Investment Portfolio Manager, Real Estate Workplace Services

Google – Sunnyvale, CA, USA 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. The Real Estate and Workplace Services (REWS) team creates inspiring spaces and innovative services that bring Google’s culture and values to life. We build and maintain all aspects of what keeps our Googley workspaces operating seamlessly across multiple cities and regions globally. We also manage the industry-leading services that help make Google a great place to work -- from how we design healthy and collaborative workspaces, create energizing food experiences, provide convenient transportation and fitness options, to delivering environments where Google and our employees can thrive. Individual pay is determined by factors including job-related skills, experience, and relevant education or training. US: $204000 - $285000 (USD) + 25% bonus target + equity + benefits Learn more about benefits at Google. 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 partners—including Treasury, Accounting, Legal, and external vendors—to de-risk agreements structures and ensure workflow governance. Google is proud to be an equal opportunity and affirmative action employer. We are committed to building a workforce that is representative of the users we serve, creating a culture of belonging, and providing an equal employment opportunity regardless of race, creed, color, religion, gender, sexual orientation, gender identity/expression, national origin, disability, age, genetic information, veteran status, marital status, pregnancy or related condition (including breastfeeding), expecting or parents-to-be, criminal histories consistent with legal requirements, or any other basis protected by law. See also Google's EEO Policy , Know your rights: workplace discrimination is illegal , Belonging at Google , and How we hire. Google is a global company and, in order to facilitate efficient collaboration and communication globally, English proficiency is a requirement for all roles unless stated otherwise in the job posting. 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