Real Estate Manager

Life Time Property Development is the real estate development, construction, and architecture arm of Life Time℠ – The Healthy Way of Life Company which operates centers in more than 29 states and Canada. Since 1998 we have designed, built, and remodeled over 9.5 million square feet of resort-like sports, professional fitness, recreation, and spa destinations.

Position Summary

The Real Estate Manager is assigned markets within the U.S. or Canada strategically locating and acquiring sites for new Life Time Athletic clubs or Health Way of Life mixed-use developments. The Real Estate Manager will collaborate with architecture, construction, legal, operations and development departments through the club opening.

Responsibilities

• Visits new markets and creates market/trade area deployment strategies for new locations.
• Provides market studies and trade area analysis for new facility development.
• Monitors assigned trade areas for future development projects.
• Develops and maintains an effective broker network and works brokers to locate land that meets the needs of Life Time
• Pursue high quality sites for new facility development utilizing fact-based decision logic and to meet investment metrics.
• Review potential sites, including demographics, accessibility, utilities, land composition and location to ensure it meets the benchmarks for a new Life Time Athletic.
• Writes business plan to be presented to Board of Directors for approval describing the market and potential opportunity
• Assesses local competition in the area, including what competitors are located near potential sites, weather they are significant competition, what amenities they offer and their current membership rates.
• Negotiates Letters of Intent, Purchase Agreements, and Leases
• Facilitates Civil Engineering, site planning and entitlement process once land has been purchased
• Conduct site visits with Senior Vice President of Real Estate and Development and Senior Management for approval on selected sites
• Coordinate dispositions of excess property as necessary

Minimum Qualifications

Education:

• Four-year college degree in a related field

Experience:

• Five to Eight years of Real Estate analysis and acquisition experience
• Two years of management experience

Licenses / Certifications / Registration:

• None required

Knowledge, Skills, Abilities and Other Characteristics

• Ability to multi-task and learn quickly
• Ability to operate a personal computer
• Knowledge of standard office procedures and computer software
• Outstanding oral and written communication skills
• Ability to effectively multi-task with tight deadlines independently and within a team environment
• 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

Physical / Mental Requirements and Working Conditions

Work is performed primarily in an office setting, with frequent travel required. This position is required to regularly:

• Stand, walk and sit
• Talk or hear
• Use hands to finger, handle or feel
• Read, write, type and comprehend text
• View objects up close and at a distance
• Effectively communicate and interact with others
• Use reasoning and solve problems through deduction

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.