Real Estate Manager

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 Estate
• Educates franchisees on the overall real estate process and helps maintain realistic expectations with regards to process, deal points, and responsibilities
• Leads efforts required to prepare for Site Approval for new stores, relocations and expansions
• Builds, maintains and manages relationships with regional brokers, landlords and developers for existing and new store pipeline
• Travel and tour key markets with local brokers to gain local insights and understanding of trade areas
• Map 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 Brands
• Negotiates, reviews and approves Letter of Intent (LOI) associated with new locations with Franchisee/Corporate approval
• Manages the flow and status of deals for new and existing locations
• Operates with urgency but without sacrificing quality of service to franchisees or deal terms
• Facilitates franchisee work with local attorneys where requested on new leases and tracks progress
• Prepares and maintains real estate reports as required
• Serves as a primary contact on real estate related matters internally and externally within assigned territory over all brands
• Works closely with Franchise Development team to educate and onboard new Franchisees
• Facilitates, builds and maintains a Real Estate pipeline for of Franchisees within managed territory
• Maintains deal progress from site identification through lease execution
• Operates function within established budget parameters

QUALIFICATIONS + EXPERIENCE

• 5+ years real estate site selection and lease negotiation
• BA/BS or associate’s degree in real estate or related field or equivalent experience
• Analytic and Rent Comp software (Ex: Kalibrate, Buxton, SiteWise, PlacerAI, CoStar or similar)
• Strong knowledge of commercial/retail real estate lease documents and leasing process
• Knowledge of Lease renewal processes, legal requirements and procedures
• Knowledge of basic Lease Administration processes and procedures
•  Microsoft Office products

Preferred Qualifications

• Experience 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 Franchisees

COMPETENCIES

• Strong negotiation skills
• Self-Motivated
• Results-Driven
• Honesty & Integrity
• Service-Oriented
• Exceptional Communicator
• Attention to detail and accuracy
• Strategic thinking

TRAVEL REQUIREMENTS

1-2x per month, including availability around regularly scheduled Discovery Days (1x per month).

Salary Range: $100k - $120k

 

What’s in it for you?

We offer a competitive salary along with exceptional benefits such as:

• Medical, Dental and Vision Coverage
• Hybrid Work Environment
• Life and Disability Insurance
• Unlimited Time off + Paid Holidays
• Flexible Friday's between Memorial Day and Labor Day
• 401(K) Savings Plan Matching at 4%
• 10 Coaching and Therapy sessions
• Mental Health Benefits
• Brand Discounts & Reimbursements
• In-house workout facilities
• Professional Development Opportunities
• Team Building, Employee Engagement Activities & so much more

WORK SCHEDULE
Purpose Brands LLC, currently observe the following hybrid work model for employees at our Boca Raton (FL), Woodbury (MN), and Seattle (WA) offices:

• Remote optional: Fridays
• On-site days: Mondays, Tuesdays, Wednesdays and Thursdays

DIVERSITY, EQUITY, AND INCLUSION STATEMENT
Purpose 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 STATEMENT
Purpose 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.