Principal Property Development Officer

Job Description:

Principal Property Development Officer

Description

Marketing Statement

Ride BART to a satisfying career that lets you both: 1) make a difference to Bay Area residents, and 2) enjoy excellent pay, benefits, and employment stability. BART is looking for people who like to be challenged, work in a fast-paced environment, and have a passion for connecting riders to work, school and other places they need to go. BART offers a competitive salary, comprehensive health benefits, paid time off, and the CalPERS retirement program.

Job Summary

PAY RATE
$140,813.64/annually - $180,057.59/annually (AFSCME Pay Band H)
Negotiable starting salary will be between $ 140,813.64 /annually - $ 161,935.62 /annually depending on experience and education.

REPORTS TO
TOD Group Manager

CURRENT ASSIGNMENT

For consideration, please upload your cover letter along with your resume when completing the BART employment application form.

The initial application review will begin on July 29, 2024.

The ideal candidate will have the knowledge, skills, expertise, and abilities to:

• Coordinate solicitations and negotiations with developers, including working with BART’s General Counsel to advance legal real estate agreements (Exclusive Negotiating Agreements, Lease Options, Estoppels, Ground Leases, and others)
• Lead on collaboration with other BART departments whose responsibilities influence and interact with BART’s Transit Oriented Development (TOD) projects, including Planning, Customer Access, Maintenance and Engineering, Safety, and BART Police, among others.
• Lead processes to resolve any internal conflicts related to financial, design, operational, and other priorities to develop unified BART positions
• Develop and maintain relationships with local jurisdiction partners
• Be part of the team implementing Assembly Bill 2923 (2018, Chiu/Grayson) and SB 35 (2017, Weiner), and California’s Surplus Lands Act (Government Code sections 54220-54234)
• Lead on BART TOD projects from conception through construction and post-construction phases
• Represent BART TOD projects and policies in community forums, at public hearings, and to the BART Board of Directors
• Manage consultants’ and contractors’ work, and participate in budget oversight and billing
• Develop and oversee budget for BART staff reimbursements associated with development projects and grants
• Deepen BART’s knowledge and engagement with external funding and financing sources for TOD, including state housing and infrastructure funds, county and regional funds, Low Income Housing Tax Credits, New Markets Tax Credits, Opportunity Zones, and Enhanced Infrastructure Finance Districts (EIFDs

Beyond the minimum qualifications, the ideal candidate will also demonstrate the following skills, experience, and knowledge:

• Experience with real estate development in/for/as a partner with public sector (as employee, consultant, development partner)
• At least three years managing complex projects including at least one of the following: transit-oriented development, affordable housing, politically sensitive negotiations or policy

SELECTION PROCESS
This position is represented by American Federation of State, County, and Municipal Employees (AFSCME). Applications will be screened to assure that minimum qualifications are met. Those applicants who meet minimum qualifications will then be referred to the hiring department for the completion of further selection processes.

The selection process for this position may include a skills/performance demonstration, a written examination, and/or an individual or panel interview.

The successful candidate must have an employment history demonstrating reliability and dependability; provide copies of certificates, diplomas or other documents as required by law, including those establishing his/her right to work in the U. S.; pass a pre-employment medical examination which includes a drug and alcohol screen, and which is specific to the essential job functions and requirements. Pre-employment processing will also include a background check. (Does not apply to current full-time District employees unless specific job requires additional evaluations)

The selection process for this position will be in accordance with the applicable collective bargaining agreement.

APPLICATION PROCESS
External applicants may only apply online, at www.bart.gov/jobs. Applicants needing assistance with the online application process may receive additional information by calling (510) 464-6112.

Current employees are strongly encouraged to apply online, either at www.bart.gov/jobs, or on WebBART. Current employees may also apply using a BART paper application by delivering the completed form to the Human Resources Department, or by mailing it to P. O. Box 12688, Oakland, CA 94604-2688.

All applicants are asked to complete the application in full, indicating dates of employment, all positions held, hours worked, and a full description of duties. On line applicants are invited to electronically attach a resume to the application form to provide supplemental information, but should not consider the resume a substitute for the application form itself.

Applications must be complete by the closing date and time listed on the job announcement.

Examples of Duties

Assists in the management of the most complex real estate transactions undertaken by the Property Development Division including the sale and/or long-term lease of the District’s real property assets to the private sector and local land use jurisdictions in keeping with the District’s Transit-Oriented Development Policy.

Assists in the management of subordinate staff, consultants and contractors in assessing the viability of potential land use transactions, securing private sector entities to develop the District’s real property assets, assisting in securing entitlement from local land use jurisdictions, and negotiating real property transactions with the private sector.
Maintains control of implementation of Transit-Oriented Development projects throughout the BART organization to ensure TOD Policies and Board-adopted actions are fulfilled; interacts and works with various departments (e.g. Transportation, Maintenance and Engineering, Police, Customer Access, and Transit System Development).
Assists in the development of policy and procedures for handling District assets; administers programs; monitors legislative changes; makes changes as needed to policies and procedures; promotes application of public and private partnerships throughout all District activity.
Prepares contracts and agreements for requests for developer qualifications and/or development proposals; evaluates responses; makes recommendations and prepares information and memos for Management to submit to Board to accept/reject proposals, complete negotiations, and execute transactions.
Identifies modifications to existing BART policy to improve fulfillment of division goals and objectives; effectuates policy modifications as needed. Identifies Division needs in real property disposition activity; conducts research on tracking needs; coordinates market studies to determine rental and/or disposition values and cost analyses of property BART leases from others and of BART-owned property.
Conducts negotiations with the private sector, land owners adjacent to District assets and local land use jurisdictions to enlarge real property assets being considered for transit-oriented development; analyzes financial and physical impacts of combining real property assets in fulfilling BART TOD Policies and makes recommendations on disposition strategies.
Coordinates legal aspects of projects with District internal legal department and outside legal counsel, as appropriate; serves as expert witness in district litigation.

