Investment Portfolio Manager, Real Estate Workplace Services

Investment Portfolio Manager, Real Estate Workplace Services

Location: Sunnyvale, CA, USA

Advanced experience owning outcomes and decision making, solving ambiguous problems and influencing stakeholders; deep expertise in domain.

Minimum Qualifications

• Bachelor's degree in Finance, Real Estate, Economics, Business Administration, or equivalent practical experience.
• 12 years of experience in institutional real estate investment, private equity real estate, or investment banking with a real estate focus.
• 5 years of experience structuring, negotiating, and bringing real estate transactions (e.g., lease buyouts, dispositions with options, joint ventures) through the full approval cycle.
• 5 years of experience in advanced financial modeling (waterfalls, JV structures, development pro formas, risk analysis) and valuation.

Preferred Qualifications

• Master's degree (MBA with Finance/Real Estate concentration, Master's in Real Estate or Finance).
• Experience in a large, matrixed corporate real estate or investment environment, specifically dealing with non-core assets or large land development/repositioning.
• Experience preparing detailed investment committee packages for complex or high-risk investments.
• Strong understanding of capital markets and debt/equity structuring for real estate.

About the Job

As the Portfolio Lead and a key member of the Investment Portfolio Management (IPM) team, you will report to the Senior Director of IPM, acting as the strategic architect for Google's multi-dollar billion Non-Core portfolio. Your primary mission is to transition these assets from an "aggressive growth" legacy into a disciplined, investor-grade platform, ensuring every exit is bold, responsible, and accretive to Google's financial and social commitments. You are responsible for defining and driving a multi-year investment and exit strategy that optimizes strategic outcomes across multiple dimensions, including financial returns, balance sheet efficiency, placemaking potential, brand value, and other dual-use objectives. In this role, you will hold accountability for developing the strategic framework, structuring complex transactions, and navigating them through internal approval processes to secure leadership and stakeholder endorsement. A core function of your position is producing the final execution plan and providing oversight during the implementation phase to ensure that all actions remain accretive to the original investment thesis approved by the Investment Committee. Once the strategy is finalized, you will formally hand it over to the Real Estate Services (RES) team for execution, maintaining continued IPM collaboration throughout the process.

To be successful, you must possess a unique blend of strategic thinking, ideation, and technical excellence. You can translate complex financial data into a compelling narrative and have an exceptional ability to align various stakeholders and leaders toward a common goal. A proven track record in sophisticated agreements structuring, real estate strategy development, innovative housing developments, and navigating high-stakes internal approvals to ensure compliance and maximize value for Google at every turn.

Responsibilities

• Develop and refine business plans for non-core real estate, identifying high-yield opportunities like asset repositioning, complex entitlements, and joint ventures.
• Lead cross-functional partners through the end-to-end Integrated Portfolio Management (IPM) framework, driving optioneering sessions and structuring complex transactions.
• Secure project approvals by guiding strategic recommendations through the Investment Committee and Spend Approval processes to drive portfolio decision velocity.
• Lead investor-grade underwriting (NPV, IRR), manage non-core budgets, and author Quarterly Investment Reports detailing Profit and Loss (P&L) levers for executive leadership.
• Orchestrate collaboration across global partnersincluding Treasury, Accounting, Legal, and external vendorsto de-risk agreements structures and ensure workflow governance.

Individual pay is determined by factors including job-related skills, experience, and relevant education or training. US: $204,000 - $285,000 (USD) + 25% bonus target + equity + benefits