Position Summary...
Walmart is seeking a strategic and experienced Senior Manager, Portfolio Management to lead real estate operations for approximately 400 operating stores. This role is pivotal in maintaining our store portfolio by managing landlord relationships, resolving lease-related issues, and collaborating cross-functionally to support store operations and capital projects. The ideal candidate will be a strong communicator and relationship builder, capable of navigating complex legal and operational landscapes with professionalism and sound judgment.
About the team:
The Portfolio Management team oversees property management for Walmart stores nationwide, supporting store operators to help our customers. This team collaborates across functions to provide reviews of legal agreements, negotiate with third parties, and optimize Walmart's real estate. With expertise in legal research, negotiation, project management, and communication, the team plays a key role in enabling Walmart's mission to deliver value to customers while maintaining a first class shopping center.
What you'll do...
Lead all real estate matters for ~400 stores, ensuring alignment with Walmart's operational and strategic goals.
Serve as the primary point of contact for store operations leadership, landlords, jurisdictions, third parties, cities/jurisdictions, and neighboring businesses.
Represent Walmart in external communications, negotiations, and presentations with professionalism and strategic insight.
Build and maintain trusted relationships with landlords and external partners to proactively manage issues and prevent defaults.
Interpret and analyze legal documents, clearly communicating obligations and rights to internal stakeholders and provide recommendations on requirements for remodel and expansion capital investment projects, as well as recommending any use waivers for third-party requests.
Collaborate daily with internal teams including project management & design, facilities services, legal, compliance, construction and execution, and operations.
Present real estate issues and recommendations at Real Estate Leadership Meetings (RLM) as needed.
Partner with Legal and other departments to ensure compliance and support for store-level needs.
What you'll bring:
Experience in commercial real estate management.
Strong negotiation, analytical, and project management skills.
Strong critical thinking and problem-solving skills.
Demonstrated ability to lead upward and influence senior stakeholders and cross-functional partners.
Excellent communication and relationship management skills, with the ability to represent Walmart externally.
Experience in interpreting and analyzing legal documents such as leases and contracts.
Ability to manage a high-volume, fast-paced portfolio with competing priorities.
Professional presence and interpersonal agility to navigate complex stakeholder environments.
Juris Doctor/Law degree (preferred).
At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more. You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable. For information about PTO, see https://one.walmart.com/notices . Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities. Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart.
Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms.
For information about benefits and eligibility, see One.Walmart (https://one.walmart.com/) .
The annual salary range for this position is $80,000.00 - $155,000.00 Additional compensation includes annual or quarterly performance bonuses. Additional compensation for certain positions may also include :
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Minimum Qualifications...
Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Minimum Qualifications
Bachelor's degree in Real Estate or related field and 3 years' experience in real estate, retail development, tenant representation, or related area
OR 5 years' experience in real estate, retail development, tenant representation, or related area.
2 years' experience in property management.
Preferred Qualifications...
Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Project and portfolio management, Supervisory
J.D., Masters: Business Administration
Primary Location...
814 Respect Dr, Bentonville, AR 72716, United States of America
Walmart and its subsidiaries are committed to maintaining a drug-free workplace and has a no tolerance policy regarding the use of illegal drugs and alcohol on the job. This policy applies to all employees and aims to create a safe and productive work environment.
Walmart, Inc. is an Equal Opportunity Employer- By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.
