University Real Estate and Development helps coordinate the acquisition, disposition and transfer of real property involving NC State and associated university entities.

These requests involve university review, state requirements and, in some cases, coordination with municipalities, foundations or other external partners. University Real Estate and Development helps guide stakeholders through the process and determine whether a proposed property action aligns with university needs and requirements.

What we help with

Acquiring Property

NC State units or associated entities considering the purchase of real property should contact University Real Estate and Development before taking action. Our team will help evaluate the request, identify required approvals and coordinate next steps.

Selling or Disposing of Property

University-owned or associated real property cannot be sold or disposed of without review. University Real Estate and Development helps determine the appropriate process and coordinate with the required university and state partners.

Transferring Property

Some requests involve transferring property interests between entities or clarifying ownership, use or responsibility. University Real Estate and Development helps review these requests and identify the correct path forward.

Before you begin

Be prepared to share:

• The property address or location
• Whether the request involves buying, selling, transferring or evaluating property
• The NC State unit or associated entity involved
• The reason for the proposed transaction
• Any deadlines or timing concerns
• Funding information, if a purchase is involved
• Known property constraints, leases, uses or conditions
• Any existing agreements or supporting documents

What to expect

1. Contact University Real Estate and Development early

Property transactions should begin with University Real Estate and Development. Early review helps avoid delays and ensures the request follows the correct process.

2. Initial evaluation

Our team will review the property, the request, the university purpose and any known constraints.

3. Coordination with required partners

Property transactions often require coordination with university leadership, the State Property Office, NC State-associated entities, foundations, legal counsel, municipal partners or other reviewers.

4. Approval review

The approval process depends on the type of property, ownership structure, value, funding source and proposed use.

5. Transaction process

Once approved, University Real Estate and Development will help coordinate required documentation and next steps.

Timeline Expectations

Buying, selling or transferring real property involves several layers of review. Timelines depend on the property type, ownership structure, required approvals, due diligence needs and external partners involved. Requests should begin as early as possible.

Frequently Asked Questions

Need to discuss a property transaction?

Contact University Real Estate and Development at [email protected] before moving forward with any purchase, sale or transfer involving university real property.