The Operations Division of Tufts University is seeking an entrepreneurial individual to spearhead the planning and implementation of future development sites. In this leadership role, you will conceptualize development at locations in Boston, Medford, Somerville, and Grafton, while incorporating financial analysis and an understanding of the market possibilities. As the Senior Director of Real Estate, your work will inform Tufts academic and research enterprises on how real estate can enable our strategic objectives. The Senior Director will lead the effort on any projects that proceed to development. We expect you to be an exceptional communicator and relationship builder while collaborating with senior leaders across the University and community. If you are an initiative-taker and looking for a strategic role as a critical partner to support our schools and University’s academic and research growth, we encourage you to apply today!
What You'll Do
Essential Functions
Leading and executing all real estate matters and activities of the University, including: the purchase or sale of property; leases as landlord or as tenant; gifts of real estate; monetization/development feasibility of University real estate assets; advising University leadership on real estate matters; coordination of real estate assets and decision making with Finance, Campus Planning, Capital Projects, and Government & Community Relations.
Manage Walnut Hill Properties, a property management company that is a subsidiary of the University that owns, maintains, improves, and leases approximately 100 units in 60 properties to residential and commercial university-affiliated tenants, primarily faculty, staff and graduate students. Includes business management, tenant relations, vendor relations, community relations, budgeting, capital planning, strategic planning, and staffing.
TUFTS REAL ESTATE
Lead real estate related direction-setting and decision making with university leadership, schools, and divisions
Facilitate ongoing communication regarding real estate matters with Trustees, leadership, schools and divisions including board memos, presentations, financial projections, and other materials. Run regular Strategic Real Estate Working Group meetings
In a complex decision-making environment, facilitate strategic decision making in collaboration with Campus Planning and execute property acquisitions and dispositions
Manage internal and external studies and analyses related to real estate opportunities and transactions, including revenue and monetization opportunities, the potential sale or repositioning of assets, leasing, development, and 3rd party partnerships
Manage and negotiate all leases as tenant; Seek and secure tenants, negotiate all leases/license agreements and manage occupancy as landlord of university property occupied by others. Manage landlord/tenant relationships
Manage property tax and PILOT obligations with Government & Community Relations
Coordinate valuation, acquisition, and disposition of gifts of real estate.
Lead development or redevelopment projects, such as housing, repurposing assets or other complex projects requiring business acumen and community relations sophistication
Coordination with University Finance division regarding real estate financial projections and impacts as well as integration of real estate-related data into budgets and projections
Coordinate space opportunities provided by and issues around real estate assets in campus planning and capital projects
Working with Tufts School of Medicine, lead efforts for finding, securing, and delivering academic and teaching space nationwide for Tufts’ nascent Physical Therapy program
WALNUT HILL PROPERTIES
Manages and runs small property management company overseeing approximately 100 units leased to university-affiliated tenants; primarily faculty, staff and graduate students. Responsibilities include annual budgeting, capital planning, vendor and contract management, tenant management, coordination of assets with Tufts schools and divisions, reporting, and staffing
Facilitates Walnut Hill board meetings
Periodic assess and refine Walnut Hill’s mission, strategy and structure to ensure alignment with University objectives and priorities
3 FTEs at Walnut Hill Properties: Property Manager, Accounts Manager, and Maintenance Manager
Additional FTEs if/when new positions are created
What We're Looking For
Basic Requirements
Bachelor’s degree in real estate, business, finance, urban planning, or related field and 7+ years in commercial or institutional real estate
Real estate and development experience
Real estate financial analysis and reporting
Analytical and problem-solving skills
Skilled communicator and presenter, facilitator
Demonstrated experience in collaboration and leadership
Preferred Qualifications
Master’s degree in real estate, business, finance, urban planning, or related field.
10+ years in commercial or institutional real estate
Property management experience
Strong real estate, development, legal experience in an institutional setting
Pay Range
Minimum $181,300.00, Midpoint $226,650.00, Maximum $272,000.00
Salary is based on related experience, expertise, and internal equity; generally, new hires can expect pay between the minimum and midpoint of the range.
This is Tufts.
Tufts is a student-centered research university with a constellation of world-class schools encompassing undergraduate, graduate, professional, and lifelong learning programs. Across the university, students satisfy their intellectual curiosity, jump-start rewarding careers, and unlock bright, promising futures. Through rigorous academics, groundbreaking research, and a commitment to civic engagement and leadership, our community of students, faculty, and staff collaborate across four Massachusetts campuses to build a brighter world (Medford/Somerville, Grafton, Boston-Chinatown, and Boston-Fenway).
Our employees light the way.
Tufts develops innovative solutions for the most complex global challenges of our time through teaching, research, and an unparalleled investment in civic engagement. In administration and operations, in dining centers and in labs, every employee plays a role in our mission for a better, brighter world.
At Tufts, the work you do matters. So do you.
Enjoy flexible and remote opportunities, innovative benefits, and an inclusive, welcoming, collaborative culture that supports you. Develop your skills. Take classes. Advance your career. ...Do work that makes you proud in a community you love. All while taking great care of yourself and the people who matter most.
We’re all in on creating an anti-racist culture of belonging.
Across Tufts, we’ve deepened our commitment to making the university a truly inclusive place. Where every member of our community contributes and feels like they belong. Where diverse perspectives are seen as our strength, and great ideas are always heard. In offices, labs, classrooms, and beyond, we’re doing this work together, knowing it is the foundation of our mission to create a brighter world.
An innovative university needs resourceful people who make things happen.
Here, collaboration isn’t just a buzzword, colleagues actually care, and community means everything. Sound appealing? Come join us. Choose a campus and find the role that fits you. Tufts University is an Equal Opportunity/Affirmative Action Employer. We are committed to increasing the diversity of our faculty and staff and fostering their success when hired. Members of underrepresented groups are welcome and strongly encouraged to apply.
See the University’s Non-Discrimination statement and policy here https://oeo.tufts.edu/policies-procedures/non-discrimination/.
If you are an applicant with a disability who is unable to use our online tools to search and apply for jobs, please contact us by calling the Office of Equal Opportunity (OEO) at 617-627-3298 or at oeo@tufts.edu. Applicants can learn more about requesting reasonable accommodations at https://oeo.tufts.edu/