Sr Real Estate Portfolio Manager

Minneapolis, Minnesota
Oct 18, 2021
Oct 26, 2021
Employment Status
Full Time

Job Description

About Us

Target is an iconic brand, a Fortune 50 company and one of America's leading retailers.

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 assets, 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 use your skills, experience and talents to be a part of groundbreaking thinking and visionary goals.

As a Senior Real Estate Portfolio Manager, you'll provide leadership and direction for 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. Although 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

Americans with Disabilities Act (ADA)

Target will provide reasonable accommodations (such as a qualified sign language interpreter or other personal assistance) with the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, please visit your nearest Target store or Distribution Center or reach out to Guest Services at 1-800-440-0680 for additional information.


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