Director, Asset Management

JOB SUMMARY

The Director Asset Management provides strategic and operational leadership for the Companys real estate portfolio including stores distribution facilities and excess property. This role is accountable for developing and executing the long-term portfolio strategy maximizing asset value reducing occupancy risk aligning stakeholders and ensuring disciplined management of lease and property obligations. The Director leads and develops the Asset Management team directs internal and external partners and presents portfolio recommendations and major transactions to senior management.

ESSENTIAL FUNCTIONS

Strategic Portfolio Leadership

• Develop recommend and execute the Companys long-term real estate portfolio strategy in alignment with enterprise priorities financial objectives and operating needs.

• Establish annual and multi-year Asset Management priorities performance measures approval protocols and reporting for the portfolio.

• Use market financial lease and operating data to identify value-creation opportunities occupancy risks critical lease events and recommended actions.

• Lead portfolio reviews and present strategies major transactions financial implications and risk-mitigation recommendations to senior management and approval committees.

Team Leadership and Functional Oversight

• Lead coach and develop Asset Management team members including Asset Manager(s) and Lease Administrators as assigned; set priorities allocate work establish accountability and support succession and capability development.

• Provide direction and approval guidance for negotiations issue resolution and transaction execution; serve as the executive escalation point for complex landlord tenant and portfolio matters.

• Create consistent processes controls tools and documentation standards that improve portfolio visibility decision quality compliance and execution speed.

• Direct and evaluate third-party service providers including lease administrators brokers attorneys tax consultants appraisers and other real estate advisors.

Transactions and Value Optimization

• Lead and oversee the negotiation of lease renewals amendments restructurings terminations and other complex business and legal agreements.

• Direct the sale lease or sublease of excess property and lead the Companys sale-leaseback program including evaluation of alternatives business terms approvals and execution.

• Oversee real estate strategy and transactions for distribution facilities and other non-store assets.

• Ensure major portfolio decisions are supported by rigorous financial analysis scenario planning market insight and clearly documented business cases.

Portfolio Administration Compliance and Risk Management

• Oversee any third-party lease administration and ensure the accuracy and timeliness of lease abstracts critical dates payments notices options reporting and related controls.

• Direct the management of Company tenants and income-producing leases including compliance landlord obligations receivables renewals and issue resolution.

• Oversee the payment review appeal and contest of real estate taxes and coordinate related external advisors.

• Monitor and resolve portfolio risks involving lease compliance operating expenses insurance property obligations and other occupancy-related matters in partnership with Legal Finance Accounting Operations Facilities and Supply Chain.

Cross-Functional and External Leadership

• Lead cross-functional teams of internal and external attorneys finance professionals operators facilities and construction partners brokers consultants and other subject-matter experts and assure alignment across operations and facilitates on decisions impacting portfolio

• Maintain strong relationships with landlords tenants brokers lenders municipalities and industry partners; represent the Company at public meetings and industry events.

• Serve as the primary source of portfolio guidance for internal stakeholders and ensure real estate questions and issues are addressed accurately consistently and promptly.

QUALIFICATIONS & COMPETENCIES

• Bachelors degree required; MBA or J.D. preferred.
• 10 years of progressively responsible corporate or retail real estate experience including management of a large geographically diverse portfolio; big-box retail and shopping center experience preferred.
• Demonstrated success developing portfolio strategy and executing complex lease renewals restructurings relocations dispositions excess-property transactions and sale-leasebacks.
• Proven people leadership experience including the ability to set direction develop talent manage performance and lead through influence across a matrixed organization.
• Strong financial and analytical skills including the ability to evaluate transaction economics portfolio scenarios occupancy costs and risk-adjusted alternatives.
• Deep working knowledge of commercial leases portfolio administration real estate taxes property obligations and transaction governance.
• Exceptional negotiation executive communication presentation judgment and problem-solving skills.
• Strong industry relationships and the ability to build trusted partnerships with internal and external stakeholders.
• Ability and willingness to travel based on business needs.

WORK LOCATION DETAILS

Work Location: Home Office - Coppell TX

Work Schedule: Hybrid

• Onsite: Tuesdays Wednesdays and Thursdays

• Work from Home: Mondays and Fridays

WHO WE ARE

Discover At Home the Home and Holiday Décor Superstore with endless aisles of must-have styles at prices so low you wont believe it. We are a dynamic fast-paced retail brand with exciting career opportunities offering growth and a fun job youll love. We boast over 260 retail stores across 40 states multiple distribution centers and a modern corporate headquarters located in Coppell TX. We have open positions that value imagination and diversity giving people the opportunity to explore grow and help shape our future.

WORKING CONDITIONS

Home Office

• Must be able to remain stationary at a desktop workspace for extended periods of time.

• Ability to move about an office environment.

• Regular travel to stores markets properties meetings and industry events may be required.

SUMMARY OF BENEFITS

At Home is proud to offer competitive benefits for non-temporary positions including but not limited to:

Part-Time

- 401(k) W/ Employer Match

- Dental Vision Life and Disability Insurance

-25% Store Discount (Seasonal TMs Included)

Full-Time All Prior Benefits PLUS

- Medical Insurance

- Flexible Spending Accounts

- Paid Time Off Holidays and Volunteer Time