Supervisor, Asset Management

About the role

The Real Estate Portfolio Supervisor will be the subject matter expert for real estate related issues and is accountable within the assigned Field Office(s) to develop plans and set goals to optimize the existing asset/real estate portfolio.

Duties

• Lead resolution of property issues, including condemnations, easements, CAM disputes, lease/land rights, estoppels, excess property, consents, and non-monetary defaults tied to development initiatives.
• Identify income opportunities within real estate assets, such as cell towers, air rights, excess property, easements, CAM opportunities, and billboards.
• Apply Development Standards to improve restaurant performance through visibility, access, drive-thru, signage, landscaping, and related site enhancements.
• Renegotiate landlord and co-tenant agreements to support site remedies and development needs.
• Analyze underperforming real estate assets and recommend solutions.
• Partner with the Real Estate Portfolio Manager to create, maintain, and update the portfolio Vision Plan.
• Negotiate real estate agreements for additional property needs at existing locations.
• Prepare and present Rebuild and AP site packages for approval.
• Cook with Construction to secure landlord and third-party approvals.
• Partner with Legal, Finance, REF Accounting, Asset Managers, Franchisees, landlords, and authorities on defaults, CAM, taxes, disputes, easements, condemnations, litigation, and violations.
• Build strong relationships with Field Office leadership, Franchisees, landlords, and governmental authorities.
• Represent McDonald’s in professional organizations and public hearings.
• Maintain regular communication with Field Office Restaurant Development Management to support regional planning alignment.
• Cook with internal and external partners to resolve property maintenance and operational issues.
• Meet with landlords and conduct site inspections to address common area, compliance, and property concerns.
• Manage condemnation-related work with Legal, authorities, Construction, and consultants, including valuation, restoration costs, municipal compliance, compensation, impact reports, and legal documents.
• Partner with Finance and Legal to issue notices and defaults for past-due tenant receivables.
• Support store closing processes with the Region and Excess Property Team, including landlord transition or disposition.

Qualifications

• Degree or equivalent in a real estate related field preferred
• Commercial real estate experience, Property management, paralegal or title company background with real estate or construction experience
• Proficiency in lease/contract analysis and negotiation
• Understanding 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 own the outsourcing of facilities and property maintenance and excess property, superior relationship building, interpersonal skills, both written and verbal, and strong real estate financial acumen.

Compensation

Bonus Eligible: Yes
Long - Term Incentive: No
Benefits Eligible: Yes
Salary Range: $93,208.00 - $116,510.00 per year

Additional Information

Benefits eligible: This position offers health and welfare benefits, including but not limited to comprehensive health insurance, which includes medical, prescription drug, mental health, dental and vision coverage, as well as, life insurance; a 401(k) plan; adoption assistance program; educational assistance program; flexible ways of working; and time off policies (including sick leave, parental leave, and vacation/PTO). McDonald’s is an equal opportunity employer committed to the diversity of our workforce. We promote an inclusive work environment that creates feel-good moments for everyone. McDonald’s provides reasonable accommodations to qualified individuals with disabilities as part of the application or hiring process or to perform the essential functions of their job. If you need assistance accessing or reading this job posting or otherwise feel you need an accommodation during the application or hiring process, please contact mcdhrbenefits@us.mcd.com. Reasonable accommodations will be determined on a case-by-case basis. 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.