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