Real estate associate Jobs in Minneapolis, MN

The Real Estate Team is a significant part of the growth engine of our company. We thrive on finding the best property and markets to expand our portfolio of Athletic Resort destinations. We work side by side with our Team Members in the Property Development group by leveraging continual collaboration throughout the life cycle of each project. When you join our team, you are joining a group of fun and talented people. We offer an incredible benefits package, generous club discounts, and a fully subsidized Signature Life Time membership.

Position Summary

Manages an assigned market within the U.S., strategically locating and acquiring sites for new Life Time Athletic clubs. The Associate Real Estate Manager will collaborate with brokers, architecture, construction, legal, operations, and development departments through the club opening. The Associate Real Estate Manager leads a cross-functional internal team and external consultants through the preliminary site and building assessment, due diligence, scope setting, business plan, approvals, permitting, and closing processes. The Associate Real Estate Manager combines leadership and interpersonal skills with technical land and existing building evaluation expertise to identify strategies for obtaining approvals and guide the project team through internal processes.

Responsibilities

• Review potential sites, including demographics, accessibility, utilities, land composition, existing space, and location to ensure they meet the new Life Time club benchmarks.
• Evaluate existing conditions of buildings to lead pre-construction teams through estimating exercises.
• Assist in negotiating Letters of Intent, Purchase Agreements, and Leases.
• Assess local competition in the area, including what competitors are located near potential sites, whether they are significant competition, what amenities they offer, and their current membership rates.
• Act as liaison between brokers and internal teams (pre-construction, development, finance, architecture, and legal) to coordinate a successful project from site identification to grand opening.
• Conduct site visits with leadership for approval on selected sites.
• Support the Real Estate team in evaluating the feasibility of new projects prior to PSA / Lease.
• Lead, coordinate, and manage the pre-construction team's work efforts.
• Work with internal teams and external consultants to find cost efficiencies.
• Manage cross-functional teams to deliver projects through due diligence to grand opening.

Minimum Qualifications

Education :

Requirements :

Knowledge, Skills, Abilities, and Other Characteristics

This is a salaried position starting at $58,000.00 and pays up to $80,000.00, based on experience and qualifications.

Benefits

All team members receive the following benefits while working for Life Time :

Full-time Team Members are eligible for additional benefits, including :

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.