Assistant Director, Real Estate

Responsibilities

The Real Estate Department is responsible for driving transactions and advancing large-scale public-private real estate development projects for the Port Authority. The Real Estate Department also generates and executes key asset management strategies for high-profile Port Authority properties. We do this all through speed, collaboration, and creativity.

Major Responsibilities:

• Negotiate and structure the disposition of properties to private developers;
• Drive transactions from preliminary project ideation through underwriting and the request for proposals process to closing;
• Develop creative solutions and strategically structure public private partnerships to leverage the Port Authority’s real estate assets and create revenue for planned and future transportation initiatives;
• Partner with external public agencies, municipalities, and other stakeholders to effectuate long-term development, including initiatives that will maximize the value of the Port Authority’s real estate assets;
• Collaborate with internal departments including but not limited to the Office of Planning and Regional Development, Office of Financial Planning, Law Department, and Government and Community Relations as well as the business lines World Trade Center Operations, PATH, Port, and Tunnels, Bridges, and Terminals, Aviation;
• Propose creative solutions to executive leadership and socialize such solutions with internal partners to advance transactions quickly through gating issues or challenges and reach closing;
• Motivate and manage a team of staff with varying skill levels to execute on approved disposition, development, and asset management strategies.
• Manage junior staff in financial modeling and real estate valuation in order to diligence land value and proposed business terms;
• Mentor and support junior staff members in their professional development.

Qualifications

Candidates must present the following qualifications to be considered eligible for this position:

• Bachelor’s from an accredited college or university in Business Administration, Finance, Real Estate, Urban Planning, or other related field;
• Superior leadership abilities acquired through demonstrated record of increasingly responsible positions;
• Significant transactional experience and demonstrated proficiency in commercial real estate, disposition, financial analysis, knowledge of real estate contract terms, as well as knowledge of environmental reviews, land use regulations, and planning.

Desired

Ideal candidates will present the following profile:

• Advanced degree;
• Demonstrated experience successfully directing real estate initiatives in a large-scale organization with respect to budgeting, financial controls, building consensus and collaboration among staff at all levels and with various stakeholders;
• Demonstrated knowledge and experience valuing and transacting on various commercial real estate uses and asset classes, including office, retail, and mixed-use;
• Experience working with developers, senior leaders of municipal/state/federal economic development agencies;
• A proven track record in handling complex real estate transactions;
• Strong interpersonal skills with demonstrated ability to interact effectively with internal and external stakeholders;
• Ability to lead, motivate, mentor and develop diverse staff;
• Strong critical thinking, decision-making and problem-solving skills;
• Exceptional communication and presentation skills.