Job Description

Real Estate Manager

Join our team and ignite your intention to make a difference. Together, we'll create an experience powerful enough to transform lives, including your own. Discover what happens when physical meets mindful.

We are fiercely committed to our core values of empowering everyone, practicing gratitude, building community, growing forward and laughing together. We embrace our differences and foster an inclusive space where everyone can reach their full potential. We uplift, inspire and guide one another. We make time to share the power of yoga together, celebrate milestones and find joy in the present moment.

Role Summary

Looking for a motivated, high-energy individual that has a passion for learning and contributing to a growing brand! The Real Estate Manager will build and maintain relationships with brokers and landlords and leverage those relationships to identify studios in existing and new cities that match Corepower Yoga's criteria for growth. They will be responsible for contributing 10 new studios to the company Pipeline each year. They will lead studio growth for various Central US markets and report to the Director of Real Estate. This individual will exhibit the Company's Core Values of Empower Everyone, Practice Gratitude, Build Community, Grow Forward & Laugh Together.

Essential Job Duties

Responsibilities include, but are not limited to:

• Creates and develops both short & long term (2-5 yrs) growth plan for various Central US markets and deliver to plan. Including 8-10 new studios each year in stated territory. Support other market planning efforts as required.
• Gather and evaluate financial, economic, demographic, and other market data to support real estate growth strategy.
• Negotiate the terms of letters of intent with brokers and landlords consistent with return objectives and operating standards. Provide necessary reporting outlining pipeline, probability and timing of deals.
• Build and manage the pipeline of potential sites in markets identified for expansion to ensure CPY achieves growth objectives.
• Prepare Real Estate Committee packages, including financial proforma, operational support, demographic intel and market level information. Strong financial and analytical skills necessary to present financial business case for new studios. Prior experience presenting sites in Real Estate Committee.
• Negotiate all provisions of leases with support of outside legal counsel.
• Utilize demographic software to support market growth.
• Tour potential sites to determine viability and alignment with strategy.
• Perform ad-hoc strategic and analysis in support of management.
• Support design and construction teams in communication with landlords and developers through the development life cycle.
• Strong ability to balance priorities against multiple deadlines and projects.
• Partner with cross-functional teams to ensure alignment on critical dates and opening objectives.

Education, Skills & Qualifications

• Bachelor's degree in relevant area of study- Real Estate, Finance, Accounting.
• 2-3 years commercial real estate experience with a multi-unit, multi-state concept.
• Exceptional ability to gather, analyze and present demographic and financial data in executive level reports.
• Experience with real estate analytic tools.
• Ability to manage outside consultants & cross-functional teams.
• Ability to travel, including overnight travel, up to 40%.

CorePower Yoga is sharing the transformative power of yoga with every mind, everybody, everywhere. We are the nation's largest yoga studio brand with over 200 locations across the country, digital livestream and on-demand classes, and thousands of passionate yoga teachers providing the opportunity for people to breathe, move and sweat together discovering the magic that happens when physical meets mindful.

We believe in the power of connecting with community, making a difference, and the power that is yours from the inside out.

This job description is not necessarily an exhaustive list of all responsibilities, skills, duties, requirements, efforts, or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, we reserve the right to revise the job or to require that other or different tasks be performed. CorePower Yoga is an equal opportunity employer of all qualified individuals, including minorities, BIPOC, LGBTQ+, veterans & individuals with disabilities.

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