-home-link-cards \">\n\n    <div class=\"section has-none-background has-padding-top-small has-padding-bottom-small has-no-sidepadding\">\n        \n        <div class=\"container\">\n                            <div class=\"purdue-home-link-cards__cards\">\n                    <div class=\"columns is-multiline\">\n                        \n\n<div class=\"column is- is-12-desktop is-full-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-gray-background\">\n<ol class=\"wp-block-list\">\n<li><strong>Talk to us.<\/strong> Before getting too far down the path on your own, let our subject matter experts help guide you along the way.&nbsp;<\/li>\n<\/ol>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-12-desktop is-full-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-gray-background\">\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Complete the <a href=\"https:\/\/purdue.ws\/spacerequest\">Space Request Form<\/a><\/strong>. The form will help&nbsp;describe your request in detail and provide a point-of-contact so we can get back to you.<\/li>\n<\/ol>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-12-desktop is-full-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-gray-background\">\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Work with us.<\/strong> After we receive your Space Request, we will contact you to ensure we have all the necessary information.<\/li>\n<\/ol>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"column is- is-12-desktop is-full-tablet\"><div class=\"purdue-home-cta-card purdue-home-cta-card--story\"><div class=\"flex-container flex-container--align-center has-gray-background\">\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Begin the project.<\/strong> Once we understand and have all the appropriate details about your request, we will begin a project by assigning a team or individual to your request.<\/li>\n<\/ol>\n<\/div><\/div><\/div>\n\n                    <\/div>\n                <\/div>\n            \n                    <\/div>\n    <\/div>\n<\/section>\n<\/div>\n\n\n\n<div class=\"wp-block-column column is-one-quarter-desktop is-full-tablet is-full-mobile page-layout-sidebar is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n<\/div>\n\n    <\/div>\n<\/div>\n\n<div  class=\"section has-gray-background \">\n    <div class=\"container\">\n                \n\n<div class=\"wp-block-columns page-layout-columns columns is-multiline has-transparent-background-color has-background is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column column is-full-tablet page-layout-main is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"project-process\">Project Process<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As real estate project managers, we handle a variety of real estate transactions including leases, acquisitions, sales and easements. Throughout the process, we strive to meet both your expectations and the goals of the university. Projects are broken up according to the following phases:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Project Initiation: <\/strong>We will help you acquire the requisite approvals to move the transaction forward.<\/li>\n\n\n\n<li><strong>Data Gathering: <\/strong>We will lay the foundation for the entire project by interviewing you to understand your project goals, as well as assemble and review various data, including your budget and market research.<\/li>\n\n\n\n<li><strong>Determine the Best Solutions: <\/strong>We will identify options within the university or within the market to best meet your needs and evaluate their operational and financial viability, then acquire the appropriate approvals to move forward with negotiations.<\/li>\n\n\n\n<li><strong>Project Negotiation: <\/strong>We will negotiate with the counter-party to obtain the best possible terms for you.<\/li>\n\n\n\n<li><strong>Due Diligence: <\/strong>We will ensure existing conditions (e.g. survey, title, environmental state and building conditions) are acceptable to you and the university.<\/li>\n\n\n\n<li><strong>Document Preparation: <\/strong>We will work with Purdue\u2019s Office of Legal Counsel and other key university departments to navigate the transaction.<\/li>\n\n\n\n<li><strong>Approvals and Execution: <\/strong>We will secure all necessary approvals of university leaders and key stakeholders and close out the transaction.<\/li>\n\n\n\n<li><strong>Subject Matter Expertise: <\/strong>We will continue to be a valuable resource for you after your project is completed.<\/li>\n\n\n\n<li><strong>On-going Project Management Support: <\/strong>We will be a liaison or provide project management services for the next step in your project \u2013 be it a space move, build-out or connecting you with the Capital Asset Management team.<\/li>\n<\/ol>\n<\/div>\n\n\n\n<div class=\"wp-block-column column is-one-quarter-desktop is-full-tablet is-full-mobile page-layout-sidebar is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n<\/div>\n\n    <\/div>\n<\/div>\n\n<div  class=\"purdue-home-cta-strap \">\n    <div class=\"section has-gold-background\">\n        <div class=\"container\">\n            <p class=\"purdue-home-cta-strap__content\">As a department of Administrative Operations, We Power Purdue.<\/p>\n            <div class=\"purdue-home-cta-strap--wrap\">\n                                                            <a class=\"purdue-home-button purdue-home-button--black\" href=\"https:\/\/www.purdue.edu\/operations\/\" target=\"_self\" >Visit Site<\/a>\n                  \n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-10","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.purdue.edu\/operations\/resa\/wp-json\/wp\/v2\/pages\/10","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.purdue.edu\/operations\/resa\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.purdue.edu\/operations\/resa\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/operations\/resa\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/operations\/resa\/wp-json\/wp\/v2\/comments?post=10"}],"version-history":[{"count":12,"href":"https:\/\/www.purdue.edu\/operations\/resa\/wp-json\/wp\/v2\/pages\/10\/revisions"}],"predecessor-version":[{"id":594,"href":"https:\/\/www.purdue.edu\/operations\/resa\/wp-json\/wp\/v2\/pages\/10\/revisions\/594"}],"wp:attachment":[{"href":"https:\/\/www.purdue.edu\/operations\/resa\/wp-json\/wp\/v2\/media?parent=10"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}