Real Property and Asset Management Program

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The City of Newport Beach owns and/or holds in trust a variety of real property assets, both income and non-income producing.  The income producing properties vary in use from residential developments, tidelands with yacht basins and upland office space, to telecommunication sites.  The City's non-income producing properties also vary in use and include beaches, parks, open space preserves and reservoirs, parking lots, libraries, community centers, and police and fire stations.

A Real Property and Asset Management Program was created by the City in 2012 to oversee all of the properties, with a focus on management of the various income producing properties.  The City of Newport Beach recognizes that a strategic asset and property management approach is necessary for the long-term viability and sustainability of its real estate assets.  The Program has been tasked with managing the City's portfolio of assets to ensure that the highest and best use, and the highest value of the property is being considered and maximized.  The Program also oversees day-today operational management of the property and tenants, including collecting rent and maintenance.  In adherence with City Council Policy F-7 Income Property, the goal of the program is to serve the public's interest and to maximize the public benefit.

The Real Property and Asset Management Program is managed by Lauren Wooding, Real Property Administrator.  If you have any questions you may reach her at (949) 644-3236 or lwooding@newportbeachca.gov.