Director of Commercial Real Estate Asset Management

The Presidio Trust is seeking a Director of Commercial Real Estate Asset Management to join its Business Division. The Presidio Trust is a unique federal agency that stewards and shares the Presidio, one of the most visited national park sites in America and a place where people live and businesses thrive. The Trust manages the Presidio through a triple bottom line focus: being visited and loved by all, being a model of environmental stewardship, and demonstrating excellence in our operations.

Operating at the rare intersection of public mission and private-sector discipline, the Trust manages one of the most unique commercial real estate portfolios in America. The Director of Commercial Real Estate Asset Management (Asset Manager) provides strategic leadership for a 2.8 million square foot commercial real estate portfolio. This role is responsible for developing and executing long-term asset management plans, setting overall financial and operational goals, and reporting performance to senior leadership. The Asset Manager also oversees the internal commercial leasing team and manages third-party management companies, including the commercial property management, hotel and golf course operators. This is an opportunity for a leader who believes that strong financial performance and public purpose can work together to create lasting value.

This is a full-time position with benefits and an anticipated hiring range of $196,146 to $220,709, based in the San Francisco Bay Area. Final salary will be determined based on qualifications, experience, and internal equity. In exceptional cases, we may consider candidates up to the full salary range maximum of $245,270. Applications received by June 22, 2026 will receive first consideration.

Responsibilities

• Lead the development and execution of an integrated asset management strategy aligned with the Presidio Trust’s strategic goals of People, Planet, and Performance, ensuring measurable outcomes and long-term portfolio sustainability.
• Prepare and manage a multi-year financial strategy for a complex commercial portfolio, including a rolling five-year financial model encompassing profit and loss, cash flow, and balance sheet. Work in collaboration with the third-party operators and internal Business and Finance divisions to optimize portfolio performance and manage financial risk.
• Develop and manage the annual business operating plan and budget, including monthly cash flow projections and capital planning, while supporting long-term asset preservation and ensuring compliance with building code, historic preservation requirements, and environmental regulations.
• Drive portfolio performance using financial reports and data analysis, including developing and tracking key performance indicators (KPIs) and benchmarking against budget and market standards. Identify variances and work with appropriate teams to implement necessary improvements.
• Oversee third-party management firms (commercial property management, hotel and golf operations), ensuring day-to-day operations align with portfolio objectives, performance expectations, and contract requirements. Support procurement, selection, and contract negotiations in coordination with senior leadership.
• Manage asset lifecycle activities, including operations, maintenance, and capital replacement, ensuring assets within the portfolio are maintained pursuant to all Presidio Trust policies and procedures, lease requirements, and applicable codes and regulations.
• Perform other duties as assigned.
• See full job description at https://presidio.gov/about/presidio-trust/careers

Supervisory Responsibilities

Directly and indirectly supervises up to six (6) full-time employees. Carries out supervisory responsibilities in accordance with the organization’s policies, directives and applicable laws. Responsibilities include interviewing, hiring, and training and mentoring employees; planning, assigning, and directing work; appraising performance; fostering continuous improvement and staff development; approving timecards and authorizing time off; coaching and disciplining employees; and addressing complaints and resolving problems.

Required Qualifications

• Bachelor’s degree in real estate, business, hospitality, finance, urban planning, or related field.
• Minimum of 12 years of progressively responsible experience providing asset management services for large, institutional-quality mixed-use portfolios, including combinations of office, retail, event venues, hotels, food service, and/or cultural properties.
• Strong experience in financial analysis, budgeting, and forecasting, with the ability to interpret and apply financial performance metrics to support portfolio decision-making.
• Demonstrated experience supporting or leading leasing strategies, including tenant underwriting, participation in commercial lease negotiations, and management of tenant relationships.
• Experience overseeing third-party management firms, including monitoring performance, supporting contract negotiations and ensuring compliance with management agreements.
• Experience developing or contributing to the development and implementation of capital improvement and investment programs.
• Ability to analyze complex financial and operational issues and develop practical, data-informed solutions.
• Strong leadership and interpersonal skills, with the ability to work effectively across teams and influence outcomes.
• Excellent verbal and written communication skills, including the ability to present complex information clearly to a range of audiences.
• Proficiency in Microsoft Office applications, including Word, Excel, PowerPoint, Outlook, OneNote, Teams, and SharePoint.
• Working knowledge of AI productivity tools (e.g. Microsoft Copilot, ChatGPT, or similar platforms) and the ability to apply them to improve efficiency and decision support.

Desired Qualifications - see full job description at https://presidio.gov/about/presidio-trust/careers

Background Check - see full job description at https://presidio.gov/about/presidio-trust/careers

Financial Disclosure - see full job description at https://presidio.gov/about/presidio-trust/careers

The Presidio Trust is an equal opportunity employer, offering a competitive benefits package. To learn more, visit www.presidio.gov/about/presidio-trust/careers.