The Virginia Tech Foundation, Inc. (Foundation) was established in 1948 to receive, manage, and disburse private gifts in support of Virginia Tech programs. The Foundation is a 501(c)(3) nonprofit corporation governed by its board of directors. The Foundation serves the university by generating funding from private sources and aggressively managing its assets to provide funding which supplements state appropriations. The Foundation provides additional operating support to colleges and departments, assists in the funding of major building projects, and provides seed capital for new university initiatives.

Responsibilities:

• Provide broad-based technical, qualitative, fiscal and analytical assessment for planning, evaluation, budgeting, implementing and expediting real estate ventures of the Foundation in compliance with internal approvals and governance policies.
• Assists Director in providing strategic planning and management for new development projects and redevelopment of existing Foundation real estate assets including interacting with university personnel and other prospective tenants.
• Assists Director in negotiating acquisitions and dispositions of real property to include determination of market value, evaluation of due diligence (title, environmental reports, feasibility studies, surveys, etc.) and analysis of business terms.
• Maintains necessary real estate license to ensure compliance with state law and assists Director with acquisitions and dispositions of real estate assets.
• Assists Director in negotiating leases with third parties and preparing analysis regarding business terms including spreadsheets summarizing NOI (net operating income) and IRR (internal rate of return).
• Assists Director in evaluating potential gifts of real estate to determine whether the Foundation should accept or decline the gift.
• Supervise the VTF property management team to maximize real estate cash flow and ensure that the Foundation’s extensive and diverse real estate portfolio performs at highest levels.
• Assists with management of construction, maintenance, repairs and capital improvement program.
• Special projects as assigned.

Qualifications:

• Extensive experience (10+ years) in fiscal and real estate management involving all aspects of development, including construction, financing, property management and leasing.
• Extensive experience (7+ years) in real estate sales and acquisitions.
• Demonstrated experience working collaboratively across units/organizations and with multiple entities (i.e., developers, governmental officials, management).
• Demonstrated experience developing and managing operating and capital budgets, expense management, and service contracting.
• Demonstrated experience in negotiating retail/office leases.
• Experience in effectively managing contractors and vendors.
• Excellent written and verbal communication skills.
• Strong documentation, records retention and organizational skills.
• Willing and able to travel throughout the Commonwealth of Virginia and the United States as required to oversee the Foundation’s extensive real estate portfolio and to complete due diligence on properties that are either gifted to or purchased by the Foundation.

Education, Licensure, and Certification:

• Bachelor’s degree in business, finance, public administration or allied field with progressive experience in real estate, construction management or related area.
• CPM (Certified Property Manager) designation from IREM (Institute of Real Estate Management) preferred.
• Real Estate license issued by the Commonwealth of Virginia Department of Professional and Occupational Regulation preferred.