The Real Estate Department of the URA oversees acquisition, maintenance, and conveyance of our property portfolio. In addition, the Real Estate department is the URA's representative in the city's land recycling efforts, and it collects and analyzes data to assist with policy formation and decision making.
Building and refining the URA portfolio
The Real Estate Department identifies, analyzes, and acquires properties throughout the city for development projects and site assemblage. The Real Estate Department also manages the URA's portfolio of over 1,400 properties through leases, short term license agreements, and our lot maintenance (LandCare) programs.
Adhering to the Pennsylvania Redevelopment Law
As a Redevelopment Authority, the URA is bound by the state's Redevelopment Law. The Real Estate Department is responsible for ensuring that property conveyances and dispositions follow the requirements of state redevelopment law. In this role, the URA vets potential redevelopers and land uses, confirms that redevelopment projects are consistent with neighborhood and community needs and goals, and holds redevelopers responsible for completing projects as approved.
Essential to land recycling
The Real Estate Department is also the URA's connection to the city's larger land recycling initiatives. In furtherance of that role, the Real Estate Department continues to gather data to help guide strategic planning on acquiring land/structures, identifying nuisance properties, and providing real estate market level analysis.