51³Ô¹ÏÍø

Real Estate Services provides systemwide leadership for the strategic use of real estate assets and transactional services to colleges, universities, and the system office. All college and university real estate with the exception of real estate owned by recognized foundations is owned by the State of Minnesota, by and through the Board of Trustees of 51³Ô¹ÏÍø, on behalf of the college or university. 

• Leasing. 51³Ô¹ÏÍø system operates approximately 28 million square feet throughout the state of Minnesota. As a general rule, use of college or university facilities by a third party requires a written agreement governing such use. Likewise, a written agreement is required whenever a college or university seeks to lease property off campus.
• Acquisitions. Acquisition of real estate is governed by ,  and state statutes. The Board and statutes apply in nearly a uniform manner for nearly all acquisitions, although how an acquisition is funded may impact exactly how the acquisition milestones are reached.
• Carpentry. 51³Ô¹ÏÍø has specialized statutory authority to acquire, develop, construct and sell residential properties.
• Easement and License. 51³Ô¹ÏÍø grants revocable easements and licenses to parties that wish to install utilities or other infrastructure across college and university lands or who wish to otherwise come on a college or university property to do work. A party seeking an easement across a college or university campus must pay fair compensation for the easement right.

For further information contact Paul Harrington.