Real Estate Transaction Account Manager
| Company | 7-Eleven |
|---|---|
| Location | Yellow Springs, OH, USA, Irving, TX, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Expert or higher |
Requirements
- Education: Bachelors/4 Yr. Degree required or equivalent experience
- Experience: Minimum 10 Retail/Commercial Real Estate
- Expert knowledge of real estate contracts
- Strong project management skills, including data query for tracking/reporting
- Strong financial skills, able to articulate financial arguments and evaluate program / deal viability
- Strong knowledge of market values across real estate spectrum
- Expert level communicator / Presenter
Responsibilities
- Manage Store Portfolio for Lease Renewals and Extensions following corporate strategy.
- Manage all Right of Way / Domain Takings / Easement Requests
- Manage portfolio of lease renewals
- Monitoring assets in portfolio and reporting.
- Direct actions of outsourced reps, including training/coaching, review of negotiation strategy, estimated market values and anticipated results.
- Gain approval for approach/targets.
- Research appraised value, tax information, etc. to determine fair market value.
- Determine a stores importance to Network Plan and get guidance from Operations.
- Able to negotiate leases, amendments as needed.
- Able to write/review short documents, or work w/ counsel on large agreements on complex issues.
- Follow company policy and procedures in securing renewal approvals.
- Participate in the cross-functional review of underperforming stores and contribute to store closure decisions.
- Negotiate lease cancellations and buy-outs.
- Market property for sale and continually monitor the marketability of the property.
- Collaborate cross-functionally in Network Planning, Operations, Planning, & other departments.
- Alert the team to threats and opportunities to the store base: expiring leases, potential closures.
- Analyze rents in all stores for savings opportunities or extensions.
- Contribute to store growth through awareness of Relocation/Rebuild opportunities.
- Prepare stores for negotiation by working with outside Property Managers to resolve outstanding issues, tactical repairs or gaining approval for capital improvements.
- Be responsive to Management. This includes: Track and monitor activities, regularly reporting on results and progress of duties.
- Manage Additional & Alternative Real Estate Program Sets for Revenue Generation following corporate strategy.
- Generate revenue through alternative real estate transactions.
- Actively manage existing real estate portfolio with network of external brokers and partners.
- Identify and create new sources of revenue streams leveraging both owned and leased properties.
- Create short and long range plans for revenue growth.
- Track and report to management periodic progress towards goals.
- Create any and all guidelines, training documents, process documents for existing and new programs.
- Hold external partners (brokers, developers, business partners) accountable. This will include hiring and firing as needed.
- Must be able to create, review, and implement contracts that would provide revenue, services, or any such other contract that will benefit the business.
- Collaborate with internal partners to gain alignment for new or existing program.
- Collaborate with external entities (municipalities) to advance success at the transaction level.
Preferred Qualifications
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No preferred qualifications provided.