Real Estate Manager

This is a fully remote position, open to applicants in Alabama, +1 more state.

📋 Description

• Implement a thorough and strategic real estate market strategy across the entire real estate lifecycle for the designated territory.

• Work in close collaboration with local broker teams and the Real Estate Senior Analyst to develop, enhance, and execute the market strategy.

• Partner closely with construction, design, facilities, finance, and asset management teams to ensure a successful store launch from site identification through to opening and throughout the store lifecycle.

• Oversee the site selection process for new store locations and identify existing store repositioning opportunities.

• Efficiently manage local real estate broker teams to uphold the necessary standards for implementing new store growth strategies.

• Supervise and mentor the RE Coordinator partner, incorporating personal development plans, goal-setting, and promoting exposure opportunities.

• Conduct field tours with key stakeholders of potential and existing locations.

• Collaborate closely with legal counsel on all lease negotiations within the assigned territory.

• Manage a pipeline of Letters of Intent (LOI) and lease negotiations simultaneously to meet aggressive growth objectives in both near-term and long-term market planning.

• Prepare detailed LOIs, comprehensive site approval packages, and other financial reports and analyses, including site submittal packages for presentation at the monthly Real Estate Committee (REC) meeting.

• Present proposed site approval packages at the monthly Real Estate Committee (REC) meeting for the assigned territory.

• Frequent travel to and within the assigned territory to maintain a thorough understanding of retail trade areas, including traffic and retail patterns, demographic trends, and market shifts, while proactively planning for targeted future opportunities.

• Maintain regular communication with operational partners and conduct periodic presentations/meetings to review strategies and priorities for new store openings and potential relocations within the assigned territories.

• Build and nurture relationships with key developers while effectively managing expectations and communication with external business partners.

• Represent Five Below at select Regional and National ICSC Conventions.

⛳️ Requirements

• A Bachelor's Degree or Master's Degree in Business Administration or a related field in real estate/finance is preferred.

• A minimum of 3 years of experience in the retail real estate sector is required.

• At least 2 years of prior experience in market planning, site selection, and deal negotiation.

• Must possess a working knowledge of regional retail markets, shopping centers, and major developers.

• Experience in managing third-party service providers, including master brokers, local market brokers, and external legal counsel.

• Exceptional communication, presentation, analytical, and problem-solving skills, with a proven ability to understand the audience and customer needs.

• Strong negotiation skills and transaction management capabilities.

• Ability to thrive in an ambiguous environment, identify and resolve issues, and navigate change effectively.

• Capacity to easily recall information.

• Self-driven with a keen attention to detail and deadlines.

• Solid understanding of real estate practices and associated legal principles.

🏝️ Benefits

• Explore our benefits site to discover all the perks and support we offer!

• Health coverage.

• Financial and personal wellness.