Ë¿¹ÏÊÓƵ

Real Estate and Business Services provides accurate, timely support and guidance to help University of Missouri System departments manage their real estate needs effectively. 

The office serves as the central point for collaboration across campuses and departments, working to acquire real estate at the lowest cost, ensure assets are used to maximize institutional benefit and sell properties for the greatest return when they are no longer needed. 

Overview

Real Estate and Business Services works closely with real estate coordinators (RECs) at each campus to:

• Assist in the determination of how best to meet the need for additional space by renovating existing space, leasing space, buying a facility or constructing new space. 

• Acquire, at the lowest cost, real property needed to accomplish the mission of the University. Acquisition may be through purchase, donation or, when necessary, condemnation. Most of these properties will have been identified in campus Master Plans. 

• Sell, for maximum value, real property that is not needed by the University. Most of these properties are received from donors. 

• Lease University space/land to others for maximum return/benefit to the University. These leases include retail space in common areas, houses on University farms, space in a sports or performing arts facility, land in research parks, communications tower sites and others. 

• Lease space/land from others when needed by the University, at lowest cost. These leases include medical clinics and MU Extension office space throughout the state, warehouse space, classrooms at off-campus locations, farmland for research and others. 

• Obtain or grant easements needed by the University or other entities. These are primarily easements granted to utility companies when it is necessary for their services to cross University property. 

• Maintain the official documents and records for University real estate activities. 

Contact Real Estate and Business Services by email, umrealestate@umsystem.edu.