SUMMARY:
The Director of Real Estate is responsible for leading the strategic planning, acquisition, development, and management of real estate projects within the organization. This role requires extensive expertise in real estate development, portfolio management, and strong leadership skills to ensure alignment with the organization's long-term goals. The Director will work across multiple departments, lead our facilities manager, and external partners to oversee real estate transactions, construction, project execution, ensuring the successful growth and redevelopment of the organization's real estate footprint.
KEY DUTIES AND RESPONSIBILITIES:
The following reflects management’s definition of essential functions for this job but does not restrict the tasks that may be assigned. Management may assign or reassign duties and responsibilities to this job at any time due to reasonable accommodation or other reasons.
- Strategic Real Estate Planning: Lead the development of long-term real estate strategies that align with the organization’s business goals. Analyze market trends, conduct feasibility studies, recommend optimal property acquisitions, leases, development of new store and refresh construction budgets and ownership of new store opening process including the establishment of business licenses and permits.
- Project Management: Oversee the day-to-day execution of real estate projects, including acquisition, new development, redevelopment, construction, and the management of existing fleet needs. Ensure timely delivery of projects within budget, while ensuring all projects comply with local, state, and federal regulations, including zoning laws and environmental guidelines.
- Stakeholder Collaboration: Collaborate with senior leadership, finance, legal, design, facilities maintenance, and marketing teams to ensure real estate strategies align with overall business objectives. Provide oversite and direction to facilities management to govern existing fleet maintenance needs, and coordinate with external stakeholders such as landlords, developers, contractors, architects, and consultants.
- Property Acquisition and Development: Identify and secure real estate opportunities that support organizational expansion and redevelopment opportunities within the existing fleet. Perform due diligence, negotiate agreements, and manage property development, ensuring compliance with zoning regulations and other legal requirements.
- Lease Management: Lead negotiations for lease agreements with an understanding of lease language including basic understanding of lease accounting trigger dates (e.g., lease signing date, possession date, commencement date), renewals, expansions, CAM audits, and lease terminations. Work closely with legal and leasing teams to ensure favorable lease terms and minimize operational risk. Manage existing location lease renewals, and establishment of new lease agreements for new locations. Manage relationships with property owners, landlords, and developers to foster positive partnerships.
- Financial Oversight: Develop and manage real estate project budgets, forecasts, and financial models. Partner with finance to provide inputs into new store and refresh ROI models. Monitor and track expenses to ensure projects are delivered within budget. Provide financial reporting to stakeholders, outlining key project metrics and financial performance.
- Risk Management and Compliance: Identify potential risks related to real estate transactions and project delivery. Implement strategies to mitigate risks, address issues proactively, and ensure compliance with all regulatory requirements, including zoning laws and building codes.
- Quality Assurance: Ensure all real estate projects meet the organization's standards for quality and performance. Conduct regular inspections, audits, and reviews to identify deficiencies and oversee corrective actions as needed.
- Preventative Maintenance: Establish preventative maintenance programs to enhance property longevity and performance by scheduling and managing routine inspection and maintenance on all building systems (i.e. HVAC) and equipment to identify areas in need of refurbishment, repairs, and renovations. Coordinate with facility manager, vendors, and contractors to ensure compliance with building standards, energy efficiency, and safety regulations.
- Documentation and Reporting: Maintain accurate records of real estate transactions, contracts, permits, drawings, and project documentation. Provide regular progress reports to stakeholders, highlighting key milestones, challenges, and achievements.
QUALIFICATIONS:
- Bachelor’s degree in real estate, business administration, or related field. Master’s degree preferred.
- Minimum of 5-8 years of experience in real estate management, development, or a related field, with a focus on commercial or retail real estate.
- Proven history in overseeing large-scale real estate projects from acquisition through development and delivery.
- Demonstrated knowledge of property management principles, leasing, and regulatory requirements, including real estate laws, regulations, zoning, and environmental policies.
- Working knowledge of electrical and mechanical systems.
- Excellent negotiation and contract management skills.
- Financial acumen with experience in budgeting, financial modeling, expense management, and reporting.
- Strong problem-solving and analytical skills, with the ability to make sound decisions under pressure.
- Proficient in Microsoft Office Suite (Excel, Word, PowerPoint), with knowledge of real estate management software preferred.
PHYSICAL/MENTAL REQUIREMENTS:
While performing the duties of this job, the employee is frequently required to:
- Manage multiple large-scale projects simultaneously.
- Analyze and interpret complex financial, legal, and market data.
- Communicate effectively with diverse internal and external stakeholders.
- Maintain diligence and accuracy in a fast-paced environment.
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