Vice Chancellor for Real Estate
University of Pittsburgh
About University of Pittsburgh
Founded in 1787 as the Pittsburgh Academy, the University of
Pittsburgh (Pitt) is one of the nation’s oldest institutions of
higher education and is now a state-related research university
with a global reach. Consistently ranked among top institutions of
higher learning in the United States, Pitt continues to build upon
a rich legacy of innovation and intellectual exploration within the
University as well as a history of collaboration with partners in
the city and region of Pittsburgh. Pitt is a member of the
Association of American Universities (AAU), which comprises 66
preeminent doctorate-granting research institutions in North
America. Pitt offers a broad curriculum of more than 520 academic
programs for more than 33,000 students through the efforts of over
13,000 faculty members, research associates, and staff members.
Since its founding, the University of Pittsburgh has proudly
cultivated a community shaped by ambition, innovation, and
excellence as one of the nation’s best institutions for
undergraduate education and a national leader in science,
engineering, and health research.
Embedded within the City of Pittsburgh, the University includes
four regional campuses: Bradford, Greensburg, Johnstown, and
Titusville. Each of the regional campuses offers the advantages and
environment of liberal arts colleges along with the resources and
prestige of a major research university.
The mission of Pitt is to:
- Provide high-quality undergraduate programs in the arts and
sciences and professional fields, with emphasis upon those of
special benefit to the citizens of Pennsylvania.
- Offer superior graduate programs in the arts and sciences and
the professions that respond to the needs of Pennsylvania, as well
as to the broader needs of the nation and the world.
- Engage in research, artistic, and scholarly activities that
advance learning through the extension of the frontiers of
knowledge and creative endeavor.
- Cooperate with industrial and governmental institutions to
transfer knowledge in science, technology, and health care.
- Offer continuing education programs adapted to the personal
enrichment, professional upgrading, and career advancement
interests and needs of adult Pennsylvanians.
- Make available to local communities and public agencies the
expertise of the University in ways that are consistent with the
primary teaching and research functions and contribute to social,
intellectual, and economic development in the Commonwealth, the
nation, and the world.
With over 4,500 full-time and 700 part-time faculty members
serving almost 25,000 undergraduate students and over 9,000
graduate/doctoral students, Pitt’s large scale is still suited to
offer a 14:1 student/faculty ratio. Faculty members have expanded
knowledge in the humanities and sciences earning prestigious
honors. Pitt students have earned Rhodes, Goldwater, Marshall, and
Truman Scholarships among others. Alumni have pioneered MRI and TV,
won Nobel and Pulitzer Prizes, led corporations and universities,
served in government and the military, conquered Hollywood and The
New York Times bestsellers list, and won Super Bowls and NBA
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The University of Pittsburgh is strategically shifting how they
approach and manage physical space on and off-campus.
On-campus, this shift is being led by the 2018 Campus Master Plan
creating a strategic framework for on-campus planning and resource
deployment. The plan created a 20 to 30-year roadmap for the
institution including considerations for deferred maintenance and a
15+ year capital plan. Off-campus, Pitt is crafting a
strategy in coordination with U3 Advisors that builds off the
Campus Master Plan and guides decisions and direction for the
University as to how it develops, acquires, manages, partners, and
activates real estate and land holdings beyond the core
campus. The plans for the next 5-10 years are ambitious and
must be met with the ability to execute in the areas of
development, project management, and operations.
Reporting to the Senior Vice Chancellor for Business &
Operations, the Vice Chancellor for Real Estate will lead the
off-campus strategy for real estate development and tenanting in
Pittsburgh. As part of the role, the new Vice Chancellor will
be charged with building out the real estate team and create
relevant processes and structures to best deliver on the
strategy. The Vice Chancellor will serve as a liaison for
both internal and external constituents, including from University
administrators, the Board of Trustees, and other collaborators in
and beyond the University. Working with leadership across the
University, the Vice Chancellor will collaborate with key groups,
including the Office of General Counsel, the Office of Community
and Governmental Relations, and the Office of the Chief Financial
The Vice Chancellor for Real Estate will oversee planning and
transactional activities related to property acquisitions or
dispositions and leases of commercial, retail, research, clinical,
residential, and other space where the University serves as either
landlord or tenant. The VC will work closely with the University’s
senior leadership to develop strategies for real estate including
evaluation of financial feasibility, market analyses, alternative
project development methods, site selection, land acquisition,
property disposition, real estate asset management, commercial real
estate transactions and real estate negotiations as assigned. This
position will report to the Senior Vice Chancellor for Business and
Operations and will supervise a small team of professionals with
the flexibility to restructure and add to the team once onboard.
