11 Real Estate Representative - Portfolio Management Jobs in Atlanta, GA
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Real Estate Representative - Portfolio Management
$109k-156k (estimate)
Full Time | Retail
8 Months Ago
RaceTrac is Hiring a Real Estate Representative - Portfolio Management Near Atlanta, GA
RaceTrac Company OverviewJob Description:
The Real Estate Representative is responsible for supporting the real estate operations by managing and maximizing the value of real estate assets and existing stores. This individual teams with a Real Estate Manager, Senior Manager, or Director as well as cross-functional business partners to manage the existing stores and vacant real estate for RaceTrac. Up to 25% travel required.
Responsibilities
The Real Estate Representative is responsible for supporting the real estate operations by managing and maximizing the value of real estate assets and existing stores. This individual teams with a Real Estate Manager, Senior Manager, or Director as well as cross-functional business partners to manage the existing stores and vacant real estate for RaceTrac. Up to 25% travel required.
Responsibilities
- Supports the regional real estate acquisitions and dispositions team in ongoing management of existing assets and store portfolio
- Facilitates lease management with Lease Administrator, including, but not limited to: managing landlord/3rd party requests, post lease obligations, renegotiation and lease amendments, and acquisitions of existing leases
- Negotiates purchase and lease agreements for additional land relating to existing stores to support re-investment strategy, and negotiates leases for Regional Store Support and Distribution Centers
- Facilitates with Legal and Real Estate Director on the life-cycle management of assets, including, but not limited to: third party approvals, assisting in the coordination and management of condemnations, eminent domain proceedings, and government easements
- Facilitates with Legal and Real Estate team in managing escrow accounts of owned real estate
- Supports in the resolution of jurisdictional liens and violations resulting from existing assets
- Partner with internal stakeholders to execute the optimization strategy of existing stores; provides contractual rights and obligations relative to proposed reinvestment projects
- Negotiates and provides recommendations on third party agreements, easements, licenses, restrictions and other requests to support existing stores
- Executes on store action items in support of store operations needs as determined by internal stakeholders, including third party visibility, access and parking easements, or other store optimization items.
- Partners with Engineering, Construction and Environmental in optimizing development approvals for disposition portfolio
- Prepare and present recommendations to real estate and asset management committees, as necessary
- Maintains an overall knowledge of the processes, procedures, and legalities within the regions
- Bachelor’s degree from an accredited college or university in Real Estate or related field preferred
- 3 years of Real Estate or related experience; asset and portfolio management experience preferred
- Proficient with MS Office Suite preferred
Job Summary
JOB TYPE
Full Time
INDUSTRY
Retail
SALARY
$109k-156k (estimate)
POST DATE
11/28/2023
EXPIRATION DATE
07/19/2024
WEBSITE
racetrac.com
HEADQUARTERS
GARLAND, TX
SIZE
7,500 - 15,000
FOUNDED
1997
TYPE
Private
CEO
TROY CLEARMAN
REVENUE
$10M - $50M
INDUSTRY
Retail
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About RaceTrac
RaceTrac owns and operates a chain of convenience stores and gasoline service stations.
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