Real Estate Manager

Purpose Brands, LLC; Woodbury (MN); Hybrid; USD 100,000 - 120,000; Full time

Benefits offered by this job

Medical, Dental and Vision Coverage

Hybrid Work Environment

Life and Disability Insurance

401(K) Savings Plan Matching at 4%

In-house workout facilities

Professional Development Opportunities

Team Building, Employee Engagement

Job summary

Purpose Brands, LLC is seeking a Real Estate Manager to drive real estate strategy across its brands. You will educate franchisees, lead site approvals for new stores and expansions, and manage relationships with brokers and landlords.

Travel to market sites and maintain a robust deal pipeline are expected. The role requires deep knowledge of lease documents, renewal processes, and administration, along with proficiency in Microsoft Office.

Qualifications

• 5+ years real estate site selection and lease negotiation.
• BA/BS or associate’s degree in real estate or related field or equivalent experience.
• Analytic and Rent Comp software (Kalibrate, Buxton, SiteWise, PlacerAI, CoStar or similar).
• Strong knowledge of commercial/retail real estate lease documents and leasing process.
• Knowledge of Lease renewal processes, legal requirements and procedures.
• Knowledge of basic Lease Administration processes and procedures.
• Microsoft Office products.

Responsibilities

• Executes PB real estate strategy and aligns with growth goals under Senior Director of Real Estate.
• Educates franchisees on the real estate process and manages expectations.
• Leads site approvals for new stores, relocations and expansions.
• Manages relationships with regional brokers, landlords and developers.
• Travels to key markets with local brokers to gain insights.
• Maintains a Real Estate pipeline across brands within the territory.

Skills

Real estate expertise

Lease negotiation

Analytical skills

Attention to detail

Microsoft Office

Education

BA/BS or associate’s degree in real estate or related field

Tools

Kalibrate

Buxton

SiteWise

PlacerAI

CoStar

Job description

Purpose Brands, the parent company of Orangetheory, Anytime Fitness, Waxing the City, and The Bar Method, is seeking a Real Estate Manager to join its team. This is a great position for someone who is looking to expand their career, and join a company with a fun, fast-paced and inspirational culture.

PURPOSE + IMPACT (Duties & Essential Functions)

• Executes PB real estate strategy and aligns with strategic company growth goals under the direction of the Senior Director of Real Estate
• Educates franchisees on the overall real estate process and helps maintain realistic expectations with regards to process, deal points, and responsibilities
• Leads efforts required to prepare for Site Approval for new stores, relocations and expansions
• Builds, maintains and manages relationships with regional brokers, landlords and developers for existing and new store pipeline
• Travel and tour key markets with local brokers to gain local insights and understanding of trade areas
• Map proposed growth of all Purpose Brands companies with help from local brokers and Purpose Brands resources.
• Maintains and manages a network of local broker(s) for Purpose Brands
• Negotiates, reviews and approves Letter of Intent (LOI) associated with new locations with Franchisee/Corporate approval
• Manages the flow and status of deals for new and existing locations
• Operates with urgency but without sacrificing quality of service to franchisees or deal terms
• Facilitates franchisee work with local attorneys where requested on new leases and tracks progress
• Prepares and maintains real estate reports as required
• Serves as a primary contact on real estate related matters internally and externally within assigned territory over all brands
• Works closely with Franchise Development team to educate and onboard new Franchisees
• Facilitates, builds and maintains a Real Estate pipeline for of Franchisees within managed territory
• Maintains deal progress from site identification through lease execution
• Operates function within established budget parameters

QUALIFICATIONS + EXPERIENCE

• 5+ years real estate site selection and lease negotiation
• BA/BS or associate’s degree in real estate or related field or equivalent experience
• Analytic and Rent Comp software (Ex: Kalibrate, Buxton, SiteWise, PlacerAI, CoStar or similar)
• Strong knowledge of commercial/retail real estate lease documents and leasing process
• Knowledge of Lease renewal processes, legal requirements and procedures
• Knowledge of basic Lease Administration processes and procedures
• Microsoft Office products

Preferred Qualifications

• Experience managing retail lease portfolios in multiple states and with multiple landlords. Has helpful relationships in place with Landlords and brokers around the US.
• Experience working with Franchisees

COMPETENCIES

• Strong negotiation skills
• Self-Motivated
• Results-Driven
• Honesty & Integrity
• Service-Oriented
• Exceptional Communicator
• Attention to detail and accuracy
• Strategic thinking

Travel Requirements

1-2x per month, including availability around regularly scheduled Discovery Days (1x per month).

Salary Range: $100k - $120k

What’s in it for you?

• Medical, Dental and Vision Coverage
• Hybrid Work Environment
• Life and Disability Insurance
• Unlimited Time off + Paid Holidays
• Flexible Friday's between Memorial Day and Labor Day
• 401(K) Savings Plan Matching at 4%
• 10 Coaching and Therapy sessions
• Mental Health Benefits
• Brand Discounts & Reimbursements
• In-house workout facilities
• Professional Development Opportunities
• Team Building, Employee Engagement Activities & so much more

WORK SCHEDULE

Purpose Brands LLC, Currently Observe The Following Hybrid Work Model For Employees At Our Boca Raton (FL), Woodbury (MN), And Seattle (WA) Offices

• Remote optional: Fridays
• On-site days: Mondays, Tuesdays, Wednesdays and Thursdays

DIVERSITY, EQUITY, AND INCLUSION STATEMENT

Purpose Brands is committed to encouraging, facilitating, and upholding an environment centered on diversity, equity, and inclusion across every facet of the Purpose Brands. We will work to create a sustainable culture that supports a healthy space for learning and growing, valuing, and empowering every employee, inspiring a diverse franchise network, and uplifting the members and communities we serve.

EEO STATEMENT

Purpose Brands provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Discrimination of any type will not be tolerated.