Supervisor, Portfolio Management

McDonald's Corporation • Chicago, IL

4d • $93,208 - $116,510

About The Position

We are seeking a motivated and dynamic professional to design and internal process tailored for a specific restaurant category – McDonald’s / Convenience and Fuel Facility – to enhance efficiency in property and lease management, as well as other related property administration tasks with the portfolio.

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

• Improves 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 finds opportunities for income potential in real estate assets (e.g., cell towers, air rights, unidentified marketable real estate excess, easements, CAM opportunities, billboards, etc.).
• Utilizes 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.
• Analyzes and makes recommendations for underperforming real estate assets.
• Collaborates with Real Estate Portfolio Manager and others to create, maintain and update the Vision Plan for the existing real estate portfolio.
• Negotiates terms and conditions of real estate agreements for additional property as required for existing locations.
• Assembles and presents Rebuild and AP site packages to management for approval.
• Works with Construction to secure all required approvals from Landlord or Third Parties.
• Work 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.
• Build and maintain relationships and dialogue with the Field Office leadership, Franchisees, landlords, and governmental authorities.
• Represent McDonald’s by participating in professional organizations and attending public hearings.
• Conduct regular communication with Field Office Restaurant Development Management to maintain alignment with the regional plan and to participate in the Field Office planning process.
• Consult with the Coordinators, Franchisees, Construction Managers, and Operations regarding issues related to maintaining the property by coordinating internal and external resources.
• Meet with Landlords and resolve issues such as common area responsibility and compliance, conduct 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.

Benefits

• This position offers health and welfare benefits, a 401(k) plan, adoption assistance program, educational assistance program, flexible ways of working, and time off policies (including sick leave, parental leave, and vacation/PTO).
• This position is eligible for a bonus, calculated based on individual and company performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees