Supervisor, Asset Management

McDonald's Corporation•Chicago, IL

5d•$93,208 - $116,510

About The Position

McDonald’s is a globally recognized brand with restaurants in over 100 countries, serving 70 million customers daily. The company operates from a position of strength, with a growth strategy focused on anticipating customer desires and maximizing growth potential. McDonald's has maintained its position as a leading global corporation for nearly 70 years due to its relentless ambition. Joining McDonald's offers the opportunity for a career with worldwide influence. The company emphasizes creating positive impact daily, guided by values of inclusivity, service, integrity, community, and family. Through initiatives like supporting Ronald McDonald House Charities, the Youth Opportunity project, and sustainability efforts, McDonald's leverages its scale for good. They offer a comprehensive range of benefits, including a sabbatical program, tuition assistance, and flexible work arrangements. McDonald’s is an equal opportunity employer committed to diversity and fostering an inclusive work environment.

Requirements

Commercial real estate experience, property management, paralegal or title company background with real estate or construction experience
Proficiency in lease/contract analysis and negotiation
Understanding of governmental processes such as permitting, zoning, special use, licensing, and condemnations; competency in use of surveys, site plans, and building plans; understanding of RE tax abatements
Ability to own the outsourcing of facilities and property maintenance and excess property, superior relationship building, interpersonal skills, both written and verbal, and strong real estate financial acumen.

Nice To Haves

Degree or equivalent in a real estate related field preferred

Responsibilities

Improving 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 initiatives and non-monetary defaults.
Proactively finding opportunities for income potential in real estate assets (e.g., cell towers, air rights, unidentified marketable real estate excess, easements, CAM opportunities, billboards, etc.).
Utilizing 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.
Analyzing and making recommendations for underperforming real estate assets.
Collaborating with Real Estate Portfolio Manager and others to create, maintain and update the Vision Plan for the existing real estate portfolio.
Negotiating terms and conditions of real estate agreements for additional property as required for existing locations.
Assembling and presenting Rebuild and AP site packages to management for approval.
Working with Construction to secure all required approvals from landlord or third parties.
Working closely with Real Estate Portfolio Manager, Legal Department Attorneys, 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.
Building and maintaining relationships and dialogue with the Field Office leadership, Franchisees, landlords, and governmental authorities.
Representing McDonald’s by participating in professional organizations and attending public hearings.
Conducting regular communication with Field Office Restaurant Development Management to maintain alignment with the regional plan and to participate in the Field Office planning process.
Consulting with the Coordinators, Franchisees, Construction Managers, and Operations regarding issues related to maintaining the property by coordinating internal and external resources.
Meeting with landlords and resolving issues such as common area responsibility and compliance; conducting on-site inspections to observe and resolve issues and problems.
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) following municipality w/code; c) negotiating compensation from condemning authority; d) preparation of condemnation impact reports; e) revising and implementing legal documents.
Working with Finance Managers and Legal to initiate legal notice and default for past due accounts receivable for tenant properties.
Working with the Region and Excess Property Team on store closing processes and transitioning the property landlords or disposition.