The Real Estate Department at VTA provides effective and efficient real estate support to all stakeholders, while increasing the value of VTA real estate assets. In addition, the department functions as VTA liaison for issues with local, regional, State and Federal government jurisdictional plans that impact VTA real estate assets.The Real Estate department is responsible for all real property and development for the entire agency, and consists of three specialized areas: asset management, capital projects, and joint development. In addition, the department is charged with administering constructing permits and providing utility coordination.
- The Property Management Group develops and executes short and long-range strategic plans for the ongoing management of VTA Property.
- Joint Development identifies VTA’s revenue generating real estate assets, and implements a strategy for those assets best suited for joint development. Joint development also analyzes the portfolio of assets to determine if any assets are no longer necessary for the agency’s use and can be sold.
- The Capital Projects Group is responsible for the development, implementation, and close out of capital projects, including the appraisal, acquisition, and relocation assistance.
- The Permits and Utility Locating Services Group is responsible for administering the VTA Permit Policy in order to protect and maintain VTA property.