The District of Columbia government is the second-largest real estate owner in Washington, D.C., after the U.S. Federal Government. The District government owns more than 30 million square feet of assets and land across the District and surrounding areas, collectively worth approximately $11.4 billion. Historically, the District has not maintained a comprehensive inventory of its assets and leases, which has hampered its ability to effectively manage its resources and properly monetize its asset base.
Since its inception as a consolidated agency in 2011, the District of Columbia Department of General Services (DGS) has been working to change that by building a portfolio framework for monitoring and managing the District’s owned lots and buildings as well as its leases, both as a landlord and lessee. Core functions within this framework include lease generation, space management, acquisition of real assets for agency needs, and public reservation of school assets. Part of this work is a comprehensive inventory and assessment of all District real assets, which has identified 647 sites populated by 810 buildings as “core assets.” In FY18, the assessment will review approximately 1,200 “secondary assets.” With the completion of the inventorying process, DGS will be in a prime position to make strategic, data-driven decisions for all District real property assets by putting the new portfolio framework into practice.
To support this work, Washington D.C. will partner with FUSE Corps to host an executive-level fellow for one year who will focus on implementing the DGS portfolio framework, infusing more sophisticated data analytics into the process and systematizing strategic decision-making for the District’s assets. Putting this system in place will improve the District’s ability to serve its residents most effectively, properly monetize its asset base to increase public resources, and keep residents safe during times of crisis when assets must be centrally managed to provide emergency services.
Project Summary & Potential Deliverables
The following provides a general overview of the proposed fellowship project. This project summary and the potential deliverables that follow will be collaboratively revisited by the host agency, the fellow, and FUSE staff during the first few months of the fellowship, after which a revised scope of work will be developed and agreed upon by the FUSE Fellow and the host agency.
Starting in September 2018, it is proposed the FUSE Fellow will work within the DGS Portfolio Division to support the implementation of the new portfolio framework and to institute a continuous improvement process. Drawing on proficiencies in data analytics and strategic decision-making, the fellow will work heavily with data in Archibus and other DGS systems to enable the agency to better use analyses such as forecasting and cost-benefit analysis for improved planning and decision-making.
As an experienced asset manager, the fellow will help the agency work through at least one year of life-cycle portfolio planning for District assets, thereby establishing a routine that will enable the agency to carry out and expand its portfolio management capacity in perpetuity. This will involve meeting with the various divisions in the agency to develop recommendations for how the agency should treat particular assets in the portfolio. The fellow will work collaboratively to answer questions such as: How can each asset be best utilized? Which should be turned to new uses? Should any be sold to the public or other entities? Do any need capital funding for improvement? Are certain types of assets better managed by other District agencies? Answering such questions by the end of the fellowship will allow the agency to begin its budgeting process in August with an accurate asset-management budget and will set up planning processes for the following years.
Success in this project will be evaluated in terms of the fellow’s ability to analyze data to determine best practices of management of City assets, work with agency stakeholders to assess the disposition of specific assets within the District’s portfolio and establish methodologies for asset management that can be replicated in future. The fellow should have a strong finance background with a focus in real estate and asset management and should be a strategic decision-maker who is effective at mapping out processes that can be seamlessly incorporated into a larger management structure. Overall the FUSE Fellow will be instrumental in helping DGS achieve the strategic planning elements of its portfolio framework:
- Portfolio planning: Produce an asset-management report that will lay out the highest and best use of assets; a disposition determination and surplus declaration; a lease-versus-sale analysis; and a set of asset performance measures.
- Occupancy strategy: Research how to maximize owned utilization; how best to consolidate and centralize; what political and economic development objectives are in play; and how best to establish long-term planning.
- Public service plan: Create a plan for how best to review holdings and track changes of public-facing assets such as public libraries and recreation centers.
- Rashad M. Young, City Administrator, District of Columbia
- Kevin Donahue, Deputy City Administrator/Deputy Mayor for Public Safety and Justice, District of Columbia Mayor’s Office
- Greer Gillis, Director, District of Columbia Department of General Services
- Yohance Fuller, Director of Portfolio Management Division, District of Columbia Department of General Services
- Ikeogu Imo, Deputy Director of Portfolio Management Division, District of Columbia Department of General Services
- Tiwana Hicks, Supervisory Realty Specialist for Portfolio Management Division, District of Columbia Department of General Services
- At least 15 years of professional experience in a financial field, particularly with a strong background in real asset management and high proficiency in data analytics.
- Superior critical thinking and analytical skills.
- Ability to synthesize complex information into clear and concise recommendations.
- Ability to relate to a wide variety of diverse audiences with strong emotional intelligence and empathy.
- Excellent stakeholder engagement skills and the ability to use facilitative leadership techniques to coordinate stakeholder activities.
- Self-motivated, goal-oriented, entrepreneurial leader who can also be an independent worker.
- Persistent in obtaining information and creatively resourceful in identifying solutions to complex problems.
- Ability to create direction and movement within potentially ambiguous
- Exceptional written and verbal communication skills with an ease in public presentations.
- Understands the need for solutions to support all people in a community regardless of race, religion, gender, immigration status, or ethnicity.
Click the link below to upload a resume and complete the online application questions in lieu of a cover letter. The application process will allow you to indicate interest in more than one fellowship opportunity. You only need to submit one application. Interested candidates are encouraged to apply as soon as possible, as selections will be made on a rolling basis and specific opportunities may close quickly.
A FUSE Fellowship is a 12-month engagement requiring fellows be primarily committed to their partnership with the government agency throughout the year to ensure the success of their project. Fellows are retained as independent contractors of FUSE Corps and are paid an annual stipend of $90,000 through monthly installments. This commitment begins on September 24, 2018 and ends September 20th, 2019.
The FUSE Fellowship is an equal opportunity program with a core value of incorporating diverse perspectives. We strongly encourage candidates from all backgrounds to apply.