Real Estate Manager

Roles and Responsibilities

The Real Estate Executive/Manager will evaluate potential properties for new store locations, focusing on market analysis, financial feasibility, and strategic alignment. The role requires a deep understanding of real estate markets, strong negotiation skills, and the ability to manage all property acquisition and setup phases. The Real Estate Executive will play a critical role in the company’s expansion efforts by securing prime locations that align with the fast-food chain's business objectives.

Scope Of Role

• Site Evaluation and Market Analysis
• Conduct comprehensive assessments of potential properties, including on-site evaluations and market analysis.
• Analyze demographic, economic, and traffic data to ensure strategic site selection.
• Review and interpret zoning regulations and other local requirements to ensure compliance.
• Financial Feasibility and Lease Negotiation
• Perform detailed financial feasibility studies, including ROI projections for potential sites.
• Negotiate lease terms with landlords, ensuring alignment with financial and operational goals.
• Manage all lease agreements and renewals within the company’s real estate portfolio.
• Strategic Market Expansion and Project Management
• Identify high-growth areas and emerging markets for new store locations.
• Lead the expansion strategy by coordinating with the business development team and securing prime locations.
• Oversee the end-to-end property acquisition process, including project management of renovations and store setups.
• Reporting and Documentation
• Prepare detailed reports on-site assessments, financial analyses, and market research.
• Maintain accurate records of all site assessments and related documentation.

Requirements

• Education: Bachelor’s degree in Real Estate, Business Administration, or a related field; Master’s degree preferred.
• Experience: Over five years of experience in property assessment, leasing, and real estate operations, focusing on the food and beverage industry.
• Training/License/Certification: Professional certifications such as Certified Commercial Investment Member (CCIM) are preferred.
• Essential Traits: Technical Competencies: Leasing and negotiation, financial analysis, market research. Essential Traits and Skills: Strategic thinking, analytical, collaborative, persistent, and organized.

Desired Candidate Profile

1. Market Knowledge and Analysis

• Real Estate Trends: Staying informed about market trends, property values, and economic conditions that may impact the real estate market.
• Property Valuation: Understanding property appraisal techniques to accurately assess the value of real estate assets and identify potential investment opportunities.
• Competitor Analysis: Monitoring and analyzing competitor properties and pricing to ensure that managed properties remain competitive in the market.

2. Property Management

• Tenant Relations: Building and maintaining strong relationships with tenants, addressing concerns, handling complaints, and ensuring tenant satisfaction.
• Lease Negotiations: Managing lease agreements, negotiating favorable terms with tenants, and ensuring compliance with contract stipulations.
• Rent Collection: Ensuring timely rent payments, handling overdue accounts, and managing collections effectively to maintain cash flow.
• Maintenance Oversight: Coordinating and overseeing property maintenance and repairs to ensure that the properties are in excellent condition.
• Property Inspections: Regularly inspecting properties to ensure compliance with health, safety, and building regulations, and to assess overall condition.

3. Financial Management

• Budgeting: Developing and managing property budgets, including maintenance costs, utilities, and staff salaries, ensuring properties remain profitable.
• Financial Reporting: Preparing and presenting financial reports, including profit and loss statements, cash flow projections, and asset management reports to stakeholders or senior management.
• Cost Optimization: Identifying cost-saving opportunities, such as optimizing energy consumption, reducing operating costs, or renegotiating service contracts.
• Investment Analysis: Evaluating potential real estate investments, conducting financial analyses (such as ROI, CAP rates, or net operating income), and recommending investment opportunities.

4. Legal and Regulatory Knowledge

• Property Laws: Understanding local, state, and national laws related to property ownership, rental agreements, eviction procedures, and tenant rights.
• Compliance: Ensuring that all properties comply with zoning laws, health and safety regulations, building codes, and environmental laws.
• Contract Management: Reviewing, drafting, and negotiating contracts related to leases, property purchases, maintenance services, and vendor agreements.
• Risk Management: Identifying potential legal risks associated with property ownership and management, and mitigating them through proper insurance and contractual agreements.

5. Negotiation Skills

• Vendor Negotiations: Negotiating with contractors, service providers, and suppliers to get the best terms and pricing for property management services.
• Lease and Sale Negotiations: Negotiating lease terms, property sales, and other agreements to maximize profitability and ensure favorable outcomes for the company.
• Conflict Resolution: Handling disputes between tenants or between tenants and property owners, ensuring that issues are resolved in a timely and professional manner.

6. Project Management

• Renovations and Upgrades: Overseeing property renovations, improvements, and upgrades to increase the value and appeal of a property.
• Scheduling and Coordination: Managing the timeline and resources for any construction, renovation, or repair projects, ensuring they are completed on time and within budget.
• Vendor Management: Hiring and managing third-party contractors and service providers for maintenance, construction, or other property-related services.

7. Customer Service

• Tenant Support: Ensuring that tenants have a positive living or working experience, addressing their needs quickly and professionally.
• Complaint Handling: Responding to tenant complaints, resolving issues promptly, and maintaining tenant satisfaction to reduce turnover.
• Community Engagement: Building strong relationships with the local community, ensuring that tenants feel connected and valued in their residential or commercial spaces.