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.
• 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.