Assists in the management and coordination of the work of professional staff, consultants, and interns.

Represents the District in front of design review boards, planning commissions and city councils in support of development adjacent to the District’s rapid transit facilities; testifies in all land use forums in support of transit-oriented development.

May participate in the selection of assigned staff; coordinates staff training; works with employees to correct deficiencies; assists in the completion of performance appraisals; implements counseling and discipline procedures.

Minimum Qualifications

Education:
A Bachelor’s degree in business administration, public administration, property development or a closely related field from an accredited college or university.

Experience:
Four (4) years of (full-time equivalent) verifiable professional experience in the area of acquisition, appraisal, disposal, or management of real property.

Other Requirements:
Must possess a valid California driver’s license and have a satisfactory driving record.

Substitution:
Additional professional experience as outlined above may be substituted for the education on a year-for-year basis. A Bachelor’s degree is preferred.

Knowledge and Skills

Knowledge of:

• Operations, services and activities of a property disposition program.
• Methods and techniques of property management, and appraisal.
• Methods and techniques of land use development of all categories of land use.
• Principles and practices of land use planning.
• Basic principles and practices of construction engineering.
• Basic principles and practices of budget preparation.
• Current office procedures, methods and equipment including computers.
• Methods and techniques of legal documentation of real estate and real estate transactions.
• Related Federal, State, and local codes, laws, and regulations.
• Principles of supervision, training and performance evaluation.

Skill in:

• Independently performing property disposition and acquisition duties.
• Interpreting, explaining, and enforcing property development divisions policies and procedures.
• Performing relocation analyses and preparing recommendations.
• Developing and preparing relocation budget recommendations.
• Assessing real property values.
• Negotiating real property dispositions with private sector.
• Negotiating real property dispositions with local land use jurisdictions.
• Drafting real estate related documentation.
• Reading basic engineering plans, maps and related materials.
• Evaluating community services and transportation needs.
• Operating office equipment including computers and supporting word processing and spreadsheet applications.
• Working independently in the absence of supervision.
• Understanding and following oral and written instructions.
• Communicating clearly and concisely, both orally and in writing.
• Establishing and maintaining effective working relationships with those contacted in the course of work.

Equal Employment Opportunity GroupBox1

The San Francisco Bay Area Rapid Transit District is an equal opportunity employer. Applicants shall not be discriminated against because of race, color, sex, sexual orientation, gender identity, gender expression, age (40 and above), religion, national origin (including language use restrictions), disability (mental and physical, including HIV and AIDS), ancestry, marital status, military status, veteran status, medical condition (cancer/genetic characteristics and information), or any protected category prohibited by local, state or federal laws.

The BART Human Resources Department will make reasonable efforts in the examination process to accommodate persons with disabilities or for religious reasons. Please advise the Human Resources Department of any special needs in advance of the examination by emailing at least 5 days before your examination date at employment@bart.gov .

Qualified veterans may be eligible to obtain additional veteran's credit in the selection process for this recruitment (effective Jan. 1, 2013). To obtain the credit, veterans must attach to the application a DD214 discharge document or proof of disability and complete/submit the Veteran's Preference Application no later than the closing date of the posting. For more information about this credit please go to the Veteran's Preference Policy and Application link at www.bart.gov/jobs .

The San Francisco Bay Area Rapid Transit District (BART) prides itself in offering best in class benefits packages to employees of the District. Currently, the following benefits may be available to employees in this job classification.

Highlights

• Medical Coverage (or $350/month if opted out)
• Dental Coverage
• Vision Insurance (Basic and Enhanced Plans Available)
• Retirement Plan through the CA Public Employees’ Retirement System (CalPERS)
  • 2% @ 55 (Classic Members)
  • 2% @ 62 (PEPRA Members)
  • Reciprocity available for existing members of many other public retirement systems (see BART website and/or CalPERS website for details)

Money Purchase Pension Plan (in-lieu of participating in Social Security tax)

• 6.65% employer contribution up to annual maximum of $1,868.65

Deferred Compensation & Roth 457 Sick Leave Accruals (12 days per year) Vacation Accruals (3-6 weeks based on time worked w/ the District) Holidays: 9 observed holidays and 4 floating holidays Life Insurance w/ ability to obtain additional coverage Accidental Death and Dismemberment (AD&D) Insurance Survivor Benefits through BART Short-Term Disability Insurance Long-Term Disability Insurance Flexible Spending Accounts: Health and Dependent Care Commuter Benefits Free BART Passes for BART employees and eligible family members.

Closing Date/Time: Continuous

Salary:

$140,813.64 - $183,057.59 Annually