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Senior Real Estate Manager

[solidcore] is seeking a Senior Real Estate Manager to support the studio development team's objective of swift growth across the United States. This role will report to the Director of Real Estate and work with the greater [solidcore] teams on the annual NSO (new studio open) portfolio as well as various projects and initiatives to support the existing fleet of over 135 locations. This role will have an internal direct report(s), and should expect to travel 15-30% of the time.


Key Responsibilities:
  • Manage and own the real estate pipeline for assigned territories
  • Perform site research and analysis for all real estate sourced and/or accepted into pipeline
  • Manage and own the pipeline resource with critical information, dates and documentation; move sites through real estate diligence
  • Coordinate Real Estate Committee deliverables for executive team and cross functional partners
  • Ownership of LOI negotiations
  • Leadership and collaboration with legal team on lease negotiations
  • Managing all broker relationships (master and local) for assigned territories
  • Managing landlord relationships through due diligence and permitting alongside the development team
  • Managing national institutional relationships; ensure [solidcore] is always the first call
  • Develop partnerships with other HQ functions including Legal, Operations, FP&A, and Marketing teams
  • Perform special projects in support of cross functional business functions as requested
  • Evangelist and steward of the [solidcore] brand in all professional settings


Qualifications:
  • Bachelor’s Degree in Real Estate, Finance, Business, Law, GIS, or related field of study applicable to role required
  • People management and team lead experience required
  • Minimum 3-5 years of multi-market deal making/leasing experience, directly or indirectly with retailers, required; class A/urban street retail asset experience preferred
  • Ability to read, write and interpret legal documents
  • Self-starter with high accountability and eagerness to learn quickly
  • Strong capability in balancing priorities against multiple deadlines 
  • Interest in continuously honing negotiation skills
  • Strength in analyzing large amounts of data and distilling into digestible and actionable recommendations for various stakeholders
  • Understands business performance and can action upon working with resources to create new insights for real estate and company strategies
  • Passionate about [solidcore], retail brands and/or retail real estate


Compensation & Benefits:
  • Competitive salary range of $100,000.00-120,000.00 per year based on experience
  • Monthly cell phone stipend
  • Annual bonus eligibility based on performance
  • 401k with employer match
  • Health, dental, & vision insurance
  • Flexible PTO
  • Free drop-in classes
  • And more!


[solidcore] is a national boutique fitness company with 100+ studios across the country. Our signature workout is 50 minutes of low-impact, high-intensity strength training: the lights are low and the music is loud. The coach guides the class through a series of slow & controlled movements that are sequenced to work muscles to failure. This class is accessible for all fitness levels and can be amplified or modified to accommodate individual goals. Class is as intense as our reviews suggest, but our instructors go above and beyond to provide a welcoming, supportive, empowering, and challenging experience for all. Please visit our website here to read more about our mission.


[solidcore] is firmly committed to social justice and promoting a culture of diversity, equity, and inclusion. You can click here to find out more about the actions we are taking to promote a more diverse and inclusive space for both our clients and our internal team.


[solidcore] is an equal-opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. [solidcore] makes hiring decisions based solely on qualifications, merit, and business needs at the time.

Solidcore Glassdoor Company Review
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CEO of Solidcore
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Bryan Myers
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$100000K
$120000K

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What You Should Know About Senior Real Estate Manager, Solidcore

Are you looking to elevate your career in real estate management? [solidcore] is on the hunt for a talented Senior Real Estate Manager to drive our studio development initiatives across the United States. Based in Arlington, Virginia, this role is all about supporting our exciting growth objectives as you collaborate with our Director of Real Estate and dynamic teams. You’ll be responsible for managing our extensive real estate pipeline and performing detailed site research to identify the best locations for our new studios. Not only will you engage with critical stakeholders, but you’ll also lead LOI negotiations and facilitate negotiations with landlords and legal teams. We pride ourselves on nurturing strong relationships with brokers and institutional partners, so your expertise in these areas will be instrumental in our progress. Anticipate occasional travel, about 15-30% of the time, as you enhance our ever-expanding portfolio that currently boasts over 135 locations. Join us in becoming an ambassador for the [solidcore] brand and help us create welcoming, empowering environments for our clients. If you have experience in multi-market leasing and a passion for retail real estate, this could be the perfect opportunity for you! Dive into a vibrant work culture that values diversity and inclusion while enjoying competitive compensation and comprehensive benefits. Explore the potential of taking your career to new heights with [solidcore] today!

Frequently Asked Questions (FAQs) for Senior Real Estate Manager Role at Solidcore
What does a Senior Real Estate Manager do at [solidcore]?

A Senior Real Estate Manager at [solidcore] is responsible for overseeing the real estate pipeline for assigned territories, conducting site research and analysis, and managing negotiations with landlords and brokers. This role supports the studio development team and involves working closely with various internal teams to ensure the efficient opening of new studio locations. With a focus on relationship management and strategic planning, the role is essential to the company's growth across the United States.