The position will have strong ties to the Vice Chancellor for
Planning and Design to ensure that Real Estate strategies are
integrally linked to the direction of the University’s Campus
Master Plan and Institutional Master Plan.
Beyond the requisite real estate expertise, the selected
candidate must possess a few other important skillsets including
experience working within a University setting with a full
understanding of how real estate can support institutional and
academic strategy, as well as the particular considerations
required when evaluating the financial and reputational
implications of large transactions or initiatives on behalf of the
University. The Vice Chancellor must be able to engage at both a
strategic and transactional level providing leadership for these
large-scale efforts while negotiating and evaluating specific deal
terms. Finally, this role is public facing and requires
excellent communications skills as well as experience engaging with
a diverse group of community members, landlords, and developers in
and around Pittsburgh.
Oversight of Real Estate Strategy and University
- Oversee and direct a large volume of diverse property
transactions, including leasing, acquisition, or disposition of
office, retail, residential, clinical and research space, as well
as land and air rights.
- Manage developer selection processes (RFPs) and negotiate
various deal structures, including ground lease transactions and
- Monitor non-University assets that are of interest and other
activities near campus and in surrounding communities.
- Meet regularly with the SVC for Business and Operations and
other leaders as required to develop and enhance the Real Estate
Internal Operations and Management
- Manage University-owned rental properties in accordance with
established standards, administering University leases and managing
all aspects of Foundation-owned properties. Ensure that properties
leased by the University are managed in accordance with lease
- Oversee day-to-day real estate operations, including
supervision and leadership of departmental staff and execution of
real estate transactions such as contracts and lease
- Recommend and implement policies, planning guidelines and
procedures in areas of responsibility.
Records and Reputational Management
- Foster a positive relationship with members of the local
community, including community groups, local developers, and local
landlords. Meet with the local community to review real estate
acquisitions in collaboration with the Planning and Design
- Prepare financial analysis and documentation in coordination
with established record keeping standards that supports key
decision-making processes for real estate transactions and oversee
the performance of required due diligence activities in evaluating
new real estate deals.
- Develop plans that are affordable and fiscally responsible,
including managing development and operations budgets.
- Serve as liaison with legal counsel, academic and
administrative units, and advisors both within and outside the
- Master’s degree from an accredited college or university with a
major or degree in Real Estate, Business or related discipline, or
equivalent combination of education and experience.
- Minimum of 10 years of real estate and/or
community-development-related experience in a higher education,
health care, large non-profit or related corporate facilities
environment, with at least five of those years serving as a senior
- Extensive experience managing a complex real estate
- Direct knowledge of capital markets and financing mechanisms
and structures that can deliver projects that meet institutional
goals as well as economic targets.
- High level of knowledge of the regulatory environment,
including construction permitting requirements, workplace safety
requirements and environmental regulations as needed.
- Experience in leading negotiations on large scale and/or
complex financial transactions.
- Experience in budget preparation and fiscal management.
- Understanding of urban planning and how cities and communities
work, especially in regard to community engagement for specific
- Familiarity of local and national real estate needs and trends
for innovation, life science, and other emerging markets
- Demonstrated technical competencies in areas of responsibility
and the ability to analyze data and draw logical conclusions and
recommendations. Must be a proven collaborator with the ability to
manage teams of contractors or consultant as required.
- Excellent communication skills, both in writing and orally, in
one-on-one as well as small and large group settings.
- Proficiency with Microsoft Windows, Excel, Word, Access,
Project and related programs is required. Experience with CPM
scheduling is a plus.
The University of Pittsburgh is committed to creating a culture
of inclusion with a diverse workforce. We value and respect the
unique differences and experiences of our employees. All qualified
applicants are encouraged to apply and will receive consideration
for employment without regard to race, ethnicity, religion, sex,
gender, sexual orientation, age, disability or veteran status. We
want you to join our team!
The University of Pittsburgh is an Affirmative Action/Equal
Opportunity Employer and values equality of opportunity, human
dignity, and diversity.
To apply for this position, please send a cover letter and a
resume to firstname.lastname@example.org