Virginia Tech Foundation, Inc. · 1 month ago
Managing Director of Real Estate & Commercial
Blacksburg, VA, US
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expVirginia Tech Foundation, Inc. is a nonstock corporation established to manage the endowment and real estate portfolio of Virginia Tech. The Managing Director will be responsible for leading development opportunities, partnerships, and strategic positioning of the Foundation's real estate assets to achieve financial goals and advance the mission of the University.
Non Profit
Responsibilities
Lead the master planning, development, and repositioning of Foundation and Corporate Research Center assets into higher and better uses, aligning with long-term organizational goals
Develop and execute strategies for portfolio optimization, including acquisitions, liquidations, redevelopment, and strategic movement into new markets and property types
Identify, evaluate, and pursue opportunities to optimize the real estate portfolio, increase revenues, and elevate the Foundation’s assets through innovative development and negotiation
Serve as the chief negotiator for acquisitions, joint ventures, and development partnerships, ensuring favorable terms and alignment with Foundation objectives
Drive the redevelopment of mixed-use centers and commercial properties, leveraging market trends and data-informed insights to maximize value
Oversee the acquisition and liquidation of major donated assets, ensuring optimal and timely dispositions to generate income for University programs
Champion the creation and expansion of innovation clusters within the Corporate Research Center
Pursue public-private partnership (P3) opportunities and scale up technology transfer initiatives to support research commercialization and tenant engagement
Collaborate with the Innovations and Partnerships team to position the Corporate Research Center as a dynamic hub for research, entrepreneurship, and industry collaboration
Advise the CEO, Foundation Board, and VTCRC Board on major planning, development, and investment decisions, providing expert guidance and strategic recommendations
Participate in the internal Real Estate Investment Committee to evaluate, approve, and oversee viable development opportunities and new ventures
Prepare and present comprehensive market analyses, investment proposals, and strategic plans to senior leadership and governing boards
Grow portfolio value through targeted acquisitions, redevelopment, and new ventures, optimizing the value of held real estate assets
Solicit, evaluate, and pursue other commercial opportunities that align with the Foundation’s mission and financial objectives
Monitor financial performance of investment decisions, develop budgets, and implement strategies to maximize returns and ensure the sustainability of real estate investments
Build and maintain strong relationships with internal and external stakeholders, including University partners, tenants, vendors, and community leaders
Advise and collaborate with the CFO, VTCRC President, Chief Transformation Officer, and other key executives to ensure alignment of real estate strategies with organizational priorities
Represent the Foundation in negotiations, public forums, and industry events, promoting its interests and enhancing its reputation
Lead, supervise, and develop a high-performing team of in-house asset managers and third-party property managers, fostering a collaborative and results-oriented culture
Promote operational excellence, innovation, and continuous improvement across all aspects of real estate development and management
Ensure compliance with regulatory standards, safety protocols, and best practices in property management and development
Qualification
Required
A bachelor's degree in a related field
10 or more years of experience in real estate and commercial development or related functions
Commitment to integrity
High level of personal and organizational excellence
Preferred
Master's degree in a related field
Experience with planning and development of mixed-use commercial districts
Experience with retail development
Experience in financial analysis and evaluation
Company
Virginia Tech Foundation, Inc.
Virginia Tech Foundation, Inc.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$3MKey Investors
US Department of Commerce, Economic Development Administation
2019-09-20Grant· $3M
Leadership Team
David Greenberg
CIO
Recent News
Institutional Investor
2023-06-21
Institutional Investor
2022-11-01
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