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What qualifications are required for the Senior Real Estate Manager position at [solidcore]?

To qualify for the Senior Real Estate Manager role at [solidcore], candidates should possess a Bachelor's Degree in a related field, such as Real Estate, Finance, or Business. It's essential to have a minimum of 3-5 years of multi-market leasing experience and people management experience. Candidates must also have a strong ability to read and interpret legal documents and possess negotiation skills to effectively manage LOI and lease negotiations.

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How does the Senior Real Estate Manager contribute to [solidcore]'s growth?

The Senior Real Estate Manager plays a vital role in [solidcore]'s growth by managing the real estate pipeline, performing site assessments, and ensuring due diligence. By negotiating leases and fostering relationships with brokers and landlords, this position directly impacts the expansion of new studio locations, aligning with the company's mission to provide accessible fitness experiences to communities across the country.

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What skills are necessary for a successful Senior Real Estate Manager at [solidcore]?

Successful Senior Real Estate Managers at [solidcore] possess strong analytical skills to interpret data and provide actionable recommendations. They should be adept at relationship-building, have solid negotiation capabilities, and a knack for project management. Additionally, they must be self-starters with the ability to balance multiple deadlines while remaining accountable for their work.

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What kind of work environment can I expect as a Senior Real Estate Manager at [solidcore]?

At [solidcore], the work environment for the Senior Real Estate Manager is dynamic and collaborative. The professional culture emphasizes diversity, equity, and inclusion, allowing team members to engage in open dialogues while working on innovative real estate projects. With a focus on professional growth and support, you'll find a workplace that champions individuality and teamwork.

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What benefits come with the Senior Real Estate Manager position at [solidcore]?

The Senior Real Estate Manager position at [solidcore] offers a competitive salary range between $100,000 and $120,000, along with additional benefits such as a monthly cell phone stipend, annual performance-based bonuses, a 401k plan with employer matching, and comprehensive health, dental, and vision insurance. Employees also enjoy flexible paid time off and access to free drop-in classes at [solidcore] studios.

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How does [solidcore] support diversity and inclusion in the workplace?

[solidcore] is deeply committed to promoting diversity and inclusion in the workplace. They prohibit discrimination based on protected characteristics and strive to create a welcoming environment for all employees. The company's initiatives focus on ensuring that all voices are heard, and contribute to an inclusive space for both clients and staff, demonstrating a holistic commitment to social justice.

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Common Interview Questions for Senior Real Estate Manager
What experience do you have with managing real estate pipelines?

Discuss your previous roles where you were responsible for overseeing real estate pipelines, highlighting specific territories you managed, types of sites you assessed, and any successful negotiations that resulted in new studio openings. Use data or metrics where possible to showcase your impact.

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How do you approach site research and analysis?

When answering this, describe your methodology for site research, including the tools or software you utilize to analyze market trends, customer demographics, and accessibility. Mention how you distill large datasets into actionable insights that inform studio development decisions.

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Can you describe your experience with LOI negotiations?

Provide concrete examples of LOI negotiations you've handled, elaborating on your strategy for approaching these discussions. Highlight any successful outcomes and the methods you employed to align stakeholders and ensure mutual benefit.

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How do you manage relationships with landlords and brokers?

Highlight your skills in maintaining professional relationships, sharing specific tactics you employ to foster long-term partnerships. Mention how you communicate with landlords and brokers through all project phases, ensuring transparency and collaboration.

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What strategies do you use to facilitate effective cross-functional collaboration?

Discuss your approach to fostering collaboration between teams, detailing how you’ve worked alongside legal, operations, and marketing teams in previous roles. Emphasize communication techniques and tools you believe are crucial in maintaining a smooth workflow across departments.

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What challenges have you faced in real estate management and how did you overcome them?

Share a specific challenge related to real estate management, such as delays in negotiations or issues with site approvals. Explain your thought process in tackling the challenge, the steps you took, and what the final outcome taught you about real estate management.

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How do you prioritize multiple projects in a high-paced environment?

Describe your prioritization methods, whether through task management software or personal organization strategies. Discuss how you assess urgency vs. importance and provide an example where you successfully managed competing deadlines.

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In what ways do you stay informed about industry trends and changes?

Explain your commitment to professional development by mentioning industry publications, networking events, and relevant training. Discuss any specific trends that are currently influencing your thinking about real estate and how they might apply to [solidcore].

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How would you represent and promote the [solidcore] brand in your role?

Discuss the importance of brand representation and how you would embody [solidcore]’s values in professional interactions. Provide examples of how you’ve promoted a brand in your previous jobs and the impact it had on stakeholder relationships.

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What do you understand about [solidcore]'s mission and values?

Showcase your understanding of [solidcore]'s mission to provide empowering fitness experiences while emphasizing their commitment to diversity and inclusion. Mention how these values resonate with your professional philosophy and how they would guide your actions as a Senior Real Estate Manager.

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DATE POSTED
November 24, 2024

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