Department of Real Estate & Asset Management (DREAM)

The City of Miami's Department of Real Estate & Asset Management (“DREAM”) manages an estimated $17.5 Billion real estate asset portfolio in Miami's tropical metropolis comprised of over 513 properties, 139 Million square feet of islands, three marinas of over 1,300 boat slips, moorings and dry racks, retail malls, hotels, office buildings, multifamily, theaters, stadiums, parking garages, historic properties, long term ground leases, upland and submerged lands.  

The Department operates a $30 Million real estate operating budget and has two main divisions, Asset Management and Marina Management.  The Asset Management Division oversees the leasing, acquisition, disposition and public private partnerships involving City owned properties.  The Marinas Division manages and operates three marinas comprising over 1,300 boat slips, moorings and dry racks.

DREAM

Dream Main

Dinner Key Marina

Dinner-Key.png

Bayside

bayside2.png

Centrust Tower

Centrust-Tower.png

Hyatt

Hyatt2.png

Marine Stadium

Marine-Stadium.png

Department Head

Andrew Frey, Director
AFrey@miamigov.com 305-416-1458

Directs all functions of the Department, reports to City Manager and Assistant City Manager, provides information to elected officials, coordinates with other Departments, strategic planning, budgeting, personnel, policies, administration, and other Department-wide activities.

 

Manages all new revenue activities (non-marina, non-venue), including marketing, negotiating, and closing new leases, licenses, management agreements, and other revenue agreements and related documents, and coordination with other Departments. Also assists other Departments to find and negotiate leases.

 

Manages all acquisition, disposition, and transfer of property and property rights including easements, covenants, and other recorded documents. Manages the sourcing of properties, tracking of city-owned properties, marketing, and sale of properties, negotiating agreements and related documents, due diligence, closing, and coordination with other Departments.

 

Manages all Department venues and related spaces, including operations, inspections, maintenance, marketing, revenue generation and collection, vendor agreements, payment of operating expenses, reporting, recommending opportunities to increase revenue and reduce expenses, identifying capital needs, and maintaining operating permits.

 

Manages all City-owned marinas, including operations, inspection, maintenance, marketing, revenue generation and collection, vendor agreements, payment of operating expenses, reporting, recommending opportunities to increase revenue and reduce expenses, identifying capital needs, and maintaining operating permits.

View our Marinas Page

 

Manages all non-marina, non-venue properties and manages annual financial performance of all Department properties. Includes operations, inspections, maintenance, tenant relations, revenue agreement compliance, collections, vendor agreements, payment of operating expenses, reviewing financial statements and other records, reporting, recommending opportunities to increase revenue and reduce expenses, and maintaining operating permits.