Regional Real Estate Manager (DC/VA/MD)

Panda Restaurant Group; Virginia; Remote; USD 129,000 - 180,000; Full time

Benefits offered by this job

401K

Bonus

Medical insurance

Dental insurance

Vision insurance

On-site fitness center

Employee discounts

PTO 15 days

Education assistance

Disability & Life insurance

Bereavement leave

Job summary

Panda Restaurant Group seeks a Regional Real Estate Manager to locate Panda store sites, prepare market studies, and finalize terms for approved sites. The REM will present to RESAC and work with Legal, Operations, and Construction to ensure timely openings.

The role requires strong relationships in the real estate community, negotiation skills, and experience with store openings in a retail/hospitality setting. Travel is substantial, including weekends.

Qualifications

• Bachelor’s degree in Real Estate or Business or related field.
• 5+ years of real estate-related experience with increasing management and project management responsibility.
• Successful completion of initial and periodically required trainings.
• Obtaining a valid Food Handler's Card within 30 days of employment is a requirement of this position.

Responsibilities

• Locates Panda store sites within assigned geographic area by building relationships with the real estate community.
• Prepares and implements market studies on site feasibility.
• Negotiates site acquisition and presents sites to RESAC for approval; prepares and delivers RESAC packages.
• Finalizes contract terms with Legal, Operations, and RD for approved sites.
• Develops and maintains relationships with Operations, Legal, RD, and Licensing related to site acquisition and development.
• Attends Operations team meetings and communicates frequently and effectively.

Education

Bachelor’s degree in Real Estate or Business or related field

Job description

Summary Of Job Description

The Regional Real Estate Manager (REM) is responsible for locating potential Panda store sites within the assigned geographic area for lease or purchase. This position prepares and implements market studies to determine the feasibility of potential sites. The REM presents potential sites and terms to the Real Estate Site Acquisition Committee (RESAC) and finalizes contract terms for approved sites.

Summary Of Job Description

The Regional Real Estate Manager (REM) is responsible for locating potential Panda store sites within the assigned geographic area for lease or purchase. This position prepares and implements market studies to determine the feasibility of potential sites. The REM presents potential sites and terms to the Real Estate Site Acquisition Committee (RESAC) and finalizes contract terms for approved sites.

Job Responsibilities

• Locates potential Panda store sites within assigned geographic area by building relationships with the real estate community. Prepares and implements market studies on the feasibility of sites according to established guidelines, procedures, and policies.
• Negotiates site acquisition and presents potential sites to RESAC for approval. Prepares RESAC packages and ensures that they are delivered to upper management on a timely basis. Meets or exceeds approved plan.
• Responsible for store openings achieving or exceeding RESAC approved sales. Collaborates with Development Manager and Construction Manager to leverage relationships and resources to keep store opening timeline on schedule.
• Finalizes contract terms in collaboration with Legal, Operations, and RD for approved sites.
• Develops and maintains strong relationships with Operations, Legal, RD, and Licensing related to site acquisition and development. Attends Operations team meetings and communicates frequently and effectively.
• Proactively conducts site tours with brokers and Operations team. Consistently updates all required tracking documents and department resources (RD Data Management Platform, Tour Tracker, Monthly updates to Operations partners, etc.).

Must Reside Around One Of The Following Areas

• DC
• VA
• MD

Work Environment

• Approximately 75% travel, including 30% overnight travel. Applicants must be able to meet this requirement with or without reasonable accommodations.

How We Reward You

• 401K with company match
• Yearly bonus opportunity*
• Full medical, dental, and vision insurance *
• On-site fitness center, biometric screen, and flu shot clinic
• Discounts at Panda restaurants, theme parks, and gym memberships
• Paid time off starting at 15 days with 7 federal holidays*
• Continuous education assistance and scholarships*
• Income protection including Disability, Life and AD&D insurance*
• Bereavement leave*
• Benefits available for eligible permanent full time associates

Your Background & Experience

• Bachelor’s degree in Real Estate or Business or related field required
• 5+ years of real estate-related experience with increasing management/project management responsibility, preferably in the retail/hospitality environment, with strong track record of store openings and approvals
• Successful completion of initial and periodically required trainings.
• Obtaining a valid Food Handler's Card within 30 days of employment is a requirement of this position.

Pay Range: M2: $128,500 - $180,000 / Annual

• Within the range, individual pay is determined using various factors, including work location and experience.

Remote in Washington DC, Virginia, Maryland

Panda Strong Since 1983

Founded in Glendale, California, we are now the largest family-owned American Chinese Restaurant concept in America. With close to 2,800 locations globally, we continue our mission of delivering exceptional Asian dining experiences by building an organization where people are inspired to better their lives. Whether it’s impacting our team or the communities we work in, we’re proud to be an organization that embraces family values.

You’re Wanted Here

Panda Restaurant Group, Inc. is an Equal Opportunity Employer and is committed to providing equal opportunity, and does not discriminate on the basis of any characteristic protected by law, including but not limited to sex/gender (including pregnancy, childbirth, lactation and related conditions), gender expression, race, color, religion, national origin, sexual orientation, gender identity, disability, age, ancestry, medical condition, genetic information, marital status, and veteran status. Additionally, Panda Restaurant Group, Inc. complies with all federal, state, and local laws regarding requests for workplace accommodation. The Americans with Disabilities Act (ADA) prohibits discrimination against qualified individuals on the basis of disability. Applicants are entitled to reasonable accommodations, absent undue hardship, to effectively participate in the application and hiring process, for example, sign language interpreters. If you believe you require an accommodation for the application or interview process or for the position for which you are applying, please reach out to [e-mail].