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Associate Real Estate Manager

4 months ago

Chanhassen, United States Life Time Inc. Full time

The Real Estate Team is a significant part of the growth engine of our company. We thrive on finding the best property and markets to expand our portfolio of Athletic Resort destinations. We work side by side with our Team Members in the Property Development group by leveraging continual collaboration throughout the life cycle of each project. When you join our team, you are joining a group of fun and talented people. We offer an incredible benefits package, generous club discounts, and a fully subsidized Signature Life Time membership.


Position Summary


Manages an assigned market within the U.S., strategically locating and acquiring sites for new Life Time Athletic clubs. The Associate Real Estate Manager will collaborate with brokers, architecture, construction, legal, operations, and development departments through the club opening. The Associate Real Estate Manager leads a cross-functional internal team and external consultants through the preliminary site and building assessment, due diligence, scope setting, business plan, approvals, permitting, and closing processes. The Associate Real Estate Manager combines leadership and interpersonal skills with technical land and existing building evaluation expertise to identify strategies for obtaining approvals and guide the project team through internal processes.


Responsibilities


  • Review potential sites, including demographics, accessibility, utilities, land composition, existing space, and location to ensure they meet the new Life Time club benchmarks.
  • Evaluate existing conditions of buildings to lead pre-construction teams through estimating exercises.
  • Assist in negotiating Letters of Intent, Purchase Agreements, and Leases.
  • Assess local competition in the area, including what competitors are located near potential sites, whether they are significant competition, what amenities they offer, and their current membership rates.
  • Act as liaison between brokers and internal teams (pre-construction, development, finance, architecture, and legal) to coordinate a successful project from site identification to grand opening.
  • Conduct site visits with leadership for approval on selected sites.
  • Support the Real Estate team in evaluating the feasibility of new projects prior to PSA/Lease.
  • Lead, coordinate, and manage the pre-construction team’s work efforts.
  • Work with internal teams and external consultants to find cost efficiencies.
  • Manage cross-functional teams to deliver projects through due diligence to grand opening.


Minimum Qualifications


Education:

  • Four-year college degree in a related field.


Requirements:

  • 5+ years of real estate analysis and site acquisition.
  • Two years of management experience.
  • Travel 25% - 50%.


Knowledge, Skills, Abilities, and Other Characteristics

  • Ability to multi-task and learn quickly.
  • Ability to operate a personal computer.
  • Knowledge of standard office procedures and computer software.
  • Outstanding oral and written communication skills.
  • Ability to effectively multi-task with tight deadlines independently and within a team environment.
  • Ability to define problems, collect and analyze data, establish facts, draw valid conclusions, and recommend solutions.
  • Knowledge of real estate finance.
  • Knowledge of site development and negotiations.
  • Strong project management skills.
  • Ability to travel weekly.
  • Proficient with AutoCAD operating software.