Director of Commercial Real Estate Asset Management
Presidio Trust
Application
Details
Posted: 08-May-26
Location: San Francisco, California
Type: Full Time
Salary: $196,146 - $220,709 per year
Salary Details:
In exceptional cases, we may consider candidates up to the full salary range maximum of $245,270.
Required Education:
4 Year Degree
Additional Information:
Hybrid/Remote is allowed.
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.
Lead and collaborate with the internal leasing team on marketing, tenant underwriting, lease negotiations, and occupancy strategies to support revenue goals and maintain a strong and balanced tenant mix.
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.
Partner with the Director of Building Stewardship to develop and implement a multi-year capital plan. Coordinate on budgeting, design, regulatory compliance (building code, historic, environmental), scheduling, and execution of maintenance, and capital projects to ensure delivery within scope, budget, and schedule.
Conduct building and property reviews to assess operational and management performance, identify risks and inefficiencies, and implement improvements to enhance asset value and performance.
Stay informed of local market trends and maintain professional relationships within the local real estate and hospitality communities to support decision-making and portfolio strategy.
Build and maintain effective working relationships with colleagues, tenants, partners and other key stakeholders to support collaborative, accountable and high-performing environment and align efforts with program goals.
Exercise sound judgement and a high level of independence in addressing complex issues, developing practical solutions and advancing portfolio priorities.
Perform other duties as assigned.
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
Advanced degree (e.g. MBA or related graduate degree) with concentration in real estate, business finance, urban planning, or related field.
Experience managing or supporting portfolios that include historic properties, public-sector assets, or campus-style environments.
Experience with historic building rehabilitation projects.
Experience with Yardi Voyager software.
Background Check
This position is subject to an employment background check which shall consist of a review of applicable county, state and Federal criminal and civil records, state bankruptcy indexes, driver’s license, education, and employment history. An individual’s granting of a background check and resulting report is voluntary. However, employment is contingent upon the successful completion of an employment background check. The Presidio Trust may refuse to hire an individual, may rescind an offer of employment to an individual, or may review and terminate the employment of a current employee not successfully completing the background check.
Financial Disclosure This position will require the completion of the U.S. Office of Government Ethics (OGE) Form 278, Public Financial Disclosure Report, both as a New Entrant into the position and annually thereafter. The purpose of the financial disclosure system is to assist employees and their agencies in avoiding conflicts between official duties and private financial interests or affiliations.
Located in the heart of the Bay Area, the Presidio is a National Historic Landmark and one of America’s most visited national park sites.
Long home to native people and later a military post under three flags, it’s now part of the Golden Gate National Recreation Area. It’s managed by the Presidio Trust, with the Partnership for the Presidio.
Today’s Presidio is a city within a city – and an oasis for rare wildlife. It’s a global visitor destination – and a bus ride away for millions of people. It’s a public park – and a place where people live and businesses thrive. And unlike other national parks, it’s operated with funds earned here, with every dollar spent going right back into park preservation.
While a beloved landmark, the Presidio is always transforming to be relevant and meaningful for its time. It’s a place that delivers all the great experiences you’d expect from a national park – and lots of surprises for visitors.
