New York, NY, 10176, USA
16 hours ago
Director, Real Estate Portfolio Management - East
**About Gap Inc.** Our brands bridge the gaps we see in the world. Old Navy democratizes style to ensure everyone has access to quality fashion at every price point. Athleta unleashes the potential of every woman, regardless of body size, age or ethnicity. Banana Republic believes in sustainable luxury for all. And Gap inspires the world to bring individuality to modern, responsibly made essentials.     This simple idea—that we all deserve to belong, and on our own terms—is core to who we are as a company and how we make decisions. Our team is made up of thousands of people across the globe who take risks, think big, and do good for our customers, communities, and the planet. Ready to  learn fast, create with audacity and lead boldly? Join our team. **About the Role** The Director of Real Estate is a key member of the Portfolio Management team responsible for all existing real estate asset management, procurement of new store growth among major landlord portfolios, and support of the development of a long term profitable real estate strategy in defined portfolio. The position is responsible for managing the entire real estate pipeline for all Gap Inc. brands from strategy to execution, mitigating rent & occupancy exposure across the enterprise for all existing and new stores within their portfolio. Responsible for actively driving strategic initiatives that engages business partners across the organization to evolve and deliver Gap Inc.’s real estate strategy. This incudes but is not limited to: • Partnering with brand leaders to guide real estate strategy, optimization and risk management. • Owning landlord negotiations and communication that ensure optimal deals for all Gap Inc. locations • Providing strategic insight into how and when locations are negotiated based on Gap Inc.’s portfolio with each landlord. **What You'll Do** + Oversee and manage the entire real estate pipeline process for all lease transactions for a specific territory within a region. + Responsible for driving deals from strategy initiation to store opening for all Gap Inc. brands. Manages real estate assets and executes Gap Inc.’s real estate strategy. + Partners and collaborates closely with all deal team members in Finance, Legal, Store Design, Construction and Store Operations + Oversee and manage the entire real estate pipeline process for all lease transactions for a specific territory within a region. + Responsible for driving deals from strategy initiation Implement the real estate strategy for each brand within the enterprise that maximizes sales, profitability, customer acquisition and convenience. + Develop enterprise and/or landlord negotiating strategies. + Management of a developer account in partnership with cross functional internal business partners including development of a portfolio strategy. Responsible for negotiating portfolio package of deals with leadership guidance to a favorable outcome. + Partner and, in some cases, lead the negotiations with Landlords to support Occupancy Audit recoveries and claims, which includes co-tenancy and leasehold audits. + Effectively engages, communicates and works with business partners to seek agreement with multiple stakeholders in order to influence and drive shared positive results across the organization. + Challenges the status quo, creates new and better means to achieve enterprise and business success + Remains nimble and agile; shifts self and resources as needed. Creates and advances ways of achieving results in new or difficult situations + Foster, develop, and maintain key real estate and retail industry relationships including landlords, brokers and retailers **Who You Are** + Minimum of 10+ years’ experience in Retail Real Estate on a national basis + Extensive market and real estate knowledge with proven track record of negotiating deals in assigned territory + Extensive knowledge and experience of Real Estate site acquisition and pipeline process + Extensive knowledge of lease administration process + Thorough knowledge and experience with negotiation strategies and techniques + Proven track record of supporting a sustainable and profitable real estate strategy + Strong industry reputation within the real estate industry with a track record of building relationships with Retail Brokers, Major Developers and Landlords. + Extensive knowledge of specialty store and “Big Box” retailing in shopping mall, power center, neighborhood and street retailing environments. + Demonstrated ability to deliver high quality results. + Strong knowledge and understanding of legal and regulatory issues related to Retail Real Estate deals. + Successful track record of collaboration with different Business Functions to achieve goals + Experience of working successfully in a matrix organization. + Bachelor’s degree related field / business administration required. + Sound understanding of P&L and the drivers of Financial Returns **Benefits at Gap Inc.** + Merchandise discount for our brands: 50% off regular-priced merchandise at Old Navy, Gap, Banana Republic and Athleta, and 30% off at Outlet for all employees. + One of the most competitive Paid Time Off plans in the industry.* + Employees can take up to five “on the clock” hours each month to volunteer at a charity of their choice.* + Extensive 401(k) plan with company matching for contributions up to four percent of an employee’s base pay.* + Employee stock purchase plan.* + Medical, dental, vision and life insurance.* + See more (https://corporate.gapinc.com/en-us/careers/gap-inc-careers/gap-inc-benefits) of the benefits we offer. _*For eligible employees_ Gap Inc. is an equal-opportunity employer and is committed to providing a workplace free from harassment and discrimination. We are committed to recruiting, hiring, training and promoting qualified people of all backgrounds, and make all employment decisions without regard to any protected status. We have received numerous awards for our long-held commitment to equality and will continue to foster a diverse and inclusive environment of belonging. In 2022, we were recognized by Forbes as one of the World's Best Employers and one of the Best Employers for Diversity. Salary Range: $175,100 - $232,000 USD Employee pay will vary based on factors such as qualifications, experience, skill level, competencies and work location. We will meet minimum wage or minimum of the pay range (whichever is higher) based on city, county and state requirements. **US Candidates** Please note that effective, June 30, 2022, Gap Inc. will no longer require any of its employees to wear face masks or require proof of COVID vaccination, unless required by local or state/provincial mandates or as part of Gap Inc’s quarantine guidelines after being exposed to or testing positive for COVID. Therefore, please disregard any language in any job posting that refers to Gap Inc.’s face mask and proof of vaccination policy as said policy is no longer effective.
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