Vice President, Commercial Portfolio

Public Storage•Plano, TX

7d•Onsite

About The Position

The Vice President, Commercial Portfolio is a senior strategic leader responsible for driving revenue growth, optimizing portfolio performance, and overseeing all commercial operations across the Company’s commercial asset platform. This role provides executive leadership across Retail Leasing, Property Management, Asset Management, and Cell Tower revenue functions, ensuring alignment with overall company objectives and long-term capital allocation strategies. The Vice President, Commercial Portfolio holds full accountability for the business unit’s financial performance, operational execution, and strategic growth initiatives. This leader will shape the commercial vision, enhance financial visibility, optimize asset performance, and build high-performing teams that deliver measurable revenue and NOI growth.

Requirements

Bachelor’s degree in Business, Finance, Real Estate or related field.
12+ years of progressive experience in commercial real estate, leasing, asset management, or portfolio operations.
Demonstrated experience managing full P&L responsibility.
Proven track record of driving revenue growth and operational improvement across multi-market portfolios.
Strong financial acumen, including budgeting, forecasting, and capital allocation analysis.
Experience leading multi-disciplinary teams across multiple markets or regions.

Nice To Haves

Master’s degree (MBA or related field).
Experience in retail leasing portfolios and recurring revenue platforms.
Background in asset management and portfolio optimization strategy.
Experience presenting to executive leadership and board-level audiences.

Responsibilities

Develop and execute a comprehensive commercial portfolio strategy focused on revenue growth, margin expansion and long-term value creation.
Establish measurable KPIs across revenue, NOI, occupancy, lease term, and operating performance.
Lead annual business planning, forecasting, and long-range growth initiatives.
Collaborate closely with Executive Leadership to align commercial strategy with broader capital allocation objectives.
Provide regular executive-level updates, performance dashboards, and strategic recommendations.
Oversee national retail leasing strategy and execution.
Drive structured rent escalations, lease term extensions, and renewal optimization.
Reduce vacancy and downtime through proactive broker and tenant engagement.
Optimize tenant mix and merchandising strategy by market and asset.
Monitor leasing pipeline performance and revenue productivity.
Oversee operational performance across the commercial portfolio.
Standardize processes and best practices across markets.
Improve expense ratios, CAM recoveries, and operating efficiency.
Lead asset-level business plan development and performance reviews.
Travel to markets to evaluate site-level performance and lead field engagement.
Ensure consistent data integrity and reporting across all properties.
Maintain full P&L responsibility for the Commercial Portfolio business unit.
Develop and manage annual budgets and rolling forecasts.
Provide detailed financial analysis to support executive decision-making.
Evaluate ROI of leasing initiatives, capital improvements, and repositioning strategies.
Identify underperforming assets and implement turnaround or repositioning plans.
Recommend re-mix, re-tenanting, or disposition strategies where appropriate.
Optimize portfolio yield and return on invested capital.
Oversee commercial software platforms and ensure system optimization.
Drive automation, reporting accuracy, and operational transparency.
Partner with Finance, Acquisitions, Development, and Operations to enhance asset value.
Ensure organizational readiness for new initiatives, growth strategies, and market expansion.
Lead, mentor, and scale a high-performance national commercial team.
Establish clear goals, accountability frameworks, and performance metrics.
Drive a culture of ownership, continuous improvement, and data-driven decision-making.
Oversee hiring, succession planning, and organizational structure for the business unit.