Real Estate Director

$125,000 - $145,000/Yr

Discover Goodwill Of Southern & Western Colorado - Colorado Springs, CO

posted 2 months ago

Full-time - Mid Level
Colorado Springs, CO
Truck Transportation

About the position

The Director II of Real Estate at Goodwill of Colorado is a pivotal role responsible for leading the organization's efforts in scouting and developing successful new locations. This includes site selection, lease negotiation, market analysis, and effective management of both internal and external relationships and teams. The position requires collaboration with key stakeholders to execute the Real Estate Strategic Plan effectively. The Director will oversee the negotiation of new leases, property acquisitions, and other real estate transactions, ensuring that the company's goals for the execution of the strategic plan are met or exceeded. This role also involves performing feasibility analyses of potential projects and collecting and analyzing due diligence materials for potential acquisitions. The Director will lead the scouting of new locations for various business lines and redevelopment opportunities, working closely with financial analysts to analyze return on investment (ROI) and develop proformas for property purchases and sale/leaseback opportunities. In addition to these responsibilities, the Director will act as a liaison between Goodwill and external real estate brokers, manage relationships with property owners, sellers, landlords, and municipal representatives, and oversee efforts related to rezoning and special use permits. The role requires the ability to create presentations for leadership and the board regarding real estate proposals and strategic plans, as well as managing the annual budgets for the real estate department. The position is hybrid, requiring some weekends and evenings, and involves physical demands such as lifting, carrying, and driving for company business.

Responsibilities

  • Lead efforts around scouting and developing successful new locations through site selection and lease negotiation.
  • Oversee negotiation of new leases, property acquisitions, and other real estate transactions.
  • Perform feasibility analysis of potential projects and partner with key stakeholders including finance, retail, and senior management.
  • Collect and analyze due diligence materials and reports for potential acquisitions.
  • Lead scouting of new locations to purchase/lease for various business lines.
  • Lead scouting of redevelopment and new development opportunities for Goodwill locations and other tenants.
  • Work with financial analysts to analyze ROI and develop proformas for property purchases and sale/leaseback opportunities.
  • Work directly with property owners, sellers, landlords, municipal representatives, and other real estate professionals involved with the development of new and existing locations.
  • Negotiate leases and contracts in the company's favor successfully with legal representatives.
  • Oversee efforts related to rezoning and special use permits with city/county departments.
  • Act as point of contact and liaison between Goodwill and external Real Estate brokers in other markets.
  • Manage and select architects, and approve blueprints, site plans, and space plans in conjunction with key stakeholders.
  • Supervise Geographic Information System (GIS) and Data Analysis Specialist.
  • Create presentations to leadership and board regarding real estate proposals and strategic plans.
  • Determine allocations of responsibility of leased properties including CAM charges and legal liability.
  • Work with FP&A on reconciling real estate related expenses and verify invoices as needed.
  • Create annual budgets for the real estate department.

Requirements

  • Baccalaureate Degree in Business, Finance or a similar field is required; Master's degree preferred.
  • Minimum of 5-10 years' experience in commercial real estate.
  • Colorado Real Estate or Broker license preferred.
  • General retail and warehousing experience is a must; big-box retail development experience is preferred.
  • General commercial construction knowledge is required.
  • Minimum of 5 years experience with lease and contract negotiations, redlining.
  • Experience with real estate entitlements, permitting processes, and due diligence.
  • Minimum 5 years performing complex financial analysis of real estate, including present value, optimal capital structure, break-even analysis, lease vs. purchase, and various ad hoc proforma financial analyses.
  • Minimum 5 years experience working with architects, engineers, and general contractors on new construction and renovation of existing properties.
  • Familiar with GIS system functionality including geofencing and site selection analysis.
  • Experience with Placer.ai preferred.
  • Experience working with executive leadership and board members.

Nice-to-haves

  • Experience with Placer.ai preferred.

Benefits

  • Medical, Dental, Vision insurance
  • Short Term Disability
  • Life/Accidental Death and Dismemberment insurance
  • Flexible Spending Accounts
  • Long Term Disability
  • Voluntary supplemental benefit offerings
  • Paid time off including vacation, sick leave, holiday, floating holiday, jury duty, and bereavement leave
  • Pre-tax or post-tax (Roth) contributions to retirement plan
  • Public Service Loan Forgiveness Program (PSLF) eligibility.
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