Senior Associate Director, Portfolio Management

Redwood City, CA, United States (Hybrid)

Stanford Real Estate (SRE), a division within Land, Buildings and Real Estate (LBRE), plays an important role in supporting the academic mission of Stanford University. SRE’s mandate is to optimize the value of the University’s income-producing lands by combining real estate expertise with an institutional investment approach.

The Senior Associate Director is responsible for the management of certain commercial real estate assets in the prestigious Stanford Research Park portfolio. The SRP Portfolio is comprised of 10.7 million square feet of improved R&D and office buildings, characterized by significant business complexity, value-creation potential, and risk mitigation requirements. SRP’s current market value is $3.6B, with an underlying unencumbered fee simple value of $10B.

The Senior Associate Director is accountable for executing the near‑term and long‑term strategic plan, approved by the Board of Directors. The Senior Associate Director serves as a University representative to internal and external stakeholders, requiring critical thinking, professionalism, judgment, and discretion. The Senior Associate Director reports to the Managing Director.

Core Job Responsibilities

I. Strategic Asset Planning and Transaction Execution

Fulfill the SRP business plan to create property value and maximize risk‑adjusted returns through planning and analysis for specific assets. Specific responsibilities include:

• Develop and implement comprehensive long‑term strategic asset plans. Evaluate highest and best use of properties, make written recommendations to hold or sell properties, and promote reinvestment in building inventory.
• Identify opportunities for value and income growth through leasing, development, acquisitions, and/or dispositions based on market conditions.
• Secure approvals by conducting robust decision analyses, including financial analysis, legal analysis, design plans and budgets, and other relevant analyses. Present recommendations to and seek guidance from the Managing Director. Draft presentations, reports, transaction proposals and memoranda.
• Direct leasing efforts and negotiations, and support transactions at the discretion of the Managing Director. Prepare term sheets, review legal documents, and understand lease terms, landlord and tenant obligations, and critical risk points. Coordinate due diligence and brokerage/marketing strategy.
• Coordinate team of internal and external subject matter experts, including legal, finance, lease administration, environmental, market research, leasing, construction management and development.

II. Asset Management and Business Development

Perform most aspects of managing and owning real‑estate assets, resolve complex issues, and demonstrate tangible results. Serve as primary point person to operators, ground lessees, tenants, and third‑party property managers for SRP assets. Specific responsibilities include:

• Build strong relationships with internal and external stakeholders.
• Lead efforts to coordinate closely with team members responsible for financial management, financial analysis, lease administration, portfolio operations, development (including design and construction), environmental management, property management, and tenant programs.
• Develop strategies for business development, tenant recruitment, and marketing outreach.
• Responsible for business relationship management. Develop outreach strategies that maintain regular strategic communication with lessees and tenants and seek opportunities to align efforts and reinforce each other’s investment goals. Frequently visit properties and maintain current understanding of asset and tenancy status.
• Responsible for operational oversight; direct…