Real Estate Manager

CorePower Yoga•Chicago, TX

114d

About The Position

Looking for a motivated, high-energy individual that has a passion for learning and contributing to a growing brand! The Real Estate Manager will build and maintain relationships with brokers and landlords and leverage those relationships to identify studios in existing and new cities that match Corepower Yoga’s criteria for growth. They will be responsible for contributing 10 new studios to the company Pipeline each year. They will lead studio growth for various Central US markets and report to the Director of Real Estate. This individual will exhibit the Company’s Core Values of Empower Everyone, Practice Gratitude, Build Community, Grow Forward & Laugh Together.

Requirements

Bachelor’s degree in relevant area of study- Real Estate, Finance, Accounting
2-3 years commercial real estate experience with a multi-unit, multi-state concept
Exceptional ability to gather, analyze and present demographic and financial data in executive level reports
Experience with real estate analytic tools
Ability to manage outside consultants & cross-functional teams
Ability to travel, including overnight travel, up to 40%

Responsibilities

Creates and develops both short & long term (2-5 yrs) growth plan for various Central US markets and deliver to plan.
Including 8-10 new studios each year in stated territory
Support other market planning efforts as required
Gather and evaluate financial, economic, demographic, and other market data to support real estate growth strategy.
Negotiate the terms of letters of intent with brokers and landlords consistent with return objectives and operating standards
Provide necessary reporting outlining pipeline, probability and timing of deals
Build and manage the pipeline of potential sites in markets identified for expansion to ensure CPY achieves growth objectives
Prepare Real Estate Committee packages, including financial proforma, operational support, demographic intel and market level information
Strong financial and analytical skills necessary to present financial business case for new studios.
Prior experience presenting sites in Real Estate Committee
Negotiate all provisions of leases with support of outside legal counsel
Utilize demographic software to support market growth
Tour potential sites to determine viability and alignment with strategy
Perform ad-hoc strategic and analysis in support of management
Support design and construction teams in communication with landlords and developers through the development life cycle
Strong ability to balance priorities against multiple deadlines and projects
Partner with cross-functional teams to ensure alignment on critical dates and opening objectives