Excess Property Manager

Lowe's Companies, Inc.•Remote, NC (SSC) 4932, NC

10d•Remote

About The Position

This position is fully remote, allowing you to enjoy the flexibility of working from home while collaborating with skilled team members and contributing to groundbreaking solutions. The principal purpose of the Excess Property Manager is to manage the disposition of assigned properties from the Sr manager of the company's excess non- strategic real estate. The Excess Property Manager fulfills the function of this role by marketing, selling, leasing, sub-leasing, or any other method of ensuring the most profitable position for Lowe's while adhering to company values and by relying on direction from the Sr. Excess Manager and the executive team.

Requirements

Bachelor’s degree Business Administration or Real Estate related field or equivalent years of experience in lieu of education requirement, if applicable
1-3 years Developing and implementing a commercial real estate marketing and sales program
1-3 years of Commercial Real Estate Experience.
Deal making/ property management or sales.
Experience can be with a retail company, but not required

Nice To Haves

1-2 years of Real Estate Property Sales

Responsibilities

Facilitates the disposition of all assigned company non-strategic excess real estate assets, including but not limited to the marketing, selling, leasing, sub-leasing, etc. within the best interest of the company
Work with internal partners on excess real estate that may fit internal strategic uses, in lieu of leasing or purchasing other property.
Coordinates with all stakeholders, (e.g., Lowe’s Legal, Facilities Management, E&C, Real Estate, Finance, Market Research, Operations, etc.), for the highest ROIC with each sales transaction, while minimizing impact to active store operations.
Preparation of presentations to the REC concerning the excess property portfolio, including applicable recommendations for dispositions.
Partners with Lowe’s legal team for all relevant real estate agreements and property management activities associated with the disposition of excess properties.
Notifies the applicable groups when an excess property or carve out opportunity exists as related to real estate deals, existing stores, closed stores, etc.
Coordinates viewings with brokers, sister store managers, and potential buyers.
Works with outside broker partners, Identifies and targets potential customers; potential travel to the customer to secure deals.
Possible Travels to soon-to-be-vacated real estate and/or peripheral land sale opportunities to evaluate market conditions in order to establish recommendations for disposition strategy.
Adherence to the corporate financial and capital asset guidelines.