Harvard Real Estate Services, also known as HRES, is a department that is governed by The Office of the Harvard University CIO. The department manages a portfolio of office and commercial properties. It manages a residential real estate unit that is responsible for providing housing solutions to graduate students. Harvard Real Estate Services also operates a financial services unit that offers data to support strategic property planning projects. The department manages a project management unit that provides consulting services for design and construction projects. In addition, it operates a university and commercial real estate unit. Harvard Real Estate Services offers capital approvals for Harvard-funded projects.