Property Manager – Asset Strategy

Work Where You Matter

At Dollar General, our mission is Serving Others! We value each and every one of our employees. Whether you are looking to launch a new career in one of our many convenient Store locations, Distribution Centers, Store Support Center or with our Private Fleet Team, we are proud to provide a wide range of career opportunities. We are not just a retail company; we are a company that values the unique strengths and perspectives that each individual brings. Your difference truly makes a difference at Dollar General. How would you like to Serve? Join the Dollar General Journey and see how your career can thrive.
Company Overview

General Summary:

This position is responsible for managing the remodel initiative activity, negotiating landlord-responsible maintenance work in conjunction with (or prior to) DG remodels, obtaining landlord consent to perform work on behalf of landlord, and negotiating scopes of work for facility upgrades or property improvements. This individual must utilize independent, critical thinking, problem-solving and analytical skills to negotiate short- and long-term lease extension agreements, analyze property details to identify property concerns, perform in-depth lease research, and apply practical real estate knowledge in making appropriate decisions and enforcing lease provisions.

Job Details

Duties & Responsibilities:

• Manage and participate in activities related to the Elevate/Renovate remodel initiative. Partner with Construction to obtain site survey results and scope recommendations, conduct wholistic review of assets through street view tools to identify facility concerns, analyze landlord ticket data, lease responsibility, and obtain operator feedback to determine facility needs. Develop the appropriate renewal strategy based on the research conducted. Responsibilities include financial analysis, risk mitigation, legal review, and pipeline management. Prioritize projects, as necessary, to ensure lease extensions are secured in advance of remodel fixture start dates so that the costs of the remodel project may be amortized over the available lease term. 
• Conduct independent negotiations with the Landlord, Property Manager or Landlord’s attorney and perform a financial metrics analysis for stores in the remodel pipeline to arrive at an agreement that is within the Company’s financial parameters and strategic goals. Negotiations will result in landlord-responsible maintenance work being performed in conjunction with (or prior to) DG’s remodel, and/or monetary contribution towards DG completing landlord scope of work items. For projects requiring Landlord involvement or approval, negotiate scopes of work for facility upgrades or property improvements and obtain consent for DG to perform work on behalf of landlord. 
• Manages external consultant in supporting the Elevate/Renovate remodel initiative. Effective management of pipeline includes providing direction and accountability to a team of external brokers, reviewing deals, as necessary, to ensure the terms align with the Remodel Maintenance Program’s goals and Dollar General’s long term strategic real estate plans. Review and assist in drafting legal documents to maintain the integrity of our lease, and present deal terms, as needed, to the Director of Asset Strategy. 
• Develop and manage reports to communicate on-going activities to senior management, seeking direction on site-specific issues as necessary. Draft and negotiate highly structured lease language and create legal documents (as necessary) in accordance with the Lease and Law Department established guidelines, securing assistance from in- house counsel as needed. 

Knowledge, Skills and Abilities (KSAs):

• Ability to work in a highly confidential, professional team environment.
• Advanced skills in communication (verbal and written), team problem solving, negotiation, multi-tasking, analytical and project management.
• Advanced knowledge and understanding of real estate concepts, practices and procedures § Advanced understanding of legal documents and legalese.
• Attention to detail, organization, and timely follow-up.
• Knowledge and understanding of the retail industry.
• Ability to understand market data information.
• Advanced knowledge and understanding of financial concepts (IRR, EBITDA, gross margin, etc.).
• Self-motivated to achieve company, departmental and personal goals § Ability to manage and track, in an organized manner, a large volume of tasks.
• Advanced knowledge of word processing, spreadsheet, and database applications.
• Required to work independently.
• Ability to effectively communicate both verbally and in written form to high level internal and external partner.

Qualifications

Work Experience &/or Education:

• Paralegal, Business Management degree (or related field) or demonstrable equivalent experience.
• At least five (5) years’ experience in Facilities Management, Legal, or Lease Administration fields preferably in a retail environment.