Director, Real Estate Ventures

The Director of Real Estate Ventures is responsible for identifying, sourcing and executing non-core real estate ventures and development opportunities. The Director of Real Estate Ventures will manage all aspects of new and existing Real Estate Ventures development projects, including the conversion and redevelopment of select portfolio assets to alternative uses. The position will also support the development and execution of the company's overall real estate strategy to maximize values and cash flow of the existing portfolio. The Director of Real Estate Ventures will report to the Senior Vice President of Real Estate with P&L responsibility for the Ventures vertical.

For over 90 years Global Partners LP has been delivering the energy our communities need to grow, move, and thrive. From Alltown Fresh, with its innovative chef-led creations and guest-focused retail experience, to our vast network of over 50 liquid energy terminals across the eastern seaboard and beyond, Global Partner's integrated network of businesses delivers value day-in and day-out to our guests and customers across the US. At Global Partners we embrace the future, investing in the energy transition with initiatives like GlobalGLO and supporting the communities in which we operate with our charitable work.

We're excited for the next 90 years at Global Partners and what innovative new ideas we can bring to our guests and customers in the future. We're looking for passionate people with great ideas to contribute to our company's future. If you're motivated by what's next, Global Partners can provide you the opportunities to push your career to the next level.

The Types of "Energy" You Bring

• Excellent written and verbal communication skills.

• You are self-motivated and like to take initiative.

• You are a team player with a positive attitude.

• You have strong time management skills.

"Gauges" of Responsibility

• Responsible for Real Estate Ventures business unit P&L.

• Collaborate with Retail Real Estate and Operations, Business Development, Finance and Executive Leadership to formulate and execute an integrated real estate strategy that aligns with corporate objectives and maximizes the value of the company's property portfolio.

• Identify strategic opportunities for repurpose, redevelopment, and repositioning of underperforming or underutilized assets to enhance asset performance and drive superior cash flow and returns on investment.

• Lead and oversee new and existing redevelopment ventures involving use conversion (from retail/fuel to alternative income properties, where appropriate).

• Evaluate and advise on asset sales from a highest-and-best-use perspective, leveraging real estate investment perspective to identify opportunities for maximizing disposition proceeds, optimizing exit strategies, and aligning with broader financial and portfolio objectives.

• Provide strategic input and support for corporate transactions involving large real estate portfolios including M&A, dispositions, and joint ventures, ensuring real asset valuations are reflective of current market and long-term value potential.

• Refine design and implementation of the company's alternative real estate development strategy, aligning initiatives with the organization's overarching long-term growth objectives.

• Develop long- and short-term goals for the real estate ventures business unit.

• Evaluate new real estate development opportunities, including oversight of financial modeling and presentation of investment to appropriate decision-makers.

• Lead the execution of new and existing venture acquisitions, dispositions, recapitalizations, ground leases, leases, capital improvement projects, and other real estate transactions.

• Financial structuring of new real estate development projects, including sourcing debt and equity where applicable.

• Develop and manage the financial and operational aspects of non-core real estate projects, including comprehensive budgeting, schedule management, and performance tracking

• Lead negotiations with key stakeholders, including lenders, third-party investors, joint venture partners, and tenants, securing favorable terms that align with strategic goals and enhance project value.

• Negotiate contracts with third parties, including general contractors, brokers, architects, engineers, interior designers, appraisers, etc.

• Oversee and/or perform construction management and/or project management duties as needed for new non-core development projects.

"Fuel" forYou

• Coins!We offer competitive salaries and opportunities for growth. We mean it! We have an amazing Talent Development Team who create trainings for growth and job development.

• Health + Wellness- Medical, Dental, Visions and Life Insurance. Along with additional wellness support.

• The Road Ahead- We offer 401k and a match component!

• Professional Development- We provide tuition reimbursement; this benefit is offered after 6 months of service.

• Give Back! We believe in community support. We know everyone gives in their own way, that's why we offer paid volunteer time-off to you to help an organization of your choice.

The GPS of our Interview Process

• First thing first, if you're interested in the role, please apply.

• A talent acquisition team member will review your resume in partnership with the hiring manager. If your experience would lend to this opportunity a recruiter willcontact you.

• We conduct in-person and virtual interviews and provide additional interview information or other items needed at that time.

Qualifications

• Required 7 years' experience in Real Estate Private Equity or Real Estate Development, preferably with some background in Investment Banking or Real Estate Capital Markets.

• Actively engage with and expand a network of real estate professionals, including brokers, lenders, capital partners, tenants, and other industry leaders-to enhance the firm's presence in the market and pro-actively source new investment opportunities.

• Lead and manage a highly productive, motivated, and driven project team through strong communication, empowerment, reward, and coaching techniques.

• Maintain close working relationships with partner groups in functional areas, Retail, Finance, and Construction.

• Excellent facility with mental math.

• Excellent financial modeling knowledge and experience with complex transaction structures.

We value passion and potential. If you are enthusiastic about a position and think you can make a meaningful impact, we encourage you to apply even if you don't check every box. We embrace different perspectives, backgrounds and experiences.

Global Partners LP is an equal opportunity employer. We foster a company culture where ideas from all people help us grow, move and thrive. We embrace the diversity of all applicants and do not discriminate against race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability, protected veteran status or any other basis prohibited by federal, state or local law. If you have a disability and need an accommodation to apply, please contact our recruiting department at 781-891-4000.

*Disclaimer: At Global Partners, we don't use lie detector tests for any employment decisions. We follow all the rules and regulations, so we need to let you know: In Massachusetts, it's illegal to require or administer a lie detector test as a condition of employment of continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.