Supervisor, Asset Management

The Opportunity

The Asset Management team is part of Restaurant Development responsible for the lease actions and property management the existing portfolio of 1,500 restaurants. The Supervision, Asset Management, for Western Canada is part of a National Team and the role will be located in Western Canada.  The role reports to the Senior Manager of Asset Management in Toronto.  Key customers and internal business partners include: Field (Operations) and Franchisees; Property Management; Legal; Finance; and Development. 

Duties

• Accountable to optimize in their Real Estate portfolio for all lease actions and negotiations, including lease renewals, tenant renewals, acquisitions and dispositions of McDonald’s-owned lands.
• Negotiate, manage and track all lease renewal activities in their territory, which include: preparation of data for lease extension analysis from regional finance; exercising options to renew on time; negotiating new rents and extended term; and working with Legal on agreements.  May also be responsible for work outside of their assigned territory.
• Property Management Issues: work with Regional Supervisor, Property Management, on maintenance issues; operating costs disputes; estoppel/status certificates; and leasing issues.
• Work directly with Restaurant Development Staff in the co-ordination of all renovation projects and site plan approvals for renovations and expansions. Lead all aspects of securing of early renewals, additional tenure; landlord and municipal approvals.
• Day to day accountability and support of Lease Systems and automated workflows (Tririga, Laserfiche and Smartsheet).
• Optimize excess property and tenant portfolio including required appraisals, lease renewals, disposition or leasing of vacant sites, property management and site maintenance issues all with a view to improve the value of and the returns for these assets.
• Provide accurate and prompt responses to Finance and Franchising partners for national reporting.
• Be the lead support in expropriation matters, including reviewing all public notices that impact the use and underlying value and rights associated with portfolio, and partner with Legal and Government Relations as required to address issues to the benefit of the location or system as the case may be.
• Ensure required lease reviews are conducted for any special projects.

Qualifications

• Minimum 6 to 10 years of Leasing and Asset Management experience
• Strong understanding of property valuation process & principles and their application in order to negotiate renewal terms and rents.
• Ability to understand financials and how they impact lease renewal decisions
• Applied real estate principles and development principles
• Legal drafting skills to be able to draft proposals and review legal documents
• Strong understanding and ability to apply real estate law and planning
• Strong working knowledge of MS word, excel, access, power point and other proprietary software and systems.

Salary Range

The expected salary range for this role is $90,000 - $110,000 per year.
 
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors.