Walgreens

Mgr Real Estate Portfolio

Walgreens$90K — $120K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree with 2 years in healthcare or High School Diploma/GED with 7 years in real estate
  • Ability to apply financial principles for underwriting real estate investments
  • Skilled in presenting project plans and cost-benefit analyses to stakeholders
  • Knowledgeable in lease terms and financial performance at store level
  • Experienced in negotiating real estate contracts
  • Proficient in advanced quantitative and analytical skills
  • Strong leadership experience with cross-functional teams
  • Willingness to travel up to 25% for business purposes.

Responsibilities

  • Manage real estate assets for over 500 stores, impacting $250 million in rent expense.
  • Develop and execute asset strategies to maximize company value.
  • Conduct market analysis to inform data-driven real estate strategies.
  • Maintain asset management data and monitor performance metrics.
  • Collaborate to negotiate rent reductions for existing stores.
  • Prepare monthly reports aligned with division strategies to track progress.
  • Contribute to the Annual Capital Plan to enhance portfolio value.

Benefits

  • Comprehensive health insurance packages.
  • Retirement savings plans with employer match.
  • Generous paid time off and holiday policies.
  • Opportunities for professional development and continued education.
  • Employee discounts and wellness programs.
Full Job Description
Job Description

Job Summary:

Provides insight to support strategy into the new and existing store base within assigned region. Develops and maintains knowledge of regional market trends and makes recommendations to create financial value. Focuses on maximizing financial performance, identifies and executes opportunities to to increase efficiencies. Preserves and increases earnings to achieve the highest portfolio value while mitigating risk through successful negotiation of property disposition, lease and financial restructuring activities. The Real Estate Portfolio leaders will work closely with our Operations market leaders and cross functionally with Walgreen Co enterprise leadership.

Job Responsibilities:
  • Manages real estate assets of over 500 stores, which account for over $250 million in rent expense.
  • Develops and executes individual strategies for each asset in portfolio with focus on creating and generating the maximum value for the Walgreen Company.
  • Conducts market and sub-market analysis on rents, demographics, supply & demand, sales comparables, lease comparables to create informed data driven strategies, programs and methods to maximize the financial and operational return on assigned real estate portfolios.
  • Maintains and manages data within the asset management database with emphasis on reviewing and managing performance metrics to guide future strategies.
  • Collaborates with internal and external resources to negotiate rent reductions for existing stores.
  • Prepares monthly asset management reports to align with division strategy and objectives to track progress and further drive value creation activities.
  • Contributes and executes Annual Capital Plan for each asset to increase portfolio value.
  • Manages portfolio of existing assets to ensure optimal leasing strategy.
  • Maintains active involvement in the real estate, legal, and financial fields that relate to Walgreens' business, including industry networking and continuing education groups (i.e. ICSC, CCIM, etc.)
  • Directs internal and external resources to property execute disposition process.


External Basic Qualifications

  • Bachelor's degree and at least 2 years of experience in healthcare industry OR High School Diploma / GED and at least 7 years of experience in the real estate industry.
  • Experience applying financial principals and concepts for underwriting real estate investments (RR, NPV, Cap Rate, ROIC, Cost of Capital, EVA, etc.)
  • Experience presenting and reporting on project plans and cost benefit analyses to appropriate stakeholders, executives and senior management.
  • Knowledge of store-level details, including lease terms, financial performance.
  • Experience in negotiating real estate contracts (including lease renegotiations, property disposition, vacant property subleases).
  • Experience in applying advanced quantitative and analytical skills.
  • Experience in identifying operational issues and recommending and implementing strategies to resolve problems.
  • At least 1 year of direct leadership, indirect leadership and/or cross-functional team leadership.
  • Willing to travel up to 25% of the time for business purposes (within state and out of state).


Preferred Qualifications

  • MBA in Real Estate, Finance, Economics, or Development.
  • Experience in managing external resources (landlords, brokers, contractors) to develop strategies that meet department goals within budget and established timelines.
  • CFA , CPA , JD
We will consider employment of qualified applicants with arrest and conviction records.
The Salary below is being provided to promote pay transparency and equal employment opportunities at Walgreens. The actual hourly salary within this range that you will be offered will depend on a variety of factors including geography, skills and abilities, education, experience and other relevant factors. This role will remain open until filled. To review benefits, please click here jobs.walgreens.com/benefits. If you are applying on a job board or unable to click on the link, please copy and paste this URL into your browser jobs.walgreens.com/benefits

About Walgreens

Walgreens is the nation's largest drugstore chain with fiscal 2010 sales of $67 billion. The company operates 7,689 drugstores in all 50 states, the District of Columbia and Puerto Rico. Each day, Walgreens provides nearly 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services, and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility, and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers, and the public sector. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health centers and in-store convenient care clinics, with more than 700 locations throughout the country.

Walgreens Careers

Joining Walgreens means becoming part of a team dedicated to inspiring health and well-being across America. As a cornerstone of the community, Walgreens offers unparalleled job opportunities in the retail and healthcare sectors, making it an ideal place for professional growth and innovation. Work You’ll Do At Walgreens, every position contributes to our mission of delivering premier health solutions while ensuring a diverse and inclusive workplace that fosters growth. Our team members are at the forefront of transforming customer experiences through dedication and expertise. Lead with Innovation and Leadership Embrace the opportunity to lead at Walgreens, where we combine industry expertise with a culture of innovation. Our leadership is committed to nurturing a professional environment where ideas thrive and leadership skills are honed through comprehensive diversity training and leadership development programs. Engage in Meaningful Work Join a team that values hard work and creativity, where your skills will be enhanced through challenging projects and collaborative team efforts. Walgreens is not just about filling prescriptions—it's about offering solutions that promote healthier communities. Explore Career Opportunities Whether you're looking for an entry-level position or a more advanced professional role, Walgreens offers a range of career paths in dynamic business areas. From in-store roles to corporate support, our job opportunities are designed to fit a variety of skills and interests. Internship and Employment Benefits Start your career with a Walgreens internship and gain hands-on experience that paves the way for future employment. Our interns work on real projects that matter, gaining skills that are crucial for future success. Full-time team members enjoy a wealth of benefits, including comprehensive health coverage, retirement plans, and exclusive employee discounts. Invest in Your Career Growth Walgreens is committed to the career development of our employees. We provide resources and training that encourage continuous learning and career advancement. With support for certifications and networking opportunities, team members can expand their professional horizons and achieve their career goals. Stay Connected Join Our Team Discover the diverse range of hiring opportunities at Walgreens by exploring open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players ready to make a significant impact. Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work at Walgreens. Job Alert Emails Customize your subscription to receive job alerts, the latest news, and insider tips tailored to your preferences. Explore the exciting and rewarding opportunities that await at Walgreens. At Walgreens, we are excited to see where your ambition takes you. Join us and be part of a team that is dedicated to shaping the future of health and wellness for everyone.
Learn more about Walgreens
Size
202,000 employees
Market Cap
$32.8 billion
Industry
Net Income
-$696 million
Founded
1901
5 Year Trend
+2.3%
Revenue
$141.5 billion
NASDAQ

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