Sr Real Estate Portfolio Manager

Job Id: R0000389908

The pay range is $92,000.00 - $166,000.00

Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

About Us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

Target’s distinctive brand love is infused throughout its many physical locations by the Properties teams. We have a direct and positive impact on the real estate, design, construction and maintenance of our stores, distribution centers and headquarters. Are you ready to help strategically grow Target’s brand through leading-edge design, development, construction, and preservation? Can you effectively balance the efficiencies of a large-design build company with the unique challenges and innovative solutions required by individual sites? Then take your place on one of our Properties teams and help us make the most of Target’s physical footprint both in the U.S. and overseas.

A role in Real Estate means the opportunity to develop and drive Target’s market-based growth strategies by identifying, acquiring and developing extraordinary guest-facing properties. You’ll use your negotiation skills to execute competitive and risk-balanced transactions. You’ll be a key player on the team that manages the lifecycle of our stores, site selection of new properties, the scope of remodels and existing property portfolio negotiations and property disposition.

As a Senior Real Estate Portfolio Manager, you’ll provide leadership and direction for existing store real estate strategies within assigned territory; develop expertise in all markets located within assigned geographic region, including store performance, competition activity, site knowledge and demographic changes; effectively communicate at all levels (including senior management) within Target to gain support and approval for decisions and projects; coordinate with developers and municipalities to obtain and document necessary consents and approvals; negotiate new operating agreements, amendments and other real estate legal documents with external parties such as developers, landlords and municipalities; manage Target’s response to government-driven property takings initiated through condemnations and eminent domain proceedings; interpret operating documents and other related legal agreements and provide guidance to internal customer groups affected by the terms; develop and maintain cooperative working relationships with developers, landlords, brokers and other real estate counterparts in the industry; and work to dispose of excess real estate within your assigned territory.

Core responsibilities are described within this job description, job duties may change at any time due to business needs.

About You:

• Bachelor’s degree required, plus strongly prefer Masters in Real Estate, MBA, JD, engineering, architecture, or equivalent combination of education and experience.
• 5+ years commercial real estate experience with an emphasis on complex as well as politically challenged projects
• Strong written and verbal communication skills and an ability to work effectively with people at all levels of the organization including external partners
• Intermediate proficiency with computer business applications
• Excellent analytical and organizational skills
• Professional knowledge and competency with basic real estate contract principals and terminology
• Experience reviewing and negotiating legal documents related to real estate rights and obligations

This position will operate as a Hybrid/Flex for Your Day work arrangement based on Target’s needs. A Hybrid/Flex for Your Day work arrangement means the team member’s core role will need to be performed both onsite at the Target HQ MN location the role is assigned to and virtually, depending upon what your role, team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location, unless otherwise prescribed by Target. Click here if you are curious to learn more about Minnesota.

Benefits Eligibility

Please paste this url into your preferred browser to learn about benefits eligibility for this role: https://tgt.biz/BenefitsForYou_E

Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to candidate.accommodations@HRHelp.Target.com.