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Senior Manager II, Real Estate And Portfolio Management - Real Estate
- Location BENTONVILLE, AR
- Career Area Real Estate, Construction and Realty Execution
- Job Function Real Estate, Construction and Store Planning
- Employment Type Regular/Permanent
- Position Type Salary
- Requisition WD1084278
What you'll do at
What you'll do...
We are looking for individuals who have the following skill sets and experiences:
Analyzing markets to recommend and implement a strategy for existing and new assets.
Spearheading the pre-approval process for new assets in a set territory and collaborating with finance, project managers, and operators to create an agenda model
Leading real estate trips with leadership to evaluate new asset locations and opportunities.
Presenting new asset presentations to officer level leadership and transitioning stores to the property manager for that territory.
Negotiating lease renewals with landlords to improve Walmart’s strategic position at each site through rent reductions, increased flexibility on remodels/brand changes, or contributions to capital improvements, and presenting lease renewal deals to executive leadership.
Leads realty and property closings for assigned geographic area by developing and implementing processes for approval of projects with internal business partners; collaborating with other departments (for example, Store Planning, Legal, Health and Wellness) to understand legal and economic risk and establish contractual terms; collecting real estate documents (for example, leases, loan documents, property condition reports); analyzing real estate documents to ensure projects are within parameters; preparing required materials for transaction (for example, financials, internal memos, updated site plans); determining realty decisions (for example, pricing, rent, renewals, disposition) based on market studies and appraisals; and presenting to internal key stakeholder committees (for example, Realty Committee, Internal Rate of Return (IRR) Committee, Real Estate Executive Committee) to gain approval.
Leads real estate transactions and deal initiations for assigned geographic area by analyzing data (for example, demographics, consumer behavior trends, competition); identifying site selection and pipeline options appropriate for non-complex opportunities; providing pipeline and site selection recommendations to leadership; forecasting return on investment on transaction decision; determining the business impact of project decisions (for example, site selection, property management options, disposition); developing project portfolio recommendations on business decisions based on analysis; and developing recommendations on sub-market portfolio strategies and communicating them to leadership (for example, Regional Vice Presidents, Real Estate Executive Committee (REC).
Leads realty projects by managing consultants (for example, engineers, zoning attorneys, brokers); leading the management of project risk, timeline, and sunk cost (for example, understanding the project risk, timing of delivery, costs spent to date); acting as a liaison to government officials and community groups and managing company image with key partners (for example, landlords, cities, developers, adjacent property owners); complying with internal and external transaction regulations (for example, Sarbanes-Oxley regulations, re-approval guidelines); assessing project alignment with overall portfolio and identifying concerns; developing recommendations to address project alignment concerns and communicating them to leadership; managing purchases, dispositions, lease renewals, and rent allocations; gaining buy-in from key stakeholders and community partners (for example, Real Estate Leadership, city council, planning commissioner) in order to ensure project continuation; and managing.
Leads the property management of operating portfolio by evaluating recommendations on improving site appearances and increasing sales growth potential; acting as a liaison and driving collaboration with landlords and tenant representatives; evaluating and negotiating subleases, terminations, and purchase options; analyzing use restrictions and approving store uses to contribute to income generation for properties; conducting site visits; negotiating contracts (for example, leases, easements, license agreements) with prospective business partners and third parties; overseeing third-party work product and addressing escalated issues; and securing approvals for property management recommendations.
Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.Minimum Qualifications: Bachelor's degree in Business, Sciences, Engineering, or related field and 4 years experience in real estate, retail development, tenant representation, or related field OR 6 years experience in real estate, retail development, tenant representation, or related field.
Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.Commodity Portfolio Management, Data Analysis and Insights, Project Management, Real Estate, Responsible for third party vendor relationships, Retail ManagementDoctorate: Law, Masters: Business Administration
Primary Location...2001 SE 10th St, Bentonville, AR 72716-3724, United States of America
Walmart, Inc. is an Equal Opportunity Employer- By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.
"You have to think of how to save the company money, save the store money, save the customer money—and one impacts the others."
Hello, NW Arkansas
With over 200 miles of trails, an emerging locally-sourced food scene, the world-renowned Crystal Bridges Museum—NWA has something for everyone.Discover NW Arkansas
Crystal Bridges Museum
Celebrate the American spirit in a setting that unites the beauty of art and the power of nature.
Walton Arts Center
Arkansas' premiere center for visual arts and entertainment.
An interactive children's museum that's fun for the whole family.
42 acres of premiere public garden space.
Devil's Den State Park
Located on 2,500 acres, Devil's Den State Park is the perfect place to explore Arkansas' natural beauty.
- come together
The best of shopping and restaurants, right in the heart of Fayetteville.
All the benefits you need for you and your family
- Multiple health plan options, including vision & dental plans for you & dependents
- Financial benefits including 401(k), stock purchase plans, life insurance and more
- Associate discounts in-store and online
- Education assistance for Associate and dependents
- Parental Leave
- Pay during military service
- Paid Time off - to include vacation, sick, parental
- Short-term and long-term disability for when you can't work because of injury, illness, or childbirth