Real Estate Transaction Manager

Role Overview

• Serves as the real estate transaction manager for company operated stores throughout the United States.
• Supports field managers with negotiations, counsel, and information regarding existing company real estate, acquisitions, dispositions and surplus real estate.
• Negotiates lease renewals for company operated stores on a 24-30 month rolling cycle.
• Tracks lease renewal savings.
• Assists with disposition of company surplus property via sale or sublease and tracking of sublease income.
• Completes lease negotiations for expansions of company operated stores.
• Develop and execute company owned portfolio leasing strategy via lease action plans for each company division.
• Provides real estate support on acquisitions.
• Job holder is responsible for performing any other duties as assigned by management.
• Contacts landlords and negotiates terms for lease renewals, extensions, expansions, terminations, acquisitions and/or disposition including negotiations for leasehold improvements.
• Partners with field management to explain revised lease terms and obtains approval.
• Explains real estate and lease circumstances to field managers as needed including lease interpretation as questions arise.
• Develops and maintains accurate and up-to-date lease action plans for all stores within company portfolio in database.
• Ensures lease action plans are implemented prior to lease expiration or other critical dates.
• Prepares real estate approval packages for all new and relocated sites, including executive summary, proformas, competitor information, market data, etc.
• Works with field to gather needed information and complete forecasts.
• Communicates approved lease action plans with various company executives and the lease administration department.
• Advises the lease administration department on the status of all month-to-month leases, lease extensions, and amendments.
• Assists with the disposition of company surplus properties, including marketing, sale or sublease negotiation, account receivable collection, etc.
• Partners with brokers to find new tenant and negotiates lease agreement.
• Reports sublease activity to field management.
• Assists with preparation of lease agreements and assignments for acquisition projects.
• Estimates property value by researching and analyzing property information for market comps, acquisitions, and financial audits.
• Conducts ad hoc analysis quickly with high degree of accuracy.
• Performs other real estate tasks as directed.

Requirements

• Bachelor’s degree or equivalent work experience required.
• 3 – 5 years previous experience in commercial and/or retail real estate environment.
• Understands key finance principals including capital budgeting, internal rate of return, cash flow analysis, etc.
• Must have ability to interpret commercial lease language and understand other real estate documents.
• Must possess strong communication skills and the ability to present complex and details analysis.
• Strong organization skills required and must have the ability to manage multiple, complex projects simultaneously.
• Demonstrated customer service and negotiation skills.
• Must be able to meet deadlines.
• Ability to work well with both internal and external customers.
• Must be able to work with limited supervision within a team environment.
• Proficiency in MS Word, Excel, and MS Office Suite.
• Previous experience with real estate databases strongly preferred.

Benefits

• Work is performed in a typical office environment