The Senior Real Estate Manager (SREM) represents the Company in strategic real estate decisions and transactions within their assigned geography. The SREM has primary responsibility for optimizing the entire real estate portfolio within their division/territory, and identifies and evaluates opportunities for new store locations, store expansions, and fuel centers to make growth recommendations to Division and Executive Management. In addition, the SREM guides surplus property marketing efforts, leads negotiations, and finalizes deals for closed stores and asset dispositions.
DUTIES AND RESPONSIBILITIES:
Takes ownership and lead responsibility for development of comprehensive strategic real estate plans for Division. Not only sees the big picture, but develops a strategy, obtains Division and Executive support, and executes the
Initiates and completes real estate transactions of varying types and degrees of difficulty and takes a leadership role in the due diligence, entitlements, legal documentation, project coordination and project tracking on applicable asset management tracking
Prepares high quality and accurate investment packages for Real Estate Committee utilizing in-house tools such as Excel, Arc/GIS, and PowerPoint.
Coordinates all negotiations and collaborates with team attorney to finalize deal documentation.
Engages and interfaces with real estate brokers and other 3rd party consultants to market surplus properties, negotiate business deals, compile and submit packages to Real Estate
Works closely with the design and planning team and construction manager to timely obtain governmental approvals and complete store openings. Acts as a primary contact for inquiries regarding information on the
Works staff and other governmental bodies in connection with the Company’s real estate
Stays well versed on market dynamics in assigned territory including current and future changes to: public infrastructure, competition and demographics. Understands basic forecasting methodologies including gravity and analogue
Represents the Company in discussions and negotiations with Planning Commissions, City Councils, Planning and
Understands and stays current on company policies relative to the negotiation of legal
Provides leadership and mentors less experienced real estate personnel, e.g. Real Estate Managers and Real Estate
May have direct reports, which will vary by Division/Banner.
ESSENTIAL SKILLS/REQUIREMENTS
Strategy and Planning
Proactive self-starter with an owner/investor/developer attitude.
Strategic thought leader with ability to influence and develop real estate plans and
Superior expertise in real estate concepts, documentation, and the experience to close deals with limited
Possesses an established broad real estate network which enables the candidate to be resourceful, and get to solutions quickly.
Portfolio Optimization
Highly developed market analysis
Seasoned and well-honed financial skills able to apply financial modeling techniques and critical analytical frameworks to solve for effective real estate decisions and
Experienced dealmaker with strong negotiation skills with the ability to negotiate multi-million dollar transactions to a successful
Analyzes and makes recommendations for underperforming real estate assets (e.g., closing, lease re-negotiation)
Understands standard financial statements and can assess potential credit worthiness of
Store Growth
Knowledge of local and regional real estate
Knowledge of land use regulations and the political and governmental processes governing real estate
Creates, manages, and executes the development plan to meet portfolio returns and goals.
Working knowledge of Design including fixture plans, site plans, and project development plans.
Proficiency in Arc/GIS and MS Office: Word, Excel, Outlook and
Partners with Store Operations team in developing and executing effective store opening promotional campaign and analyzing post opening performance
Leadership and Communication
Ability to partner with and influence Executive
Team player able to lead internal and external teams in a fast-paced retail real estate
Integrity and professionalism to represent the Company's interests to outside investors, professionals and vendors as well as
Excellent communication skills both written and
Acts in a competent, professional, and timely manner
Education/Experience
5+ years of extensive and relevant experience in corporate real estate, shopping center development, and/or real estate with major retailer.
Bachelor’s degree required with emphasis in Real Estate, Finance, or General Business. MBA
INTERNAL/EXTERNAL CONTACTS:
The position coordinates and collaborates with various disciplines within the Company including: Store Operations, Finance, Design, Construction, Maintenance, Legal, Property Management and Corporate
Real estate brokers, developers, investors, attorneys, government officials, retailers, landlords and design and engineering professionals.
PHYSICAL ENVIRONMENT:
Most work is performed in a temperature-controlled office
May sit for long periods of time at desk or computer
May use computer, calculator, keyboard, telephone, and other office equipment in the course of normal
Stooping, bending, twisting, and reaching may be required in completion of job
