Elizabeth Stack
Bartlett,IL
Summary
Experienced Lease Portfolio Manager with a proven track record in optimizing real estate assets, managing comprehensive lease portfolios, and driving operational efficiency. Adept at maintaining data integrity, ensuring compliance with lease terms, and building strong relationships with landlords. Skilled in lease data management, financial analysis, and cross-functional collaboration to support business objectives.
Overview
20
20
years of professional experience
Work History
Real Estate Development & Portfolio Manager
Portillo’s Hot Dogs, LLC
2024.02 - Current
- Maintained accurate lease and sublease information, ensured compliance with lease terms, negotiated lease terms and renewals, addressed disputed charges and repair requests, ensured compliance with insurance requirements, addressed security concerns in lease evaluations.
- Landlord and Tenant Relations: Served as the primary contact for landlords and property managers, negotiating lease terms, renewals, and addressing disputed charges, repair requests, and TIA reimbursements. Resolved 95% of landlord-tenant issues within 24 hours and ensured 100% vendor compliance with service agreements.
- Compliance Support: Ensured compliance with lease terms and participated in SOX controls, collaborating with accounting and legal teams to provide key data for audits. Tracked and managed Tenant Improvement Allowance (TIA) for 15 developments, ensuring the recovery of $7M through collection of contractor lien waivers, pay apps, and invoices.
- Finance Support: Assisted finance teams with forecasting by analyzing lease terms, identifying cost-saving opportunities, and reducing 2024 operating expenses by $211,000 within 6 months through a reexamination of Landlord vs. Tenant responsibilities.
- Risk Management Coordination: Worked closely with the Risk Management team to ensure compliance with insurance requirements across all lease agreements. Developed and implemented SOPs for new store turnover from Construction to Facilities, ensuring warranty compliance, utility account setup, and irrigation testing.
- Loss Prevention Coordination: Addressed security concerns in lease evaluations, collaborating with Loss Prevention to ensure costs were considered in new and renewed lease agreements.
Lease Administrator
Leasecake
2022.04 - 2024.02
- Lease Data Management: Prepared detailed lease abstracts, managed the lease database, acted as the main point of contact for landlords, supported compliance and finance, managed CAM/RE Tax reconciliation process.
- Landlord Relations: Acted as the main point of contact for landlords, successfully negotiating lease renewals and resolving issues related to lease terms, maintenance, and CPI rent increases.
- Compliance & Finance Support: Supported compliance by ensuring all lease documents adhered to internal and external regulatory requirements, and assisted finance teams with lease forecasting and budget planning. Managed the CAM/RE Tax reconciliation process for clients, achieving 95% accuracy in audits and compliance with lease provisions.
Real Estate Development Manager
Smoothie King Franchises, LLC
2016.02 - 2019.05
- Managed the full development cycle for new stores, conducted strategic market planning, performed site and trade area assessments, reviewed Franchisee Leases, managed lease negotiations and renewals.
- Conducted strategic market planning across 9 states, identifying top-priority trade areas that contributed to a 20% increase in new store openings. Performed detailed site and trade area assessments using GIS/analytical tools to ensure optimal site selection,
- Reviewed 100+ Franchisee Leases prior to execution, ensuring compliance with the Franchise Disclosure Document (FDD) and critical brand alignment clauses. Managed lease negotiations, renewals, and the flow of key documentation for smooth transactions.
Real Estate Development Manager
McDonald's Corporation | Chicago Region
2009.10 - 2015.04
- Secured executive-level support for restaurant development, procured and closed purchase and lease transactions, reviewed and analyzed title documents, managed entitlement processes, recommended optimal building sizes and site layouts.
- Secured executive-level support for the development of 20 net new freestanding restaurants and re-development of 18 existing restaurant assets, delivering 13 net new operating restaurants, including the 60th Anniversary McDonald's in Grafton, WI.
- Procured, negotiated, and closed purchase and lease transactions for 40+ McDonald's restaurant locations in IL and WI, ensuring on-time openings and staying within budget. Coordinated with project managers and general contractors in the construction process to ensure new stores opened on time and under budget.
- Reviewed and analyzed title documents during due diligence, identifying and resolving easements, restrictions, encumbrances, and utility locations, reducing potential project delays by 20%.
- Managed a team of consultants, including zoning attorneys and engineers, to successfully complete entitlement processes and obtain municipal incentives for multiple developments. Recommended and implemented optimal building sizes and site layouts for 40+ restaurants, leading to a 10% increase in operational efficiency and profitability.
Real Estate Manager, AVP
Fifth Third Bank
2006.11 - 2009.09
- Led the opening of retail banking centers, reviewed existing banking center leases, implemented market leasing activities, managed tenant improvements and build-outs.
- Reviewed existing banking center leases to provide an asset optimization plan for option renewals, rent restructuring, relocations, and lease terminations.
- Implemented market leasing activities for excess office space within retail bank offices throughout IL and IN, managing a tenant portfolio that increased regional revenue by 5%. Managed tenant improvements and build-outs, ensuring alignment with corporate standards and timelines.
Sr. Real Estate Representative
Albertsons / Jewel-Osco Division
2004.07 - 2006.09
- Managed grocery/drugstore facility remodel capital plan, coordinated work scopes, negotiated lease amendments, organized meetings, maintained and reported project status.
- Coordinated and prioritized work scopes across various corporate departments, quantified the financial magnitude of remodel scope, and presented findings to Division management. Negotiated lease amendments and secured landlord capital contributions for 20+ remodels, contributing to a 10% reduction in renovation costs.
- Organized meetings with internal teams to discuss each remodel project timeline and milestone dates to achieve corporate plan. Maintained and reported project status to the Executive Team weekly, achieving 95% on-schedule delivery.
Education
MBA - Finance and Accounting
Keller Graduate School of Management
Oakbrook Terrace, IL04.2003
B.S. - Sociology
Elmhurst University
Elmhurst, IL05.1999
Skills
- Lease Portfolio Management
- Lease Data Management (FinQuery, Costar System, Leasecake)
- Landlord /Tenant and Franchisor / Franchisee Relations
- Compliance Support (SOX Controls)
- Financial Analysis & Forecasting
- Loss Prevention Coordination
- Lease Negotiation
- Property Management (Accruent)
- Vendor Management and Contract Negotiation (CLS)
- ASC 842 Lease Accounting Compliance
- CAM and Tax Reconciliation
- Project Management (JIRA / Asana)
- Database Management
- Revenue Tracking
Timeline
Real Estate Development & Portfolio Manager
Portillo’s Hot Dogs, LLC
2024.02 - Current
Lease Administrator
Leasecake
2022.04 - 2024.02
Real Estate Development Manager
Smoothie King Franchises, LLC
2016.02 - 2019.05
Real Estate Development Manager
McDonald's Corporation | Chicago Region
2009.10 - 2015.04
Real Estate Manager, AVP
Fifth Third Bank
2006.11 - 2009.09
Sr. Real Estate Representative
Albertsons / Jewel-Osco Division
2004.07 - 2006.09
MBA - Finance and Accounting
Keller Graduate School of Management
B.S. - Sociology
Elmhurst University
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