Senior Real Estate Manager (Non-Traditional)

$127,000 - $178,500/Yr

Panda Express - Los Angeles, CA

Full-time - Senior

Los Angeles, CA

1,001-5,000 employees

Food Services and Drinking Places

About the position

The Senior Real Estate Manager plays a crucial role in the strategic planning and site acquisition for the Real Estate Department at Panda Restaurant Group. This position is responsible for identifying potential store locations, negotiating contracts, and ensuring successful store openings. The Senior REM will also manage and develop junior team members and lead significant projects, contributing to the overall growth and success of the company.

Responsibilities

• Locate potential Panda store sites or non-traditional sites within assigned geographic area by building relationships with the real estate community.
• Oversee preparation of market studies on the desirability of sites according to established guidelines, procedures, and policies.
• Negotiate site acquisition and present potential sites to the Real Estate Site Acquisition Committee (RESAC) for approval.
• Finalize contract terms in collaboration with Legal, Operations, and RD for approved sites.
• Work with Licensing on contract terms for non-traditional sites.
• Ensure that RESAC packages are organized and delivered to leadership on a timely basis.
• Meet or exceed approval plan and ensure store openings achieve or exceed RESAC approved sales.
• Proactively conduct site tours with brokers and operations team.
• Consistently update all required tracking documents and department resources (Expesite, Sitewise, etc.).
• Develop and maintain strong relationships with Operations, Legal, RD, and Licensing related to site acquisition and development.
• Attend operations team meetings and communicate frequently and effectively.
• Contribute to strategic planning for the Real Estate Department and maintain elevated leadership and visibility within RD; may lead major projects.

Requirements

• Bachelor's degree in Real Estate, Business, or a related field required.
• Minimum seven years of real estate-related experience, preferably in the retail/hospitality environment, with a strong track record of store openings and approvals.
• Supervisory experience preferred.
• Successful completion of initial and periodically required trainings.
• Obtaining a valid Food Handler's Card within 30 days of employment is a requirement.

Benefits

• 401(k) matching
• AD&D insurance
• Bereavement leave
• Dental insurance
• Disability insurance
• Gym membership
• Health insurance
• Paid time off starting at 15 days with 7 federal holidays
• Continuous education assistance and scholarships
• Income protection including Disability, Life and AD&D insurance