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Real Estate Manager

Planet Fitness World Headquarters

Real Estate Manager

Los Angeles, CA
Full Time
Paid
  • Responsibilities

    Planet Fitness World Headquarters is searching for a Real Estate Manager to join our team!

    As our Real Estate Manager you will support the Director of Real Estate with site sourcing and site selection for Planet Fitness retail locations You will be directly responsible for assisting assigned Franchise Groups in order to meet their development schedules. You will be regionally assigned to ensure all ICSC events, brokerage networks, REITs, and LLs consider Planet Fitness as the first priority for our required space.

    This is a field based role, covering the Western territory. Ideal candidate resides in the west with an established Broker network.

    Your Contributions:

    Manage the Real Estate process from selection to lease execution for franchised locations within assigned region.

    Source and qualify site opportunities by analyzing and validating demographic, zoning, cost and other pertinent market information within a territory to ensure compliance with Planet Fitness’s criteria as well as the “quality” of the sites.

    Travel to required market areas to visually inspect and evaluate proposed sites, existing stores and competitors within the trade area.

    Have a strong understanding of the respective markets; retail trends, patterns, traffic flow, demographics, potential market shifts and retail closures that could become future opportunities.

    Research and identify potential issues and risks associated with each site (Zoning, variance requirements, restrictions etc.) that can impact the deal and communicate recommendations to the internal team.

    Maintain and execute market development plans for franchise locations.

    Manage site inventory for region.

    Review contracts for accurate representation of agreement, timelines, obligations, easements, entitlements, signage rights, earnest money and costs.

    Manage the real estate process and resolution of contractual issues thru deal closing. Oversee all stages of franchisee approval (from application and evaluation to contract signing and store opening).

    Manage the Franchise Site orientation, site submittal and lease execution.

    Manage and cultivate relationships with external brokers and real estate community.

    Execute weekly “Broker Activity Reports”.

    Continually keep abreast of market and industry trends, economics, governmental processes and legal parameters.

    Communicate regularly and effectively with project team providing routine updates and proactively identify upcoming deadlines that affect the team.

    Work collaboratively with the Real Estate specialists to ensure pipeline management, LOI and lease reviews.

    Qualifications/Skills:

    3-5- years of real estate site selection experience for a national franchise or retail developer with a proven and progressive track record in handling complex real estate transactions.

    3-5 years working in a Real Estate Department, preferred with QSR or Retail Chain.

    Bachelor’s degree in relevant field (Real Estate, Finance or Business).

    Demonstrated organization and project management skills.

    Must be able to operate in a deadline driven environment while still maintaining strict attention to detail.

    Experience working with franchise operations would be preferred.

    Strong market analysis skills and thorough knowledge of site selection.

    Self-starter with an ownership mentality and a strong sense of drive and urgency to meet goals.

    Strong knowledge of the real estate process, contracts, and other real estate development transactions.

    Superior interpersonal skills.

    Exceptional stage presence and comfort presenting to large groups of people.

    Demonstrated ability to troubleshoot problems, resolve conflicts and set direction.

    Proficient in Windows and its applications.

    Up to 70% Travel.

    Why you should join Planet Fitness!

    Contribute to changing people’s lives every day by helping us create a healthier Planet!

    Competitive salaries and comprehensive benefits package

    Employee Stock Purchase Program

    Childcare allowance

    Generous vacation/holiday pay

    Volunteer days off

    Free Black card and exercise incentives