The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Director Real Estate Operations

Director Real Estate Operations

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Providence
 RI
Postal Code
02904
Country
United States

This job is no longer active.

Description


OVERVIEW

AAA Northeast currently maintains a physically and geographically diverse (urban and suburban) portfolio of over 100 properties (owned and leased) in excess of 900,000 square feet and valued around $200M. The portfolio consists of corporate and regional offices (6 locations), multiple call centers (6 locations), a significant number of member facing retail branches (71 locations), and several fleet garages and repair facilities (16 locations). Accordingly, responsibilities include real estate acquisitions, dispositions, lease negotiations, site analysis, location planning, accounting, property management, and tenant and landlord relationship management.

RESPONSIBILITIES

  • Manage the Club’s real estate strategic planning process, including leading any negotiations as it pertains to property acquisitions, dispositions, or leasing efforts (both as tenant and landlord).
  • Oversee the asset management function for AAA Northeast’s real estate portfolio.
  • Work in concert with and maintain working relationships with internal stakeholders/departments (Finance & Accounting, Legal Department, Facilities Management, and Individual Business Lines).
  • Manage the day-to-day operations of the company’s “non-core” real estate portfolio.
  • Continuously analyze the Club’s operations, business strategies, membership needs; and recommend appropriate locations for AAA’s physical presence in specific markets that it operates in.
  • Developing and maintaining effective working relationships with external stakeholders including landlords, tenants, brokers, community partners, and other parties while representing AAA on all real estate opportunities.
  • Preparing comprehensive market/site feasibility and evaluation packages and proposals including book and cash flow financial models, including IRR and NPV calculations, budgets, and analyses for comparison of leasing, ownership, investment.
  • Prepare annual operating and capital budgets.
  • Coordinates with local management to ensure a smooth transition when opening new locations for the Club.
  • Oversees rehabilitation and build-outs of locations to meet the Club’s design standards, schedules, and timelines, which includes establishing project plans, involving the appropriate staff, and ensuring adherence to plans.
  • Hosts monthly real estate meetings with executive leadership.
  • Work with Human Resources and Facilities Management to develop a post-COVID real estate strategy for the Club.
QUALIFICATIONS

  • Successful completion of a full 4-year course of study in an accredited college or university leading to a Bachelor's or higher degree; OR appropriate combination of education and experience.
  • Minimum of six years of direct experience with real estate transactions including evaluation, sale, leasing and management of owned and leased properties.
  • Minimum of six years direct experience negotiating lease terms and relevant experience reviewing legal documents.
  • Background and comprehension of the real estate industry and, in particular, investment management, with a solid understanding of asset management for value maximization.
  • Ability to effectively build relationships with stakeholders and negotiate with the Club’s best interest in mind.
  • Experience working with and managing multiple asset types.

 

AAA Northeast is driven by the diverse talents, skills, passions and expertise of our team. We’re continuously expanding and redefining our innovative products and services to create the best experiences for our members. As we continue to grow, our mission remains the same: helping and serving is a way of life. It’s why we’ve earned the trust of millions, and why AAA Northeast has remained a resilient and reliable brand for over a century.

 
 

Experience


2+ to 5 years


This job is no longer active.

Corporate Real Estate Retail Providence Full Time RI Financial Analysis, Leasing, Property Management Director Real Estate Operations other