Supervisor, Asset Management

McDonald's Corporation•Chicago, IL

6d•$93,208 - $116,510•Hybrid

About The Position

The Real Estate Portfolio Supervisor will be the subject matter expert for real estate related issues and is accountable within the assigned Field Office(s) to develop plans and set goals to optimize the existing asset/real estate portfolio, including but not limited to: Improving Existing Assets, Vision / AP Acquisition / Rebuild Packages, Stakeholder Partnerships, Issue Resolution, and Process Management.

Requirements

Degree or equivalent in a real estate related field preferred
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.

Responsibilities

Lead resolution of property issues, including condemnations, easements, CAM disputes, lease/land rights, estoppels, excess property, consents, and non-monetary defaults tied to development initiatives.
Identify income opportunities within real estate assets, such as cell towers, air rights, excess property, easements, CAM opportunities, and billboards.
Apply Development Standards to improve restaurant performance through visibility, access, drive-thru, signage, landscaping, and related site enhancements.
Renegotiate landlord and co-tenant agreements to support site remedies and development needs.
Analyze underperforming real estate assets and recommend solutions.
Partner with the Real Estate Portfolio Manager to create, maintain, and update the portfolio Vision Plan.
Negotiate real estate agreements for additional property needs at existing locations.
Prepare and present Rebuild and AP site packages for approval.
Coordinate with Construction to secure landlord and third-party approvals.
Partner with Legal, Finance, REF Accounting, Asset Managers, Franchisees, landlords, and authorities on defaults, CAM, taxes, disputes, easements, condemnations, litigation, and violations.
Build strong relationships with Field Office leadership, Franchisees, landlords, and governmental authorities.
Represent McDonald’s in professional organizations and public hearings.
Maintain regular communication with Field Office Restaurant Development Management to support regional planning alignment.
Coordinate with internal and external partners to resolve property maintenance and operational issues.
Meet with landlords and conduct site inspections to address common area, compliance, and property concerns.
Manage condemnation-related work with Legal, authorities, Construction, and consultants, including valuation, restoration costs, municipal compliance, compensation, impact reports, and legal documents.
Partner with Finance and Legal to issue notices and defaults for past-due tenant receivables.
Support store closing processes with the Region and Excess Property Team, including landlord transition or disposition.