Vice President, Real Estate & Property Management

About the role

The Vice President, Real Estate & Property Management serves as the senior leader supporting the Chief Commercial Officer to efficiently manage the Department of Aviation’s (DOA) real estate portfolio for Philadelphia International Airport (PHL) and Northeast Philadelphia Airport (PNE).

Responsibilities

• Serves as senior property liaison for all Airport property at PHL and PNE including leased, assigned, or DOA-controlled space.
• Inventories, analyzes, and reports on book of business including sales, revenue, property transactions, lease status, vacancy, etc.
• Leads business strategy and initiatives for land development and commercial leasing of Airport property that generate both aeronautical and non-aeronautical revenue including land, terminal, general aviation, and air cargo facilities.
• Develops, negotiates, and drafts business terms for leases, licenses, easements, and other contract agreements authorizing use of Airport-controlled property in confidential collaboration with legal team.
• Establishes processes and procedures for property management and lease administration to ensure strong contract administration oversight, space allocation enforcement, and tenant compliance with terms and conditions for use of Airport property.
• Ledds and supervises staff team and establishes objectives, priorities, and assignments for property management.
• Reviews and assesses tenant design and construction plans for leased Airport property to ensure compliance with lease agreement terms and standards and to coordinate with other anticipated development or capital work.
• Leads and coordinates real estate land acquisition activities in collaboration with other DOA units including legal, engineering, and finance, as needed, including facilitating and overseeing property appraisals and real estate broker services.
• Manages consultants in the preparation of land use feasibility studies and property appraisal valuations.
• Prepares Request for Proposals to evaluate and select revenue-generating concession operators or third-party commercial entities to develop Airport property.
• Prepares and presents City Council testimony and responses for legal depositions, ad hoc.

Requirements

Knowledge:

• Comprehensive understanding of commercial real estate principles, including leasing, property management, and land development in an airport environment.
• Deep knowledge of public-private partnerships (P3s) and their application in complex commercial real estate transactions.
• Familiarity with local, state, and federal regulations governing airport property transactions and real estate development.
• Expertise in contract negotiation, legal provisions, and lease administration related to real estate transactions.
• Strong understanding of financial analytics, including cost-benefit analysis, pro forma development, and revenue modeling.
• Knowledge of real estate market trends, including airport commercial development trends and local market conditions.
• Understanding of architectural drawings, aerial surveys, and land use planning to assess development feasibility.
• Principles and best practices of tenant relations, space allocation, and property compliance oversight.
• Knowledge of real estate appraisal methodologies and the processes involved in the transfer of real property.
• Principles of airport operations and how commercial real estate development contributes to aeronautical and non-aeronautical revenue generation.
• Best practices for stakeholder engagement, including collaboration with government agencies, private sector entities, and legal teams.
• Supervisory principles and team leadership to build and manage high-performing teams.

Skills:

• Proven ability to negotiate, close, and execute complex commercial real estate deals, including leases, easements, and development agreements.
• Strong analytical skills to assess financial viability, market feasibility, and economic impact of real estate projects.
• Ability to develop, interpret, and enforce legal agreements, ensuring compliance with airport regulations and lease terms.
• Experience leading multiple real estate projects, managing land acquisition activities, and overseeing tenant development.
• Ability to effectively represent the organization in high-level discussions with government officials, business leaders, and industry stakeholders.
• Ability to identify revenue-generating opportunities and implement strategies to maximize airport property value.
• Ability to address and resolve challenges in real estate development, tenant relations, and lease administration.
• Skilled in interpreting and applying real estate laws, policies, and contract provisions within an airport or governmental setting.
• Strong verbal and written communication skills, including preparing reports, City Council testimony, and legal depositions.
• Experience in managing and mentoring teams, establishing priorities, and delegating responsibilities effectively.

Abilities:

• Ability to develop and implement business strategies that drive commercial growth and optimize airport property use.
• Capacity to work collaboratively with legal teams, city officials, and private sector partners to facilitate large-scale property transactions.
• Ability to interpret architectural and engineering plans, ensuring alignment with lease agreements and airport infrastructure needs.
• Skill in analyzing and interpreting financial reports, revenue trends, and lease agreements to make data-driven decisions.
• Aptitude for leading cross-functional teams, fostering collaboration, and resolving conflicts effectively.
• Capacity to adapt to evolving market conditions, identifying new opportunities for commercial growth and airport development.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, Real Estate, Architecture, Engineering, Planning, Aviation or related field.
• Ten (10) years progressive experience in commercial real estate in the airport sector with a focus on property management, negotiation, revenue generation planning, and strategic execution.
• Completion of the examination for Certified Member of the American Association of Airport Executives (AAAE) is preferred.

Benefits

• Impact - The work you do here matters to millions.
• Growth - Philadelphia is growing, why not grow with it?
• Diversity & Inclusion - Find a career in a place where everyone belongs.
• Benefits - We care about your well-being.

Pay

$148,862 - $167,471

Schedule

Full-time