VP of Real Estate

Full Time
West Palm Beach, FL 33406
Posted
Job description

Off Lease Only LLC is seeking a Vice President/Director of Real Estate with a home base out of West Palm Beach, FL!

The Vice President/Director of Real Estate represents the Company in strategic real estate decisions and transactions. The Vice President/Director has primary leadership responsibility for driving strategies and store growth opportunities, optimizing the real estate portfolio, evaluating store expansions, and redevelopment projects and makes recommendations to executive management.

Responsibilities:

Principal driver and owner of new store initiatives and execution of store development strategies. Duties include a leading role in site review and acquisition, due diligence, entitlements, legal documentation, project coordination, tracking, and reporting on applicable project management systems.

  • Leads and oversees development and updating of annual 3 year strategic plans in each market. Takes ownership and lead responsibility for development of comprehensive strategic real estate plans for the region. Not only sees the big picture, but develops a strategy, obtains executive support, and executes the strategy.
  • Initiates and completes real estate transactions of varying types and degrees of difficulty including self-development and mixed-use redevelopment projects.
  • Works closely with the design and planning team, and construction manager to timely obtain governmental approvals and complete store openings. Represents the Company in discussions and negotiations with planning commissions, city councils, planning departments and other public agencies. Acts as a primary contact for inquiries regarding information on the project.
  • Stays well versed on market dynamics in the Company’s markets including current and future changes to: public infrastructure, competition and demographics. Understands basic sales forecasting methodologies.
  • Understands and abides by company policies broadly, as well as those relative to the production of legal documents.

General Requirements:

  • Bachelor's degree required with emphasis in Real Estate, Finance, or General Business. MBA preferred.
  • 10-15 years of increasing responsibilities and relevant experience in corporate retail real estate, with automotive retail experience a plus.

Skills and Experiences:
Strategy and Planning

  • Strategic, forward looking thought leader with ability to develop, shape, and influence real estate plans and strategy.
  • Proactive self-starter with an owner/investor/developer attitude with great instincts for value.
  • Superior expertise in real estate concepts including complicated financial models, negotiations, and documentation, with the experience to close deals.
  • Has built and established a broad real estate network which enables them to be resourceful and arrive at solutions quickly.

Store Growth

  • Knowledge of local and regional real estate activities.
  • Knowledge of land use regulations and the political and governmental processes governing real estate development.
  • Creates, manages, and executes the development plan to meet Company returns and goals.
  • Maintains command of details including project status and ability to drive projects to successful conclusion.
  • Working knowledge of design and construction processes including fixture plans, site plans, project schedules and development plans.

Leadership and Communication

  • Excellent communication skills both written and verbal.
  • Demonstrated skills and experience in coaching and leading staff.
  • Reviews, recommends, and submits presentation packages for executive approval.
  • Ability to partner with and influence executive management.
  • Team player able to lead internal and external teams in a fast-paced automotive retail environment.
  • Integrity and professionalism to represent the Company's interests and needs to outside investors, professionals, and vendors as well as teammates.
  • Always acts in a professional and timely manner and continually delivers exceptional customer service.

Portfolio Optimization

  • Seasoned and well-honed financial skills able to apply financial modeling techniques and critical analytical frameworks to solve for effective real estate decisions and outcomes.
  • Experienced dealmaker with strong negotiation skills and the ability to negotiate multimillion dollar transactions to a successful conclusion.

Computer Related skills

  • Expertise in MS Office: Word, Excel, Outlook, PowerPoint, and web-based mapping and tracking software developed internally to analyze, quantify, and recommend transactions.

TRAVEL REQUIREMENTS:

  • 35% - 70% travel depending upon projects underway

Off Lease Only is a drug free workplace. All applicants will be subject to a drug screen and background check. Off Lease Only is an Equal Opportunity Employer and administers all employment practices without regard to race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity or expression, marital status, veteran status, genetics or any other category protected under law.

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