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 increase efficiencies. Preserves and increases earnings to achieve the highest portfolio value while mitigating risk through successful negotiation of new store locations, store relocations and existing store 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.About Walgreens

Founded in 1901, Walgreens (www.walgreens.com) has a storied heritage of caring for communities for generations, and proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico, and leading omni-channel platforms. Walgreens has approximately 220,000 team members, including nearly 90,000 healthcare service providers, and is committed to being the first choice for retail pharmacy and health services, building trusted relationships that create healthier futures for customers, patients, team members and communities.
Walgreens is the flagship U.S. brand of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader. Its retail locations are a critical point of access and convenience in thousands of communities, with Walgreens pharmacists playing a greater role as part of the healthcare system and patients’ care teams than ever before. Walgreens Specialty Pharmacy provides critical care and pharmacy services to millions of patients with rare disease states and complex, chronic conditions.
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