Job Description
About the position
Performs functional and geographic corporate real estate responsibilities serving regulated and non-regulated companies. Perform acquisition, portfolio management (including program management) and disposition of real estate assets. Protect/manage Entergy real estate assets by maximizing value and minimizing risk through an enterprise/fiduciary focus on processes, policies and guidelines.
- Responsibilities
- Manage Programs that support portfolio management such as joint use (fiber optic access, communication attachments), minerals (oil & gas) properties and timber management (sustainable forestry including carbon sequestration) and land management (agriculture, mooring, batture).
- Divest of underutilized real estate assets, maximize revenue generation and minimize risk including but not limited to: Sales, Leases and Subleases as owner/landlord of underutilized space, Agriculture leases, Batture and Mooring Leases, Oil & Gas Leases and Royalties, Billboard leases, Timber Sales, Joint Use
- Negotiate complex transactions including purchases, sales, leases, subleases, options, easements, mineral rights and donations.
- Perform financial analysis for transactions and financial modeling for scenario planning.
- Develop and maintain strategic partnerships with business units in the jurisdictions.
- Develop sophisticated marketing strategies to execute acquisition and disposition of real estate assets ranging from routine to complex.
- Possess broad subject matter expertise in areas such as environmental, risk management, real estate law, governmental regulations, financial analysis and corporate policies
- Implement real estate activities related to corporate strategies and special initiatives: e.g., Transco, EGSI Business Separation Plan, Enexus, ITC.
- Coordinate transaction services and issues with Legal, Environmental, Risk Management, Facilities, Accounting, Property Accounting, Tax and Finance, etc.
- Perform locational analysis, site searches and market analysis.
- Perform due diligence: Environmental, Valuation, Title commitment, Survey Zoning requirements, Flood zone, Utilities, Communications (e.g., fiber) Regulatory issues, Governmental ordinances, Deed restrictions/covenants, Encumbrances.
- Direct activities of real estate brokers, appraisers, surveyors and consultants.
- Perform highest and best use analysis of real estate assets and develop strategies for implementation
- Perform research and feasibility studies in support of corporate initiatives.
- Business Continuity - Evacuation Team Member - Perform necessary activities to prepare for and respond to storm damage related to existing facilities or acquisition of new facilities.
- Requirements
- Bachelor's degree in related field or the equivalent work experience.
- 7+ years of recent relevant experience in commercial real estate.
- Nice-to-haves
- Corporate Real Estate experience.
- Real Estate Portfolio Management: Acquisition, management, and disposition of real estate assets
- Maximizing value and minimizing risk of real estate portfolio
- Expertise in various real estate transactions (sales, leases, subleases, easements, etc.)
- Financial analysis and modeling for real estate transactions
- Program Management: Manage programs related to joint use, minerals, timber management, and land management
- Coordinate with various stakeholders (legal, environmental, facilities, finance, etc.)
- Negotiation and Relationship Building: Negotiate complex real estate transactions
- Develop and maintain strategic partnerships with business units
- Possess strong communication and interpersonal skills
- Market Analysis and Due Diligence: Perform locational analysis, site searches, and market analysis
- Conduct due diligence on various aspects of real estate (environmental, valuation, title, zoning, etc.)
- Ability to direct the work of real estate brokers, appraisers, surveyors, and consultants
- Corporate Real Estate Expertise: Broad subject matter expertise in areas such as environmental, risk management, real estate law, governmental regulations, financial analysis, and corporate policies
- Experience in supporting corporate strategies and special initiatives
- Business Continuity and Emergency Response: Ability to perform necessary activities to prepare for and respond to storm damage or other emergencies related to existing or new facilities
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