The Director of Real Estate Development will be responsible for the full life cycle of new schools from setting market entry strategy to pursuing sites. The Director will work closely with the Legal department to negotiate project documents, and the Construction department to facilitate design, budgets, and schedule. This position will remain responsible for all aspects of deals from the initial concept through the construction and school opening.
The job of Director of Real Estate can be performed in the following states: Alabama, Arizona, Arkansas, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Wisconsin, and Wyoming.
Essential Functions:
Lead Green Development Initiatives. This will include understanding the market strategy and collaborating with several departments within Learning Care Group such as Construction, Operations and Finance. Regularly attend Real Estate Committee meetings and present new Greenfield sites to obtain ELT approval. Lead and inform team meetings with Operations, Construction, and Finance to ensure new locations are meeting construction budget and timeline. Effectively conduct trade area assessment, tactical strategy development and site selection to accomplish developmental goals and blueprint. Responsible for all aspects of the real estate transaction from initial concept through construction and school opening. Develop market strategies, market analysis, and execute research. Implement and execute development processes for targeted geographies. Collaborate with brokers, as required to research, and target strategic site opportunities. Monitor existing markets to understand evolving trade area trends and determine appropriateness for new development or repositioning. Review and coordinate all real estate documents and legal issues with Legal department. Negotiate with brokers, attorneys, landlords/sellers to develop letters of intent, leases, and real estate contracts for approved sites. Develops and maintains relationships with regional developers, municipal and state departments and agencies. Collaborate with Facilities and Construction to assure lease terms and conditions properly align with proposed project timelines and lease agreements.
Supervisory Responsibilities:
None.
Minimum Job Qualifications:
Bachelor’s degree required. Business or related study preferred. Master’s degree in Business Administration or Juris Doctorate preferred. 5+ years of national real estate development experience within national retail or multi-unit public company required. 5+ years’ experience in real estate site selection, negotiation and closing transaction required.
Other Skills and Abilities Qualifications:
Excellent customer service skills with both internal and external customers. Capable of working with frequent interruptions and changing priorities. Effective communication skills, written, verbal and interpersonal. Proficient time management, organizational skills, and ability to meet established deadlines. Knowledgeable in general real estate matters with understanding of excess property management and negotiating lease amendments. Demonstrated ability to manage external partners. Proven ability to negotiate and influence internal customers and external brokers. Excellent presentation skills and ability to communicate with and relate to all levels of the organization. Capable of creating executable real estate strategies. Strong ability to self-start, think creatively, lead others, and innovate. Skilled working in cross-functional teams leveraging critical and strategic thinking. Ability to work with project management software, i.e. Lucernex or similar database, Smartsheet and Microsoft applications. Capable of working with project management software.
Travel Percentage:
70% travel including auto and air.