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Director, Real Estate Acquisitions

Director, Real Estate Acquisitions

Valvoline Instant Oil ChangeNewton, MA, United States
12 hours ago
Job type
  • Full-time
Job description

Director, Real Estate Acquisitions

Henley Enterprises, Inc. (and associated entities) is a privately-owned Franchisee of Valvoline Instant Oil Change (VIOC) currently operating over 265 VIOC locations in Massachusetts, New Hampshire, Rhode Island, Maryland, Virginia, Delaware, Florida and California. The Company projects continued growth moving forward.

POSITION SUMMARY

This is a full-time, exempt (salaried) senior individual contributor position eligible for a remote (work from home) or hybrid (office and work from home) work arrangement based out of Henley’s main office in Newton, MA or west coast office in Southern California. The position is within the Corporate Development department reporting directly to the Executive Vice President, as well as working closely with the Chief Executive Officer on matters associated with acquisitions.

The Director, Real Estate Acquisitions responsibilities include (i) developing and maintaining strong relationships with real estate brokers, quick lube operators and industry contacts critical to Henley’s acquisition efforts, (ii) sourcing new store locations and business acquisition opportunities through established networks of brokers, developers and quick lube operators (iii) identifying target markets, analyzing the trade areas within those markets and evaluating a site’s potential based on key criteria and metrics (iv) drafting letters of intent, and (v) overseeing due diligence and closing efforts. The Director, Real Estate Acquisitions may provide input to strategic decisions that affect the functional area of responsibility and resolve issues requiring coordination within the department, other departments and Operations. The role works in close collaboration with the Chief Executive Officer and Executive Vice President, with potential opportunity to assume supervisory responsibilities within the Real Estate function. This position relies on experience in the field and / or related areas; familiarity with a variety of the Company’s practices and procedures; and sound judgment to plan and accomplish goals. Compensation range from $200K - $225K based on experience. With Bonus potential up to 25%

ESSENTIAL JOB FUNCTIONS INCLUDE BUT ARE NOT LIMITED TO

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job which include the following day-to-day duties :

Responsibilities

Relationship Management

  • Provide regular updates to certain members of Senior Leadership
  • Communicate effectively with all internal and external partners involved in the real estate and business acquisition process

Acquisitions

  • Develop and maintain strong relationships with real estate brokers, quick lube operators and industry contacts critical to the Company’s growth strategy
  • Build a strong pipeline of new store locations and business acquisition opportunities and execute the transactions that align with the Company’s growth strategy
  • Coordinate the drafting and negotiation of Letters of Intent, Purchase & Sale and Asset Purchase Agreements with the Legal Team
  • Oversee due diligence and closing efforts
  • Partner with Legal, Construction, Finance and Operations to ensure execution readiness at each stage of the transaction
  • Seek ways to improve the efficiency and effectiveness of the site selection and acquisition process
  • Travel regularly to gather market intelligence, understand acquisition and development opportunities and maintain on-the-ground visibility in markets where the Company operates

    • QUALIFICATIONS

    Skills and Competencies

  • Ability to effectively communicate with various audiences (senior management, peers, real estate brokers, quick lube operators, etc.)
  • Self-driven, initiative-taking and able to work independently while thriving in a collaborative team environment
  • Ability to identify target markets, analyze the trade areas within those markets and evaluate a site’s potential based on key criteria and metrics
  • Strong financial analysis skills
  • Organizational skills : ability to multi-task and manage workflow with focus on priorities and deadlines
  • Critical thinking : ability to understand and interpret zoning regulations, easements, CCR’s, etc.
  • Reliability : dependable, strong follow through, self-sufficient
  • Communication : clear, concise written and verbal communication skills
  • People skills : ability to work effectively with internal and external partners

    • Education and Experience Requirements

  • Bachelor’s degree in real estate, business or related field, or comparable work experience in Commercial Real Estate
  • 5-7 years in retail real estate with proven market planning, site selection and dealmaking experience

    • ENVIRONMENTAL & PHYSICAL REQUIREMENTS

  • 50% of work in a climate-controlled internal office environment working under normal office conditions
  • 50% of work visiting markets where the Company operates to gather market intelligence and understand acquisition and development opportunities
  • While performing the duties of this job, the employee is regularly required to sit, stand, walk, use hands and fingers to feel and handle, reach with arms and hands, see, talk and hear, as well as incidentally be required to stoop, kneel and crouch, lift weight or exert a force up to a maximum of 25 pounds

    • The above description is not intended to be an "all-inclusive" list of the duties and responsibilities of the job described, nor is it intended to be such a listing of the skills and abilities required to do the job. Rather, it is intended only to describe the general nature of the job.

    It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

    Henley Enterprises, Inc. and its affiliates are proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, national origin, gender, age, religion, disability, sexual orientation, veteran status, marital status, or any other characteristics protected by law.

    We participate in the E-Verify program.

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