Director, Global Owned Real Estate Asset Management

Cisco•San Jose, CA

1d•$243,300 - $312,000•Hybrid

About The Position

The Director of Real Estate Global Asset Management leads the global front-end strategy, highest-and-best-use analysis, site selection and disposition, Real Estate due diligence, entitlement, development and master planning support for Cisco’s major owned-real estate assets and large campuses. This role is responsible for maintaining and increasing Cisco’s owned real estate asset and large campus values. The Director is responsible for advising on how the company’s owned real estate and large campus portfolio, should best be used, repositioned, reinvested in, expanded, contracted, leased against, or sold to support Cisco’s business strategy. The role will translate business needs, portfolio data, financial inputs, operational requirements, and market conditions into clear recommendations for investment and portfolio governance decisions. The role fills a critical gap by bringing together real estate development planning, portfolio strategy, land-use, entitlement, due diligence, and highest-and-best-use evaluation to drive global owned asset values and portfolio optimization decisions.

Requirements

15+ years of experience in real estate development and disposition, portfolio strategy, land use, entitlements, acquisitions, asset strategy, corporate real estate, or related owner-side real estate leadership.
Experience leading teams or complex cross-functional work streams in a matrixed environment.
Deep experience evaluating owned real estate assets, highest and best use, development, feasibility, entitlement pathways, regulatory approvals, redevelopment potential, and disposition options.
Experience with large-scale real estate portfolios and leading acquisition and disposition due diligence for complex land or property opportunities.
Strong understanding of owned-versus-leased alternatives, capital investment tradeoffs, asset repositioning, portfolio optimization, and governance approvals.
Experience leading external consultants, land-use counsel, planners, appraisers, development advisors, due diligence teams, and real estate analysts.
Ability to prepare and defend executive-level recommendations for investment steering committees, portfolio governance bodies, and capital approval forums.

Nice To Haves

Experience in a global technology company, corporate real estate organization, developer, institutional owner, REIT, real estate investment firm, or large owner-operator environment.
Experience with global portfolios and cross-border real estate strategy.
Experience developing master plans, entitlement strategies, conceptual site plans, phasing strategies, and early project approval materials.
Advanced degree or professional background in real estate, urban planning, architecture, engineering, business, finance, construction, or a related field.
Excellent leadership, communication, analytical, financial, and stakeholder management skills.
Exceptional presentation and executive communication skills, with the ability to clearly convey complex ideas to senior leadership.

Responsibilities

Lead the owned and large campus-portfolio optimization and global real estate asset management function across Cisco’s global real estate portfolio.
Lead and develop a small team focused on portfolio strategy, asset optimization, development and disposition planning, due diligence, entitlements, financial and risk analysis, and consultant coordination.
Analyze the existing owned real estate portfolio to identify highest-and-best-use opportunities, constraints, risks, and long-term strategic options.
Partner with WPR’s Global Business Partners to understand long-range business needs, growth plans, operating requirements, and location priorities.
Evaluate whether new business demand should be met through existing owned assets, leased alternatives, new real estate acquisitions, redevelopment, repositioning, or disposition, while balancing and maintaining the best asset values for Cisco.
Coordinate with Finance, Accounting and Tax to evaluate depreciation, book value, capital investment, operating cost, impairment, and financial, accounting and tax implications of hold, sell, reinvest, reposition, lease, or acquire scenarios.
Assess talent, workforce, location strategy, operational adjacency, infrastructure, market, regulatory, and business-continuity considerations.
Prepare hold / sell / reinvest / reposition / redevelop / lease / acquire recommendations for portfolio governance approval by Senior Leadership.
Source and evaluate new land or property opportunities when existing assets are not the right strategic fit.
Lead acquisition and disposition due diligence for property and land, including zoning, entitlement feasibility, title, survey, infrastructure, appraisals, market analysis, development risk and support environmental and energy engagements.
Partner with the Real Estate Transactions team on acquisition, disposition, and other market-facing transaction execution.
Work with Cisco Procurement and Legal to contract, onboard and manage the best external consultants, including land-use counsel, development planners, appraisers, real estate analysts, due diligence teams, and development advisors.
Coordinate with WPR PMO, Design & Construction and WPR Energy, EH&S and Engineering Teams on design and master planning consultant selection, early technical feasibility, delivery assumptions, and handoff readiness.
Support early-stage master planning, preliminary programming, conceptual design.
Lead entitlement packages, regulatory agency approvals for development phasing plans.
Guide planning and design efforts to preserve asset value on owned properties and large campuses, then hand off execution leadership to Design & Construction once entitlements are secured for large projects and is ready for delivery.
Establish repeatable data and reporting on owned asset optimization, due diligence, stage-gate, and development entitlement planning practices for the global real estate organization.
Maintain executive-ready materials, recommendations, assumptions, risks, options, and decision records for governance forums.

Benefits

medical, dental and vision insurance
a 401(k) plan with a Cisco matching contribution
paid parental leave
short and long-term disability coverage
basic life insurance
10 paid holidays per full calendar year, plus 1 floating holiday for non-exempt employees
1 paid day off for employee’s birthday, paid year-end holiday shutdown, and 4 paid days off for personal wellness determined by Cisco
16 days of paid vacation time per full calendar year, accrued at rate of 4.92 hours per pay period for full-time employees (non-exempt)
flexible vacation time off program (exempt)
80 hours of sick time off provided on hire date and each January 1st thereafter, and up to 80 hours of unused sick time carried forward from one calendar year to the next
Optional 10 paid days per full calendar year to volunteer
annual bonuses (for non-sales roles)
performance-based incentive pay (for sales roles)