Job DescriptionJOB SUMMARYThe
Director, Asset Management provides strategic and operational leadership for the Company's 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 FUNCTIONSStrategic Portfolio Leadership- Develop, recommend, and execute the Company's 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 Company's 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- Bachelor's 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 DETAILSWork Location: Home Office - Coppell, TX
Work Schedule: Hybrid
- Onsite: Tuesdays, Wednesdays, and Thursdays
- Work from Home: Mondays and Fridays
WORKING CONDITIONSHome 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 BENEFITSAt 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
Responsibilities- Develop and execute the company's long-term real estate portfolio strategy, considering enterprise priorities and financial goals.
- Lead and coach the Asset Management team, including Asset Managers and Lease Administrators, to ensure effective portfolio management.
- Identify value-creation opportunities, occupancy risks, and critical lease events, recommending appropriate actions.
- Negotiate and oversee lease renewals, amendments, and complex agreements, ensuring compliance and timely execution.
- Direct the sale, lease, or sublease of excess properties and manage the company's sale-leaseback program.
- Maintain strong relationships with landlords, tenants, brokers, and industry partners, representing the company externally.
- Provide accurate and timely guidance to internal stakeholders on real estate matters, ensuring consistent communication.
- Oversee third-party lease administration, ensuring accurate lease abstracts, critical date management, and payment processing.
- Monitor and resolve portfolio risks related to lease compliance, operating expenses, insurance, and property obligations.
- Lead cross-functional teams, aligning operations and facilities on decisions impacting the real estate portfolio.
Qualifications- Bachelor's degree is required, with an MBA or J.D. preferred.
- 10+ years of corporate or retail real estate experience, including managing a large, diverse portfolio.
- Proven success in developing portfolio strategies and executing complex lease transactions.
- Strong financial and analytical skills, with the ability to evaluate transaction economics and occupancy costs.
- Deep knowledge of commercial leases, portfolio administration, real estate taxes, and property obligations.
- Exceptional negotiation, communication, and presentation skills, with the ability to influence across the organization.
- Experience leading and developing high-performing teams, setting direction, and managing performance.
- Strong industry relationships and the ability to build trusted partnerships with internal and external stakeholders.
- Willingness and ability to travel based on business needs, including regular visits to stores, markets, and properties.
- Excellent judgment, problem-solving skills, and a results-driven mindset.
