Senior Manager of Real Estate

Regal Rexnord•Milwaukee, WI

4d•$100,000 - $150,000

About The Position

Position Overview Regal Rexnord is seeking a Sr. Manager, Real Estate that will be a key to the company's continued growth. They will collaborate with the leaders of the organization to build and execute both short and long-term strategies. The primary role of the Real Estate Manager is to manage a Real Estate portfolio made up of over 200 globally owned/lease sites, as well as identify new locations in key geographic regions for Regal Rexnord. The Real Estate Manager is involved with relocations, renewals, closures, and disposition of excess/idle properties. Other responsibilities include market and field research, site selection, financial pro forma modeling to calculate IRR's and NPV's, construction and legal process required for lease approvals, broker management, landlord relationships, ad hoc analysis, reporting, and more. This position will report to the Senior Director, Global Risk and Property Management Key Responsibilities: Support: Communicate effectively with internal stakeholders, including members of the leadership team. Develop and maintain cohesive communication and excellent working relationships with external partners including real estate brokers, developers, owners, landlords, attorneys, architects, and local government officials. Support Project Managers and SCOFR team to ensure they provide sufficient data such as market comps and BOV/Appraisals to make proper business decisions. Support of local operations with site specific issues and work as liaison with Landlord to find a solution General knowledge of corporate real estate best practices and internal & external service models Prepare and deliver business cases supporting Regal Rexnord real estate strategies to internal stakeholders. Actively and proactively identify potential areas of risk for Regal Rexnord within its real estate portfolio and develop and present options for mitigation. Initiates project initiation and scope definition, prioritization of assignments, and adherence to priorities, protocols, commitments, and milestones. Collaboration among parties to manage multi-market commercial real estate services such as: transaction management, portfolio strategy, project management, lease administration, etc. Negotiation: Negotiate all provisions of the lease, including, insurance, LL/Tenant default provisions, CAM and additional provisions. Negotiate Regal Rexnord’s Letter of Intent and work with segment and legal team members to finalize lease documents. Negotiate the sale of industrial properties. Manage negotiations for multiple transactions including relocations, expansions, renewals, dispositions, and renegotiations in multiple markets throughout North America and Internationally Coordinate market tours and present recommended deals to the Project and SCOFR Teams Reports: Prepares trip notes from market visits and follow-up notes on tours with senior management Real Estate Reports by Segment to Senior Leadership Team Pro forma modeling Ad Hoc Analysis and reporting

Requirements

Bachelor's Degree Required, preferably in Finance, Business, Real Estate or Construction
7+ years of experience in Corporate Real Estate
Information Systems: Microsoft Office Suite, Visual Lease or similar Leasing Software experience
Advanced negotiation skills
Financial analysis skills
Excellent written and verbal communication and problem solving abilities
Flexibility to adapt to change and multi-tasking
Experience establishing disciplined processes and driving continuous improvement and performance
Results and detail-oriented
Ability to meet many simultaneous demands for important decisions/actions and face confrontations or other difficult situations and demands for results

Nice To Haves

Exposure to manufacturing and global industrial businesses
Business training or exposure to working with financial statements
Understanding of 80/20 and Continuous Improvement methodologies
International experience

Responsibilities

Communicate effectively with internal stakeholders, including members of the leadership team.
Develop and maintain cohesive communication and excellent working relationships with external partners including real estate brokers, developers, owners, landlords, attorneys, architects, and local government officials.
Support Project Managers and SCOFR team to ensure they provide sufficient data such as market comps and BOV/Appraisals to make proper business decisions.
Support of local operations with site specific issues and work as liaison with Landlord to find a solution
General knowledge of corporate real estate best practices and internal & external service models
Prepare and deliver business cases supporting Regal Rexnord real estate strategies to internal stakeholders.
Actively and proactively identify potential areas of risk for Regal Rexnord within its real estate portfolio and develop and present options for mitigation.
Initiates project initiation and scope definition, prioritization of assignments, and adherence to priorities, protocols, commitments, and milestones.
Collaboration among parties to manage multi-market commercial real estate services such as: transaction management, portfolio strategy, project management, lease administration, etc.
Negotiate all provisions of the lease, including, insurance, LL/Tenant default provisions, CAM and additional provisions.
Negotiate Regal Rexnord’s Letter of Intent and work with segment and legal team members to finalize lease documents.
Negotiate the sale of industrial properties.
Manage negotiations for multiple transactions including relocations, expansions, renewals, dispositions, and renegotiations in multiple markets throughout North America and Internationally
Coordinate market tours and present recommended deals to the Project and SCOFR Teams
Prepares trip notes from market visits and follow-up notes on tours with senior management
Real Estate Reports by Segment to Senior Leadership Team
Pro forma modeling
Ad Hoc Analysis and reporting