Job Description

Job Description

POSITION PURPOSE:
The Real Estate Manager (REM) represents the Company in real estate transactions within an assigned geography or an identified corporate wide initiative. The REM has responsibility for identifying and evaluating value enhancement opportunities for current assets. In addition, the REM works with Senior Real Estate Managers in the field and makes recommendations with respect to acquisition, leasing, and asset disposition transactions.

KEY ACCOUNTABILITIES:
* Initiates and completes real estate transactions of varying types and degrees of difficulty and takes a leadership role in the entitlements, legal documentation, project coordination and project tracking.
* Prepares high quality and accurate investment/disinvestment packages for Real Estate Committee utilizing in-house tools such as Excel, PowerPoint and Mapping Software.
* Coordinates negotiations with team attorney and handles document negotiations.
* Engages and interfaces with brokers to market surplus properties, negotiate business deals, compile, and submit packages to Real Estate Committee.
* Understands basic forecasting methodologies including gravity and analogue models.
* Understands and stays current on company policies relative to the negotiation of legal documents.
* Provides leadership and mentors less experienced real estate personnel, e.g. Real Estate Analysts.

KNOWLEDGE AND EXPERIENCE:

Education Level:
* Bachelor's degree required with emphasis in Real Estate, Finance, or General Business.
MBA preferred.

Experience Level:
* 3-5 years of extensive and relevant experience in corporate real estate, shopping center development, and/or transactional real estate with major retailer.

Skills and Experiences:
Tactics and Planning
* Proactive self-starter with an owner/investor/developer attitude.
* Thought leader with ability to influence tenants, landlords and investors to action.
* Superior expertise in real estate concepts, documentation, and the experience to close deals with limited supervision.
* 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 skills.
* Seasoned and well-honed financial skills able to apply financial modeling techniques and critical analytical frameworks to solve for effective real estate decisions and outcomes.
* Experienced with strong negotiation skills and the ability to negotiate multi-million dollar transactions to a successful conclusion.
* 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 tenants.

Leadership and Communication
* Ability to partner with and influence Executive Management.
* Team player able to lead internal and external teams in a fast-paced retail real estate environment.
* Integrity and professionalism to represent the Company's interests to outside investors, professionals and vendors as well as teammates.
* Excellent communication skills both written and verbal.
* Advanced computer skills including Excel, Word, PowerPoint and Outlook.
* Acts in a competent, professional, and timely manner

TRAVEL REQUIREMENTS:
* 20% -- 25% travel depending upon assigned region

PHYSICAL ENVIRONMENT:
The following attempts to communicate the traditional physical demands associated with this position:**
Seldom: 1-2 hours, Occasional: 3-4 hours, Frequent: 5-6 hours, Continuous: 7+ hours (Based on an 8 hour work day.)
* Squat/Kneel: Continuous
* Bend/Stoop: Continuous
* Lift/Carry: Occasional lift/carry 1-50 lbs.
* Push/Pull: Occasional, push/pull 1-50 lbs.
* Twist/Turn: Frequent
* Grip/Grasp: Frequent
* Reach: Continuous
* Stand/Walk: Continuous

Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by associates assigned to this job classification. They are not intended to be construed as an exhaustive list of all responsibilities and skills required of personnel so classified.