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Real Estate Portfolio Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Corporate Real Estate
Location
Houston
 TX
Postal Code
77002
Country
United States

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Description


Job Description


McDonald’s is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries and billions of customers served each year. As the global leader in the food service industry, we have a legacy of innovation and hard work that continues to drive us. Today, we are growing with velocity and are focused on modernizing our experiences, not to make a different McDonald’s, but to build a better McDonald’s.

We are moving fast and are adding to our best-in-class team. Joining McDonald's means thinking big every day and preparing for a career that can have impact around the world. We are customer obsessed, committed to being leaders, and believe we are better when we work together. Over the last couple years, we’ve launched home delivery, modernized our restaurant experience through digital enhancements and have so much more to come.

We are dedicated to using our scale for good: good for people, our industry and the planet. From ambitious recycling initiatives and balanced sourcing efforts to our partnership with Ronald McDonald House Charities, we are constantly improving. We see every single day as a chance to have a genuine impact on our customers, our people and our partners.

You will partner with other field office and national teams to optimize the existing restaurant real estate portfolio, and to set goals with Corporate strategies. Optimizing the existing real estate portfolio is defined as enhancing the customer experience, convenience and relevance by protecting the existing real estate assets, maximizing system profits, income and return on investment.

This ideal candidate would reside near Houston, TX as this position will cover the Southern Texas and Southern Louisiana markets.


Responsibilities


Maximizing Existing Assets

-Improves existing asset base by leading and ensuring resolution of property issues, including but not limited to, Condemnations, Easements, CAM Disputes, Lease and Land Rights protection, Estoppel Requests, Excess Property, Consents from Landlords, Co-tenants, Abutters, etc., where required as part of any development initiative, and Non-monetary Defaults.

-Actively finds opportunities for income potential in real estate assets (e.g., cell towers, air rights, unidentified marketable real estate excess, easements, RE Tax opportunities, CAM opportunities, billboards, etc.).

-Utilizes current Development Standards to optimize the sales performance of existing restaurants (e.g. visibility, 24 hour, drive-thru, landscaping, signage, access, egress, easements).

-Renegotiating agreements with Landlords & Co-tenants where necessary to facilitate required site remedies &/or development initiatives.

-Analyzes and makes recommendations for underperforming real estate assets.


Vision Planning / AP Acquisition / Rebuild Packages

-Collaborates with Real Estate Portfolio Lead and others to create, maintain and update the Vision Plan for the existing r portfolio.

-Negotiates terms and conditions of real estate agreements for additional property as required for existing locations.

-Assembles and presents Rebuild and AP site packages to management for approval

-Works with Construction to secure all required approvals.


Relationships/Consulting

-Work closely with Field Real Estate Lead, Legal Department Attorneys, Property Administration, Finance, REF Accounting, Asset Managers, Franchisees, landlords and governmental authorities on defaults, CAM questions, property tax, tenant/landlord inquiries and disputes, easements, condemnations, litigation, and violations.

-Build and manage relationships and dialogue with the Field Office leadership, owner operators, landlords, and governmental authorities.

-Represent McDonald’s by participating in professional organizations and attending public hearings.

-Conduct regular communication with FET Restaurant Development Management including Development Director and Construction Manager to maintain alignment with the regional plan and to participate in the FET planning process.

-Provides input on the existing real estate portfolio as requested for Operator’s Business Reviews and/or Franchise Planning Meetings.


Problem Solving and Innovation

-Consult with the Coordinators, Franchisees, Construction Managers, and Operations regarding issues related to maintaining the property by coordinating internal and external resources.

-Meet with Landlord and problem solve such as common area responsibility and compliance conduct on-site inspections to observe and resolve issues and problems.

-Maintain a list of approved service providers on the Field Office website that the Franchisee can use for repairs and maintenance.


Process Management

-Working with Legal Department Attorneys, governmental authorities, Area Construction Managers, and outside consultants for the following matters related to condemnations: a) estimating value of improvements taken and cost to restore (e.g. curbing, asphalt, outdoor playlands, sign relocation, landscaping); b) aligning with municipality w/code; c) negotiating compensation from condemning authority; d) preparation of condemnation impact reports; e) revising and executing legal documents.

-Working with Finance Managers and Legal to initiate Legal notice and default for past due accounts receivable for Tenant properties.

-Prepare and disseminate project tracking reports to the regions and management.

-Working with the Region and Excess Property Team on store closing processes and transitioning the property Landlords or disposition.

Minimum Requirements

Education: Four year college degree in a real estate related discipline preferred. Additional diversified business, real estate, construction, and financial courses desirable.


Experience: Commercial real estate experience, including position(s) requiring extensive analysis and direct negotiations recommended. Retail sector and facilities experience helpful. Property management, paralegal or title company background with real estate or construction experience would be a plus. Specialized


Skills: Proficiency in lease/contract analysis and negotiation; working knowledge of governmental processes such as permitting, zoning, special use, licensing, and condemnations; proficiency in use of surveys, site plans, and building plans; understanding of RE tax abatements; ability to lead the outsourcing of facilities and property maintenance and excess property, outstanding interpersonal skills, both written and verbal, and strong real estate financial acumen, including time value of money, , discount & capitalization rate theory & techniques, OAR, Ye, IRR, ROI. This position requires travel.


Job Type: full-time

Country: United States

Requisition Number: 7150BR

McDonald’s Corporation is an equal opportunity employer committed to a diverse and inclusive workforce.

Job Function


Not specified

 

Job Sector


Not specified

 

Experience


Not Specified


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