The Real Estate Team is a significant part of the growth engine of our company. We thrive on finding the best property and markets to expand our portfolio of Athletic Resort destinations. We work side by side with our Team Members in the Property Development group by leveraging continual collaboration throughout the life cycle of each project. When you join our team, you are joining a group of fun and talented people. We offer an incredible benefits package, generous club discounts, and a fully subsidized Signature Life Time membership.Position Summary
The Real Estate Manager strategically leads the identification and acquisition of sites for new Life Time Athletic clubs or Health Way of Life mixed-use developments within assigned markets in the U.S. or Canada. They will also collaborate with the architecture, construction, legal, operations, and development departments throughout the club's opening phase
Responsibilities
- Visits new markets and creates market/trade area deployment strategies for new locations.
- Provides market studies and trade area analysis for new facility development.
- Monitors assigned trade areas for future development projects.
- Develops and maintains an effective broker network and works with brokers to locate land that meets the needs of Life Time
- Pursue high-quality sites for new facility development utilizing fact-based decision logic and to meet investment metrics.
- Review potential sites, including demographics, accessibility, utilities, land composition, and location to ensure it meets the benchmarks for a new Life Time Athletic.
- Writes business plan to be presented to Board of Directors for approval describing the market and potential opportunity
- Assesses local competition in the area, including what competitors are located near potential sites, whether they are significant competition, what amenities they offer, and their current membership rates.
- Negotiates Letters of Intent, Purchase Agreements, and Leases
- Facilitates Civil Engineering, site planning, and entitlement process once land has been purchased
- Conduct site visits with Senior Vice President of Real Estate and Development and Senior Management for approval on selected sites
- Coordinate dispositions of excess property as necessary
Minimum Qualifications
Education:
Experience:
- Five to Eight years of Real Estate analysis and acquisition experience
- Two years of management experience
Licenses / Certifications / Registration:
Knowledge, Skills, Abilities and Other Characteristics
- Ability to multi-task and learn quickly
- Ability to operate a personal computer
- Knowledge of standard office procedures and computer software
- Outstanding oral and written communication skills
- Ability to effectively multi-task with tight deadlines independently and within a team environment
- Ability to define problems, collect and analyze data, establish facts, draw valid conclusions, and recommend solutions
- Knowledge of real estate finance
- Knowledge of site development and negotiations
- Strong project management skills
Physical / Mental Requirements and Working Conditions
Work is performed primarily in an office setting, with frequent travel required. This position is required to regularly:
- Stand, walk and sit
- Talk or hear
- Use hands to finger, handle or feel
- Read, write, type and comprehend text
- View objects up close and at a distance
- Effectively communicate and interact with others
- Use reasoning and solve problems through deduction
Benefits
All team members receive the following benefits while working for Life Time:
- A fully subsidized membership
- Discounts on Life Time products and services
- 401(k) retirement savings plan with company discretionary match (21 years of age and older)
- Training and professional development
- Paid sick leave where required by law
Full-time Team Members are eligible for additional benefits, including:
- Medical, dental, vision, and prescription drug coverage
- Short term and long term disability insurance
- Life insurance
- Pre-tax flexible spending and dependent care plans
- Parental leave and adoption assistance
- Paid time off, including 5 to 20 vacation days per calendar year (based on tenure) and paid sick leave
- Deferred compensation plan, if the team member meets the required income threshold
Life Time is a place for everyone. As an organization, we are committed to an inclusive, diverse and equitable workplace that respects and celebrates the unique contributions of each individual while ensuring we remain an equal opportunity employer that recruits, hires, trains and promotes based on merit and qualifications.
