Mgr Real Estate Portfolio

Profile

Manager Real Estate Portfolio
The candidate provides insight to support strategy into the new and existing store base within assigned region. Develops and maintains knowledge of regional market trends and makes recommendations to create financial value. Focuses on maximizing financial performance, identifies and executes opportunities to to increase efficiencies. Preserves and increases earnings to achieve the highest portfolio value while mitigating risk through successful negotiation of property disposition, lease and financial restructuring activities. Works closely with our Operations market leaders and cross functionally with Walgreen Co enterprise leadership. Manages real estate assets of over 500 stores, which account for over $250 million in rent expense. Develops and executes individual strategies for each asset in portfolio with focus on creating and generating the maximum value for the **MEMBERS ONLY**SIGN UP NOW***.. Conducts market and sub-market analysis on rents, demographics, supply demand, sales comparable, lease comparable to create informed data driven strategies, programs and methods to maximize the financial and operational return on assigned real estate portfolios. Maintains and manages data within the asset management database with emphasis on reviewing and managing performance metrics to guide future strategies. Collaborates with internal and external resources to negotiate rent reductions for existing stores. Prepares monthly asset management reports to align with division strategy and objectives to track progress and further drive value creation activities. Contributes and executes Annual Capital Plan for each asset to increase portfolio value. Manages portfolio of existing assets to ensure optimal leasing strategy. Maintains active involvement in the real estate, legal, and financial fields that relate to Walgreens’ business, including industry networking and continuing education groups (i.e. ICSC, CCIM, etc.). Directs internal and external resources to property execute disposition process. Bachelor's degree and 2+ years of experience in healthcare industry OR High School Diploma / GED and 7+ years of experience in the real estate industry is required. MBA in Real Estate, Finance, Economics, or Development is a plus. CFA , CPA , J.D. is preferred. Experience applying financial principals and concepts for underwriting real estate investments (RR, NPV, Cap Rate, ROIC, Cost of Capital, EVA, etc.) is required. Experience presenting and reporting on project plans and cost benefit analyses to appropriate stakeholders, executives and senior management is required. Experience in negotiating real estate contracts (including lease renegotiations, property disposition, vacant property subleases) is required. Experience in identifying operational issues and recommending and implementing strategies to resolve problems is required. Should have 1+ years experience of cross functional team leadership.

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