Real Estate Manager

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

Job summary

Purpose Brands is seeking a Real Estate Manager to guide property strategy for its multi-brand portfolio. You will oversee site selection, lease negotiations, and broker relationships across the United States, ensuring timely approvals and adherence to budget while supporting franchise development initiatives.

The role requires 5+ years in real estate, strong negotiation and analytical skills, and a proactive, results-driven mindset in a hybrid work environment.

Qualifications

• 5+ years in real estate site selection and lease negotiation.
• BA/BS or Associate degree in real estate or related field.
• Analytical skills with software for rent comp and site analytics.
• Knowledge of lease documents and renewal processes.
• Proficient in Microsoft Office.

Responsibilities

• Execute real estate strategy and align with growth goals.
• Educate franchisees on the real estate process and expectations.
• Lead site approvals for new stores, relocations, expansions.
• Build and manage relationships with brokers, landlords and developers.
• Travel to key markets with brokers to gain insights.
• Maintain a real estate pipeline across brands within territory.
• Prepare real estate reports and serve as primary contact on related matters.
• Collaborate with Franchise Development to onboard new franchisees.
• Monitor deal progress from site identification to lease execution.
• Operate within budget parameters.

Skills

Real estate negotiation

Local market knowledge

Analytical skills

Microsoft Office

Self-motivated

Strategic thinking

Education

BA/BS 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.The Real Estate Manager is responsible for directing, coordinating and integrating the management of the Company’s real estate and property management portfolio.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 EstateEducates franchisees on the overall real estate process and helps maintain realistic expectations with regards to process, deal points, and responsibilitiesLeads efforts required to prepare for Site Approval for new stores, relocations and expansionsBuilds, maintains and manages relationships with regional brokers, landlords and developers for existing and new store pipelineTravel and tour key markets with local brokers to gain local insights and understanding of trade areasMap 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 BrandsNegotiates, reviews and approves Letter of Intent (LOI) associated with new locations with Franchisee/Corporate approvalManages the flow and status of deals for new and existing locationsOperates with urgency but without sacrificing quality of service to franchisees or deal termsFacilitates franchisee work with local attorneys where requested on new leases and tracks progressPrepares and maintains real estate reports as requiredServes as a primary contact on real estate related matters internally and externally within assigned territory over all brandsWorks closely with Franchise Development team to educate and onboard new FranchiseesFacilitates, builds and maintains a Real Estate pipeline for of Franchisees within managed territoryMaintains deal progress from site identification through lease executionOperates function within established budget parametersQUALIFICATIONS + EXPERIENCE5+ years real estate site selection and lease negotiationBA/BS or associate’s degree in real estate or related field or equivalent experienceAnalytic and Rent Comp software (Ex: Kalibrate, Buxton, SiteWise, PlacerAI, CoStar or similar)Strong knowledge of commercial/retail real estate lease documents and leasing processKnowledge of Lease renewal processes, legal requirements and proceduresKnowledge of basic Lease Administration processes and procedures Microsoft Office productsPreferred QualificationsExperience 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 FranchiseesCOMPETENCIESStrong negotiation skillsSelf-MotivatedResults-DrivenHonesty & IntegrityService-OrientedExceptional CommunicatorAttention to detail and accuracyStrategic thinkingTRAVEL REQUIREMENTS1-2x per month, including availability around regularly scheduled Discovery Days (1x per month).Salary Range: $100k - $120kWhat’s in it for you?We offer a competitive salary along with exceptional benefits such as:Medical, Dental and Vision CoverageHybrid Work EnvironmentLife and Disability InsuranceUnlimited Time off + Paid HolidaysFlexible Friday's between Memorial Day and Labor Day401(K) Savings Plan Matching at 4%10 Coaching and Therapy sessionsMental Health BenefitsBrand Discounts & ReimbursementsIn-house workout facilitiesProfessional Development OpportunitiesTeam Building, Employee Engagement Activities & so much moreWORK SCHEDULEPurpose Brands LLC, currently observe the following hybrid work model for employees at our Boca Raton (FL), Woodbury (MN), and Seattle (WA) offices:Remote optional: FridaysOn-site days: Mondays, Tuesdays, Wednesdays and ThursdaysDIVERSITY, EQUITY, AND INCLUSION STATEMENTPurpose 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 STATEMENTPurpose 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.