Site Development Leasing Portfolio Manager

Meta Platforms, Inc.•San Francisco, CA

34d

About The Position

Meta designs, builds, leases, and operates the most innovative and efficient data centers in the world. Locating, developing and managing this data center infrastructure the "right" way is synonymous with ensuring high uptime, capacity availability, flexibility and capital and operational cost efficiency. Meta is seeking an experienced, organized, and collaborative Leasing Portfolio Manager to join the Data Center team. The Leasing Portfolio Manager is responsible for overseeing the end-to-end management and administration of Meta's leased and colocated data center portfolio. This role ensures the accuracy of rent rolls, compliance with audit requirements, effective lease negotiations, and seamless cross-functional communication. The Portfolio Manager acts as a key escalation point for both internal teams and landlords, driving process improvements and maintaining robust reporting and documentation standards. The Leasing Portfolio Manager has extensive experience abstracting and administering complex lease agreements and has a keen capacity to think both strategically and analytically. They have enhanced project management and communication skills and are able to closely communicate with cross-functional teams during the build-out and commissioning of data center leased facilities to ensure compliance with executed lease terms.

Requirements

Bachelor's degree in Business, paralegal studies, or technical discipline
Experience in leased data center administration, commercial real estate leasing, portfolio management, accounting, finance, logistics planning, contract management, and/or development of data centers or other large-scale or mission critical capital programs
Experience managing multiple projects and successfully collaborating and communicating with internal staff, consultants, vendors, and external stakeholders
Analytical, creative thinking and communications skills with proven experience to effectively distill and communicate complex commercial, market and contractual details to all organizational levels
Familiarity with lease administration systems (e.g., CoStar) and audit processes
Ability to manage multiple priorities and adapt to changing business needs
5+ years of experience in commercial lease administration or contract management

Nice To Haves

Advanced technical degree, law degree, or MBA
Experience in hyperscale data center lease administration

Responsibilities

Facilitate communications and partnerships throughout the lease execution and administration process, including capacity planning, site selection managers, energy teams, data center design, construction, network engineering, legal, policy, communications, and finance, to align on the administration of executed leases
Develop ideas for improving portfolio management metrics and tracking mechanisms
Thoroughly and accurately review monthly rent roll and supplemental rent roll to provide approval for payment
Lead and coordinate audits and adapt to fluctuating audit volumes as new leases are executed
Negotiate and unblock Operations and Retrofit Projects to ensure teams can effectively meet business needs. This involves negotiating new lease terms, incorporating additional use cases, and securing necessary approvals
Support the Leasing Site Selection team during due diligence by reviewing and providing feedback for rent schedules and new lease drafts
Managing and communicating critical dates, milestones, and relevant terms of leased portfolio with partner teams, and developing and implementing improved notification processes
Serve as the primary escalation point for lease-related questions and issues from partner teams
Serve as a point of escalation to address operational issues raised by landlord for leased data centers
analyze critical issues, review lease terms, and coordinate with landlord to resolve problems
Ensure accurate abstraction of all leases and manage lease compliance
Review Service Level Agreement violations with Facilities Operations and facilitate appropriate remediation actions