Associate Real Estate Manager

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 Associate Real Estate Manager will report to report to the Senior Real Estate Manager to support, facilitate, and coordinate the efforts of the Real Estate Manager and Development Team in the real estate development process for new Life Time projects.

Candidate must be self-motivated, driven and personable with the ability to multitask and function in a fast-paced team environment. Candidate must also uphold the Life Time Mission and Vision Statements.

Job Duties and Responsibilities

• Develops, leads and effectively executes strategies to support the service profit chain
• Leverage internal and external resources to deliver presentations, reports, and downloads to support Real Estate and Development’s efforts for successful market and site selection.
• Lead cross-department Project Team (from Project Initiation through permits) to provide leadership deliverables of deal process by being an integral part of the lease/purchase agreement.
• Draft LOIs, Work Letters, and Exhibits. Provide deal and legal comments to Real Estate and Legal teams on LOIs, PSAs, and Leases.
• Ensure process compliance. Hold Project Team accountable by identifying, communicating, and resolving budget/project risks for internal and external partners.
• Lead internal partners and external consultants from the preliminary site assessment phase to final site assessment including due diligence, scope narrative, business plan, entitlements, approvals, permitting, closing and turnover.
• Assist with the planning and management of the new club deployment strategy, market strategy, membership goals and US growth trends. Research national real estate micro and macro trends and proactively manage/ mine the region to discover deployment locations for Life Time Clubs, Co-working, and Living.
• Understand and facilitate internal requests and initiatives to meet the needs of the Life Time Member and Club Operations.
• Effectively communicate and problem solve between external owners and internal team members regarding site/development constraints.
• Collaborate with Location Intelligence team to analyze market trade area demographics, competition, travel patterns, and other factors necessary to assess site viability and club amenities that deliver a club project that serves the health and wellness needs of the market.

Position Requirements

• Bachelor’s Degree or Master’s Degree in a related field
• 2 – 5 years of related experience
• Ability to effectively multi-task with tight deadlines independently and within a team environment
• Ability to operate a personal computer
• Experience reviewing purchase agreements and leases
• Public speaking and presentation skills in both large and small groups
• Knowledge of standard office procedures and computer software
• Direct and decisive oral and written communication skills
• 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

Pay

This is a salaried position starting at $85,000.00(or applicable minimum salary, if higher) and pays up to $117,000.00, based on experience and qualifications.

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.