Real Estate Manager

Lamar Advertising•Lexington, KY

48d•Hybrid

About The Position

The purpose of the Real Estate Manager in Lexington, KY is to oversee all real estate-related functions and activities necessary to profitably secure, maintain and grow the company’s real estate portfolio of leased and owned properties in a manner consistent with Lamar’s business practices. The primary duty of the Real Estate Manager is the purchase and procurement of real estate to grow and maintain Lamar’s real estate portfolio and enable Lamar to continue to grow and sell advertising.

Requirements

Ability to know and understand city and state codes/regulations (as applicable), related maps for all jurisdictions within the designated market area, and an understanding of the permitting and variance process for each jurisdiction.
Ability to work in a fast-paced environment, possessing the ability to juggle multiple competing tasks and demands while establishing priorities to meet deadlines.
Strong computer skills in Microsoft Office (Word, Excel, PowerPoint, Adobe, etc.), web applications, and the ability to quickly and easily learn job related computer programs.
Excellent command of the English language to correspond and communicate on a one-to-one basis using appropriate vocabulary and grammar to obtain information, explain policies and procedures, and negotiate with lessors.
Skill in speaking with persons of various social, cultural, economic, and educational backgrounds.
Attention to detail in composing, typing and proofing materials.
Knowledge of basic Accounting skills and practices to ensure accurate payment distributions.
Ability to operate within a set yearly budget.
Ability to establish and maintain cooperative working relationships, both internally and externally.
Ability to handle confidential information and situations.
High school diploma or equivalent.
Bachelor’s degree.
Current and valid driver’s license.
5 years of experience in business, real estate, or another related field.
In place of a bachelor’s degree, 7 years of experience in business, real estate, or another related field.
Or other equivalent combination of education and experience.
U.S. work authorization not requiring sponsorship.

Nice To Haves

Bachelor’s degree in business, real estate, or another related field.
3-5 years of experience in land acquisition, zoning, and land use planning.

Responsibilities

Oversee all real estate-related functions and activities necessary to profitably secure, maintain and grow the company’s real estate portfolio of leased and owned properties.
Purchase and procurement of real estate to grow and maintain Lamar’s real estate portfolio and enable Lamar to continue to grow and sell advertising.
Using discretion, independent judgment, and own research and analysis to determine which real estate assets to add to Lamar’s portfolio and how to profitably maintain and grow Lamar’s real estate portfolio.
Monitoring, tracking, and analyzing critical operational data and dates associated with numerous land lease agreements, owned properties, and other real estate assets.
Creating and maintaining an up-to-date market abstract by identifying areas for growth or relocation of existing assets through documentation and analysis of current zoning laws that meet the criteria for permitting as required by the appropriate jurisdiction.
Monitoring competitor activity and permitting practices.
Collaborating with local managers to conduct strategic data analysis using monthly, quarterly and annual data reports and portfolio summaries to evaluate and ensure optimization and profitability of the real estate portfolio.
Preparing and tracking of annual real estate budget, along with continuously identifying and developing strategies to address underperforming assets.
Strategic planning, development, and execution of lease and/or purchase strategies through operational, financial, and organizational analyses.
Developing and maintaining productive professional relationships with landowners to facilitate desired agreements and serving in a lead capacity as point of contact for negotiation and conflict resolution.
Preparing, presenting, and negotiating agreements with landowners, their agents, or representatives for the purpose of securing new or existing real estate assets.
Coordinating and overseeing the due diligence and purchase process for approved easement and land purchases.
Entering, maintaining, and routinely auditing data, reports, and electronic files to ensure accurate Accounting, recordkeeping, and file management within various internal software applications.
Establishing, developing, and maintaining productive and professional relationships with existing and potential landowners, and serving as the main point of contact for all real estate-related matters.
Ensuring receipt, verification, and the timely processing of real estate tax invoices for company-owned real and personal property.
Monitoring, tracking, calculating and issuing monthly and/or annual percentage/overage payments and applicable Consumer Price Index (CPI) adjustments.
Establishing, developing and maintaining a professional relationship with all key governmental officials and personnel vital to planning, zoning, permitting and inspections.
Maintaining an accurate record of state and local zoning ordinances and monitoring any proposed zoning applications or changes.
Preparing, submitting, securing, renewing and maintaining all applicable governmental approvals including, but not limited to, variances, construction, vegetation, and conditional use permits associated with new or existing sign sites.
Serving as the primary contact and liaison between internal company departments and landowners to ensure continued access to the company’s signs and resolving any appearance or vegetation issues.
Supervising 1 - 2 administrative employees, depending on the location’s needs.

Benefits

A Monday-Friday, 8a-5p work schedule
A first-year earning potential of $70,000 - $100,000 including commissions and bonus opportunities with an annual base salary of $60,000 - $85,000.
120 hours of paid time off (PTO) that increases with tenure
12 paid company holidays including Presidents Day and Juneteenth
Career advancement opportunities
Ongoing professional development and internal leadership programs to maximize your career potential
Multiple medical plan options and health savings account
Hospital, Accident, and Critical Illness coverage
Dental and vision insurance
Short and long-term disability and paid parental leave
401K plan with company match
Up to $1,200 value in employer-paid HSA contributions and cash rewards for engaging in our wellness program
A people-first culture that invests in connection, community involvement, and transparency around employee feedback