ASSISTANT REAL ESTATE MANAGER

6 days ago

Compton, CA, United States Kroger Full time
Job Description

Support Real Estate Manager with asset management efforts across one or more divisions, including execution of enterprise's brick and mortar capital strategy, lease restructuring, key initiatives, property management and key initiatives that support long-term network strategy and deliver ROIC over time. Demonstrate the company's core values of respect, honesty, integrity, diversity, inclusion, and safety.

Responsibilities

  • Partner with division leadership in the creation and execution of brick & mortar network strategy, including major projects, joint venture developments, fuel centers, remodels, key initiatives, operational closures and divestitures; prioritize projects that deliver ROIC thresholds and support long-term network strategy
  • Manage team of 3rd party consultants within defined territories; ensure the highest degree of market intelligence, execution, integrity and accountability with consultants/brokers and include them in strategic planning meetings with division teams
  • Partner with Corporate Real Estate, division teams, and 3rd Party consultants to evaluate lease restructuring opportunities that increase leasehold value and align to network strategy through proficient and aggressive negotiating
  • Partner with key stakeholders (i.e., 1045, retail maintenance, operations, etc.) to evaluate landlord common area maintenance costs to ensure best pricing and negotiate ways to reduce maintenance costs to industry standards while continuing to maintain the customer shopping experience
  • Ensure good communications and efficient productivity in the completion of construction and maintenance of stores by working closely with intercompany departments and 3rd party consultants
  • Partner with division teams to submit capital projects to Capital Committee, including accurate financial analyses and supporting documentation required for submittal
  • Partner with 1045, RASC, Shared Services, etc. to ensure division leadership and stores receive professional levels of back-office support, including property management, expense collection, maintenance, surplus/leasing, 3rd party approvals, etc.
  • Train, lead, and direct the work of internal/external resources in numerous areas of expertise and with significant span of control
  • Ability to work cooperatively in high paced and sometimes stressful environment
  • Ability to manage conflict in a reasonable, nonconfrontational and cooperative manner
  • Ability to act with honesty and integrity regarding customer and business information
  • Ability to follow directions and seek assistance when necessary to resolve customer and business issues
  • Provide support and assistance through direct interaction with minors, individuals with special needs, and/or older adults
  • Must be able to perform the essential job functions of this position with or without reasonable accommodation
Qualifications

MINIMUM
  • Bachelor's Degree in business or real estate
  • 2+ years of experience in commercial/retail property management, real estate leases, accounting, contractual obligations and legal liabilities, and sales experience; or equivalent combination of education and experience
  • Ability to prioritize/multi-task while providing accurate/on-time results
  • Demonstrated ability to maintain confidentiality and protect sensitive information
  • Excellent oral/written communication skills
  • Strong attention to detail
  • Proficient with standard business software
  • Ability to read/interpret general business periodicals, professional journals, technical procedures, or governmental regulations
  • Ability to write reports, business correspondence, and procedure manuals
  • Ability to effectively present information and respond to questions
  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume
  • Ability to develop others
DESIRED
  • 2+ years of experience in real estate with another retailer or real estate development company, including in property management

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