REAL ESTATE PORTFOLIO MANAGER

Chesapeake, Virginia, United States
Full-time
Posted

Description

Summary of Position:
Manage the real estate function of the Company’s portfolio of existing stores in a given territory. Responsibilities include lease negotiations, dispositions, and the contractual side of lease renewal, including ensuring key dates are addressed and resolved in a timely and beneficial manner.

Principal Duties and Responsibilities:
Present for approval the best or most advantageous terms on a given actionable leasehold event. Negotiate and/or renegotiate improved or advantageous economics and other lease terms Resolve business issues of the Lease. Assist Director of Portfolio Management with day-today negotiations for business issues of the lease or key date issues. Gather feedback from Real Estate Managers, Operations, Property Management and other departments to assist with decisions. Maintain a project file identifying all approvals, achievements, and cost saving analysis. Prepare periodic management reports showing cost savings and measurement statistics. Prepare and present lease analysis for review of cost saving opportunities. Ensure formal procedure for store closing decisions and notification processes are followed. Assist in managing the process for reviewing and addressing poor performing stores (Bottom 100) Work with Leasing team to leverage new deals and relocations or expansions with key dates, and help them prioritize and focus their time with respect to key dates. Meet with landlords to review portfolio and address lease/rent issues Build relationships with landlords and other retailers Monitor lease notification dates through use of real estate database.
Minimum Requirements/Qualifications : Able to negotiate with landlords with respect to lease clauses and rent reductions Detail oriented. Able to think strategically to tie multiple issues together A minimum of five years corporate real estate experience and/or thorough knowledge of Real Estate law and transactions. Strong communications, both written and verbal. Proficient with Excel and other systems necessary to carryout day to day duties Excellent organizational skills and ability to multi-task. Ability to travel 40% of the time. Knowledge of a variety of real estate markets. Remote location in IA, IL, MO or MI.

Desired Qualifications:
College degree preferred.

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