VP, Real Estates & Portfolio Management

Vice President Of Real Estate Portfolio Management

The Vice President of Real Estate Portfolio Management is responsible for the strategic oversight, management, and optimization of the Company's existing portfolio of stores, including: leading the renewal/key date process, relocation/expansion program, underperforming asset dispositions and management of dark stores. Position also provides Landlord support to facilities team and portfolio encroachment analysis support to GIS / NSO team. This position is located in Chesapeake, VA.

Primary responsibilities listed in order of importance:

• Oversee the management of the company's real estate portfolio of stores and provide guidance and direction to Portfolio Management department to ensure alignment with the company's strategic objectives and goals.
• Collaborate with Real Estate Leadership team to develop and implement real estate portfolio strategies to achieve long-term growth and profitability.
• Manage the financial aspects of the real estate portfolio, including budgeting, forecasting, and financial analysis.
• Manages relocations and expansions of current portfolio of stores to ensure budgeted store count goals are achieved.
• Identify and mitigate risks associated with the real estate portfolio. Develop risk management strategies and ensure compliance with regulatory requirements.

• Establish key performance indicators (KPIs) to measure the success of the real estate portfolio.
• Implement tracking systems and tools to monitor progress and make data-driven decisions.
• Continuously review and improve real estate processes and methodologies.

• Build and maintain relationships with key stakeholders, including landlords -institutional and private-, operating partners, and tenants.
• Communicate portfolio performance and strategy effectively to stakeholders.
• Partners closely with other departments such as Legal and Store Operations.
• Oversee the development of team talent and department succession plans.

Summary of knowledge, experience and education required:

• Bachelor's degree in real estate, finance, business administration, or a related field (MBA or advanced degree preferred).
• A minimum of 10 + years of experience in real estate leadership roles with extensive experience in real estate portfolio management, investment analysis, or related areas.
• Strong negotiation and decision-making skills.
• Strong financial acumen and understanding of real estate investment principles.
• Excellent strategic thinking and problem-solving skills.
• Proven leadership and team management abilities.
• Effective communication and interpersonal skills including strong consensus building and conflict resolution skills.
• Ability to work in a fast-paced and dynamic environment.
• Ability to travel as required.

Full time510 Volvo Parkway,Chesapeake,Virginia 23320Portfolio ManagementFamily Dollar