Real Estate Portfolio Manager

Company Description

McDonald’s is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries that serve 70 million customers daily. As the global leader in the food service industry, our legacy of innovation and hard work continues to drive us.
From drive thru updates to delivery to mobile order and pay, we are innovating quickly and growing. Joining McDonald's means thinking big and preparing for a career that can have influence around the world.

At McDonald’s, we see every day as a chance to create positive impact. We lead through our values centered on inclusivity, service, integrity, community and family. From support of Ronald McDonald House Charities to our Youth Opportunity project and sustainability initiatives, our values keep us dedicated to using our scale for good: good for our customers, people, industry and planet. We also offer a broad range of outstanding benefits including a sabbatical program, tuition assistance and flexible work arrangements - check them out here!

We are an equal opportunity employer committed to the diversity of our crew members, staff, operators, and suppliers. We promote an inclusive work environment that creates feel-good moments for everyone. We are interested in people who enhance our company culture: Does this role interest you? We encourage you to apply even if you don’t meet every single requirement!

Job Description

Maximizing Existing Assets

·         Improves existing asset base by managing 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 identifies opportunities for income potential in real estate assets (e.g., cell towers, air rights, unidentified marketable real estate excess, easements, RE Tax opportunities, 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.

Vision Planning / AP Acquisition / Rebuild Packages

·         Collaborates with Real Estate Portfolio Lead 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.

Relationships/Consulting

·         Work closely with Field Real Estate Lead, Legal Department Attorneys, Property Administration, 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, owner operators, landlords, and governmental authorities.

·  Represent McDonald’s by participating in professional organizations and attending public hearings.

·  Conduct regular communication with FET Restaurant Development Management including Development Director and Construction Manager to maintain alignment with the regional plan and to participate in the FET planning process.

· Provides input on the existing real estate portfolio as requested for Operator’s Business Reviews and/or Franchise Planning Meetings.

Problem Solving and Innovation

·  Consult with the Coordinators, Franchisees, Construction Managers, and Operations regarding issues related to maintaining the property by coordinating internal and external resources.

·  Meet with Landlord and resolve issues such as common area responsibility and compliance, conduct on-site inspections to observe and resolve issues and problems.

·  Maintain a list of approved service providers on the Field Office website which the Franchisee can use for repairs and maintenance.

Process Management

·  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) complying with municipality w/code; c) negotiating compensation from condemning authority; d) preparation of condemnation impact reports; e) revising and executing legal documents.

·  Working with Finance Managers and Legal to initiate Legal notice and default for past due accounts receivable for Tenant properties.

·  Prepare and disseminate project tracking reports to the regions and management.

·  Working with the Region and Excess Property Team on store closing processes and transitioning the property Landlords or disposition.

Qualifications

Must be fully vaccinated (i.e., at least 2 weeks after last dose) for COVID-19 and, if hired, present proof of vaccination by start date.

POSITION QUALIFICATIONS

Education:      Four year college degree in a real estate related discipline preferred. Additional diversified business, real estate, construction, and financial courses desirable.

Experience:  Commercial real estate experience, Property management, paralegal or title company background with real estate or construction experience recommended. Retail sector and facilities experience helpful, including position(s) requiring extensive analysis and direct negotiations a plus.  

Skills:  Proficiency in lease/contract analysis and negotiation; working knowledge 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 manage the outsourcing of facilities and property maintenance and excess property, superior relationship building, communication skills, both written and verbal, and strong real estate financial acumen. 

This position requires travel. Candidate ideally lives in Las Vegas or Phoenix market but not required.

Additional Information

McDonald’s is committed to providing qualified individuals with reasonable accommodations to perform the essential functions of their jobs. Additionally, if you (or another applicant of whom you are aware) require assistance accessing or reading this job posting or otherwise seek assistance in the application process, please contact [email protected]

McDonald’s provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to sex, sex stereotyping, pregnancy (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), race, color, religion, ancestry or national origin, age, disability status, medical condition, marital status, sexual orientation, gender, gender identity, gender expression, transgender status, protected military or veteran status, citizenship status, genetic information, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Nothing in this job posting or description should be construed as an offer or guarantee of employment.