The Regional Franchise Real Estate Manager will provide site selection and deal making expertise and guidance to our franchisees. Working with the VP of Development Services, this individual will create and implement a strategic plan for the assigned region, driving profitable growth for our franchisees and brand.
JOB RESPONSIBILITIES
- Develop and manage market plans for your region to maximize development opportunities and optimize profitable new unit growth.
- Work alongside Franchisees and brokers to identify, negotiate and secure real estate sites.
- Establish and maintain landlord relationships with brand education and review their available sites for possible securing as well as connecting landlords with Franchisees where sites are available.
- Review letters of intent and leases.
- Create and present site acceptance packages at Development Steering Committee.
- Oversee and deliver annual net new unit targets; track and forecast the new unit pipeline using critical milestones and deliverables.
- Track with franchisees their broker performance and assist in securing replacement brokers as needed.
- Utilize, manage, optimize, review, and maintain market plans in the SiteWise software platform. Consistently use tools to update and optimize development plans, including identifying new markets for growth.
- Create and maintain mapping templates in SiteWise for Development Steering Committee presentations and site approval packages.
- Manage relationships with existing franchisees and support their expansion plans.
- Communicate cross-functionally with other departments and leadership levels as needed for approvals and lifecycle coordination.
REQUIRED QUALIFICATIONS / EXPERIENCE
- Bachelor of Science Degree in Real Estate, Architecture, Construction Management, or other related discipline required
- 3 - 5 years of experience in the commercial real estate industry facilitating transactions for a large national brand; retail or fitness experience is a plus
- Experience using real estate analytics mapping software required
- Experience and proficiency in real estate knowledge required to perform in the role, including deal negotiation, lease review, multi-unit development, networking, contract management, site analysis, and project management
- Comprehensive understanding of all construction/lease/ landlord related contracts and commitments, including LOI and Landlord work-letter
- Knowledge of development analysis, real estate, market planning, development scheduling, and general financial analysis
- Possess self-motivation, business acumen, in depth analytical skills, strong detail orientation, and execution skills necessary to efficiently and effectively complete and manage projects.
- Strong oral and written communication skills
- Certification in real estate is a plus.
- Must be able to travel
TRAVEL REQUIREMENTS
Approximately 40% travel is required
Why Join Orangetheory Corporate?
We offer a competitive salary along with exceptional benefits such as:
- Free workouts at corporate studios & discounted classes at franchise owned studios
- Healthcare Benefits: Medical, Dental, Vision among many other supplemental benefits
- Employer Paid Benefits: Long-Term Disability and Life Insurance
- 4 weeks of Paid Time Off + Designated Birthday & Charity PTO
- 11 Paid Holidays
- Up to 12 Weeks of Fully Paid Parental Leave
- Education & Tuition Reimbursement
- State-of-the-Art Wellness Center at The Grove which includes 2 complimentary professional massages per year
- 401k Plan with Employer Contribution
- Discounts on Orangetheory Fitness Retail
- Employee Resource Groups (ERGS)
- Flexible, Hybrid Work Schedules
- Team Building, Employee Engagement activities and so much more
WORK SCHEDULE
Orangetheory Fitness currently observes the following hybrid work model for employees at our Boca Raton, FL and Seattle, WA offices:
- Remote optional: Mondays and Fridays
- On-site days: Tuesdays, Wednesdays, and Thursdays
DIVERSITY, EQUITY, AND INCLUSION STATEMENT
Orangetheory is committed to encouraging, facilitating, and upholding an environment centered on diversity, equity, and inclusion across every facet of the Orangetheory brand. We will work to create a sustainable culture that supports a healthy space for learning and growing, valuing, and empowering every employee, inspiring a diverse franchise network, and uplifting the members and communities we serve.
EEO STATEMENT
Orangetheory Fitness provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Discrimination of any type will not be tolerated.
