Job Description

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The Director, Real Estate – Asset Management is responsible for the strategic and day to day management of the company’s portfolio of shopping centers, closed stores, and other income producing real estate assets. This role owns asset level strategy across the full lifecycle—hold, lease, reposition, redevelop, or dispose—with the objective of maximizing long term value, cash flow, and flexibility while reducing risk and carrying costs.

What you'll do...

Asset Strategy & Portfolio Management

• Leads asset‑level strategy for shopping centers and other income‑producing properties, determining optimal hold, lease‑up, repositioning, redevelopment, or disposition pathways.
• Develops and executes multi‑year business plans for assigned assets, balancing near‑term income with long‑term value creation.
• Evaluates market conditions, asset performance, and capital requirements to drive strategic recommendations.

Active Asset Management

• Oversees leasing strategy, tenant mix, rent structures, renewals, amendments, and lease enforcement in partnership with brokers and internal teams.
• Drives operating performance through revenue growth initiatives, expense optimization, and targeted capital investment.
• Monitors asset‑level financial performance relative to budgets and business plans, identifying risks and opportunities.

Dispositions & Capital Recycling

• Executes asset sales and lease transactions as part of the overall asset management strategy, including shopping center sales, outparcel dispositions, and monetization of underperforming or non‑strategic assets.
• Oversees marketing, negotiation, deal structuring, and execution of disposition transactions to maximize value and manage risk.
• Prepares and presents asset sale and monetization recommendations to leadership and internal approval committees.
• Ensures smooth execution from approval through closing, coordinating legal, tax, finance, and external advisors.

Financial & Performance Management

• Oversees financial modeling, valuation analysis, and scenario planning to support asset strategy decisions.
• Maintains accurate forecasts related to asset performance, cash flow, capital needs, and expected gains.
• Provides clear, data‑driven reporting to senior leadership on portfolio performance and strategic outcomes.

Leadership & Partnership

• Leads and develops a team of real estate professionals focused on asset performance, leasing, and monetization.
• Partners cross‑functionally with Legal, Finance, Tax, Operations, and Construction to advance asset strategies.
• Manages and directs external brokers, property managers, and consultants to ensure alignment with business objectives.

What You'll Bring

• Deep experience managing income‑producing real estate assets across leasing, financial performance, and transactions.
• Strong financial and analytical skills, including valuation and deal structuring.
• Proven ability to use dispositions as a strategic lever within a broader asset management framework.
• Effective leader with strong executive communication and presentation skills.

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

The annual salary range for this position is $110,000.00 - $220,000.00
Additional compensation includes annual or quarterly performance bonuses.
Additional compensation for certain positions may also include :

- Stock

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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 5 years’ experience in real estate, retail development, tenant representation, or related area OR 7 years’ experience in real estate, retail development, tenant representation, or related area. 1 year’s supervisory experience.

Preferred Qualifications...

Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.

Project ManagementDoctorate: Law, Masters: Business Administration

Primary Location...

814 Respect Dr, Bentonville, AR 72716, United States of AmericaWalmart 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.