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REAL ESTATE PORTFOLIO MANAGER

$106,400 - $149,000/Yr

Jack in the Box - San Diego, CA

posted 24 days ago

Full-time - Mid Level
San Diego, CA
Food Services and Drinking Places

About the position

Responsible for the company's real estate portfolio, including extensions and renewals, renegotiating leases, lease options, securing new office/industrial space, identifying and facilitating opportunities for the remodel/rebuild of existing stores, and securing capital to fund restaurant development through sale/leaseback and ROFR transactions. This role also manages third-party disposition properties as assigned.

Responsibilities

  • Negotiates lease extensions, renewals, and lease options for restaurants and office space along with early lease buyouts as needed.
  • Obtains lease term and landlord TIA incentives to support remodels.
  • Incorporates knowledge of each market and establishes fair market value for properties.
  • Prepares justification and rationale of negotiated terms and conditions for departmental and senior management approval; negotiates final legal contracts as drafted by legal counsel.
  • Develops and administers effective marketing programs to ensure the expeditious movement of excess and disposable properties.
  • Negotiates the best terms possible for the sale/sublease of the property.
  • Manages the Company's sale/leaseback and ROFR program, including identifying and initiating contact with institutional investors, and individual brokers and investors.
  • Markets and negotiates sale/leaseback packages at the most competitive rates for the Company.
  • Coordinates purchase of sale/leaseback properties with internal departments, title companies, appraisers, environmental consultants, investors, and their outside counsel to ensure closing meets the Company's development schedule.
  • Performs other related duties, tasks, and responsibilities as required, assigned, and directed.

Requirements

  • Bachelor's degree or equivalent, preferably in Finance, Business Administration, or Real Estate.
  • 5-7 years related real estate or property management experience; experience in the restaurant or retail industry preferred.
  • Strong oral and written English communication skills, negotiation, presentation, and mathematical skills required.
  • Demonstrated ability to effectively interact with the real estate development community including developers, brokers, and engineering professionals.
  • Ability to work remotely and autonomously and effectively communicate up, down, and across the organization.
  • Proficient knowledge of personal computers and Microsoft Office 365 (i.e., Word, Excel).
  • Demonstrates integrity and ethical behavior.

Benefits

  • Medical
  • Dental
  • Vision
  • Health Savings Account (HSA)
  • Flexible Spending Account (FSA)
  • Life and Disability Plans
  • 401(k) plan with company match
  • Legal Plan
  • Pet Insurance
  • Tuition Reimbursement
  • Employee Assistance Program
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