The purpose of the Real Estate Procedures is to provide background, guidance and procedures for conducting real estate activities at the University of Nevada, Las Vegas (UNLV).
Nevada Revised Statute (NRS) 396.420-430, grant the Board of Regents of the Nevada System of Higher Education (NSHE) authority to acquire, dispose of, and lease real property on behalf of its Institutions. The Board of Regents, through its Investment Committee, directs all real property activities.
The UNLV Senior Vice President for Finance and Business manages approximately 491 acres owned by the NSHE/UNLV on behalf of the university. Leases and intergovernmental agreements include about 41,103 square feet of office, studio, classroom, clinic, and research space and about 10 acres of land leased from other property owners at an annual rent of about $613,659. More than 144,000 square feet and 35 acres of property are leased to non-UNLV tenants. The Senior Vice President for Finance and Business (SVP FB) represents the interests of the NSHE Board of Regents, on half of the President. The SVP FB also coordinates real estate activities with the Boards of Trustees of the UNLV Foundation and UNLV Research Foundation.
The Executive Director for Administration directs real estate activities through the Director for Real Estate, who conducts day-to-day real estate operations. The real estate department is responsible for all UNLV real estate activities.
The real estate department also coordinates real estate activities with the UNLV Foundation, UNLV Research Foundation, and other university related non-profit organizations.
Real Estate Procedures