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Reference Number: PR 0003872

Manager – Real Estate Portfolio

1 Dave Thomas Blvd.
DUBLIN, OH 43017

What you'll do

Overview 

The Manager – Real Estate Portfolio requires highly skilled negotiating talent and an extensive understanding of QSR/Wendy’s unit economics from both franchisor and franchisee perspectives.  Directs all lease portfolio management activities within North America, including evaluating the purchase or sale of fee properties, review/exercising/waiving of ROFRs, 1031 transaction opportunities, Joint Capital planning with franchisees, office and surplus property deals and managing the portfolio of existing leases and subleases.  Directs the execution of the joint capital plans through the negotiation of revised lease/sublease terms between franchisor/franchisee and third-party landlords.  Responsibilities include corporate restaurant leases and consulting with franchisees on lease management issues. 

Specific Responsibilities Include:

  • Directs the improvement of our existing portfolio of restaurant and office properties through lease negotiations for additional tenure, shorter current term and reduced rents, and also manages property dispositions, condemnations and other miscellaneous property issues.  Responsibilities include detailed analysis of the Wendy’s leasehold position and setting strategic objectives for each lease negotiation (North America).
  • Review and assess franchisee requirements and intent related to current lease or sublease.   Communicate pros/cons of alternate negotiation strategies and probability of outcome with franchisee.
  • Engage with landlord and Wendy’s regarding desired amendments to leases/subleases.  Present well prepared and fact-based proposals with landlords.
  • Upon agreement with landlord and/or Wendy’s, prepare lease/sublease amendments overview profile for REAC review and approval.
  • Upon REAC approval, work with Wendy’s legal to capture the terms of the approved amendment.  Continue to engage with landlord/Wendy’s/franchisee until lease amendment is executed.
  • Be a resource for general lease negotiation assessments and issues with Wendy’s Portfolio and Legal teams.
  • Be a resource for all Wendy’s FZ’s in the US and Canada and educate them on leasing best practices.

Wendy’s is the world's second largest quick-service hamburger company and was built on the premise, "Quality is our Recipe®," which remains the guidepost of the Wendy's system. Today, Wendy's and its franchisees employ hundreds of thousands of people across more than 6,700 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand.

What we expect from you

Education / Experience

  • Bachelor’s Degree Business or Real Estate
  • In Depth knowledge of Real Estate Leases and land valuation
  • Excellent negotiation and verbal and written communication skills
  • 3-5 years’ experience renegotiating leases for single tenant buildings

Please note that the Wendy's Company does not accept unsolicited résumé’s from recruiters or employment agencies.  In the absence of a signed Master Service Agreement, and specific approval to submit résumé’s to an approved requisition, the Wendy's company will not consider or approve payment regarding recruiter fees or referral compensations.

Wendy's is an equal employment opportunity employer who may provide reasonable accommodation to enable individuals with disabilities to perform the essential functions of the job.

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About this location

1 Dave Thomas Blvd.
DUBLIN, OH 43017

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