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Job Responsibilities and Accountabilities |
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- Administer governing real estate documents to insure Albertsons rights are protected and obligations met.
- Effectively communicate document analysis to Albertsons operational and store-support business units, as well as impacted parties such as landlords, tenants, common area maintenance directors, and fellow consenting owners covered by governing documents. Implement remedies to conditions which interfere with Albertsons goals. This may include negotiating quid pro quo concessions or fees and/or amending the documents with assistance from Albertsons legal counsel.
- Monitor critical action dates from the 2-Year and 60-Day calendars. Assist business units with timely decisions and implementation of desired action relative to options and expirations.
- Verify accuracy of expense and income for all Albertsons real estate interests. Work closely with accounting personnel to ensure that Albertsons is paying and/or collecting base and percentage rent, common area operation, insurance, maintenance, and taxes in accordance with contractual obligations. Oversee periodic audits of these expenditures and revenues.
- Provide budget guidance to operating and surplus property business units for tax, insurance, and common area maintenance expense and income lines with the goal of obtaining best value for dollars expended and spending those dollars where the best return on investment is likely. Audit variances each accounting period and take corrective action to minimize gaps.
- Oversee common area maintenance budgeting and input to the payable system and property tax payment system.
- Coordinate maintenance or remodel projects with landlords, tenants, shopping center managers and/or common area maintenance directors to maximize positive impact of the improvement while minimizing disruption to the shopping center or Albertsons store business.
- Investigate property management issues to assist legal department staff prepare required estoppel certificates and subordination non-disturbance agreements.
- Review public notices from planning & zoning entities, transportation authorities, and other regulatory authorities for impact upon Albertsons real estate assets and assist operational and real estate business units in mitigating potential value reduction resulting from changes.
- Negotiate in-store licenses with users that complement our business and provide an added reason for customers to select Albertsons as their supermarket of choice as well as generate income for the store.
- Manage tenant relationship, mitigate issues and facilitate requests. This includes leasing requests and negotiations, premises issues, accounts receivable oversight and collection and other tenant related matters that typical arise from time to time.
- Responsible for special projects assigned to the department such as value-add seasonal sales of fireworks, Christmas trees, garden products, recycling, energy conservation, etc. as desired by operations.
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Scope |
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The Property Management Department is responsible for the contractual and financial obligations: for ____ real estate units currently. The incumbent for this specific position will initially be assigned direct supervision of one department specialist(s) and property management of
operating stores:134 Stores and 33 Fuel Centers
vacant assets: 6 stores and 3 retail spaces
tenanted assets: 2 stores and 8 retail spaces
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Relevant Experience, Education, Certification, Knowledge, Skills and Abilities |
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- Bachelor degree with emphasis upon real estate, law, or general business preferred and/or previous extensive experience in property management, 3-5 years.
- General understanding of real estate leases, documents granting easements or restricting use, common area maintenance agreements, profit and loss statements, financial statements , and proformas .
- Basic familiarity with Microsoft Office, Excel, Word, and capable of navigating Company data repositories.
- Possess good management and leadership skills with the ability to motivate and work with and through others to achieve desired results.
- Possess strong written and verbal communication skills. Interacts with multiple Company business units, and represents Albertsons to outside parties.
- Be a self-starter with an ownership attitude and a strong affinity for prudent prioritizing among issues simultaneously vying for action.
- Possess strong negotiation and deal-making skills.
- Possess good management and leadership skills with the ability to motivate and work with and through others to achieve desired results.
- Tenant leasing and prospect sourcing experience a plus.
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Physical Environment |
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- Some travel may be required
- Most work is performed in a temperature-controlled office environment while sitting for long periods of time at desk or computer terminal.
- Incumbent may use keyboards, telephone, and other office equipment during normal workday
- Stooping, bending, twisting, and reaching may be required in completion of job duties
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