Real Estate Manager, Principal, Data Center Supply Solutions

Amazon Web Services (AWS) is seeking a Principal Real Estate Manager to lead portfolio strategy for our global data center real estate portfolio. This role is the strategic decision-maker responsible for evaluating and recommending the optimal disposition of assets across the portfolio lifecycle -including hold, sublease, sell, redevelop, expand, and exit strategies. The successful candidate will own the end-to-end real estate finance and portfolio optimization function for data center land and leases, driving analysis and recommendations that directly impact billions of dollars in asset value. You will operate at the intersection of real estate investment strategy across the existing portfolio, corporate finance, and infrastructure operations to maximize portfolio value and align real estate decisions with AWS's long-term capacity and growth objectives. This is a highly visible, individual contributor role requiring deep expertise in commercial real estate finance, portfolio optimization, and strategic planning at scale. You will influence executives across AWS and Amazon to shape the future of our physical infrastructure footprint. Key job responsibilities Portfolio Strategy • Own long-term portfolio strategy for AWS data center real estate (owned, leased, etc.) • Lead hold/sell/sublease/redevelop analysis using market conditions, demand forecasts, and financial returns • Build portfolio optimization models to inform capital allocation; identify underperforming assets and develop value recovery strategies • Define asset lifecycle management framework from acquisition through disposition Financial Modeling & Performance • Own valuation methodology (DCF, IRR/NPV, comps, cap rates) and maintain pro forma models for hold/sell/sublease/redevelop scenarios • Establish portfolio performance benchmarks, KPIs, and standardized analytics tools/templates/reporting cadences Market Intelligence & Transaction • Lead complex transactions: asset sales, sale-leasebacks, ground lease restructurings, subleases • Negotiate key commercial terms; manage external advisors (brokers, appraisers, investment bankers) • Monitor data center market trends (cap rates, construction costs, land values, lease economics) and track hyperscale strategies, colo M&A, and institutional investor appetite • Build proprietary market intelligence frameworks; publish portfolio performance reviews and market outlook reports Cross-Functional Leadership • Partner with Treasury, Tax, Legal, Engineering, Operations, Capacity Planning, and Accounting to optimize deal structures • Serve as portfolio strategy SME for leadership at all levels • Mentor team members in real estate finance and strategic thinking; represent AWS in industry forums, investor meetings, and broker relationships About the team AWS Data Center Strategic Solutions (DCSS) plans, acquires, and manages the physical infrastructure powering AWS — the world's leading cloud platform. We operate at the intersection of real estate, engineering, and technology to deliver global data center capacity. The Strategic Portfolio Management function owns the lifecycle strategy for our data center real estate assets, ensuring each is optimally positioned for maximum value through continued operation, redevelopment, subleasing, or disposition — directly impacting AWS's capital efficiency. We're experienced real estate professionals and strategic thinkers thriving in high-growth ambiguity. If you're passionate about institutional-grade real estate strategy applied to one of the world's most dynamic portfolios, we want to hear from you.