Real Estate Manager

About the role

At Dutch Bros Coffee, we are more than just a coffee company. We are a fun-loving, mind-blowing company that makes a difference one cup at a time. The Real Estate Manager is responsible for managing and facilitating projects through the site selection process, into design, and supporting through shop opening. This role also drives markets and tracks competitors, retail activity, and growth patterns. In addition, this position will foster relationships with HQ departments, community leaders, government officials, brokers, landlords, Build-To-Suit Developers and vendors in a manner consistent with Dutch Bros’ values.

The Real Estate Manager must have the ability to work independently and as part of a team, have outstanding organizational skills, adapt easily to change, and be able to meet stringent deadlines. This person must be a tenacious project manager that is task-oriented and follows through in order to manage their market territory efficiently. Above all else, this person serves as a Director of First Impressions by having a positive attitude and outlook on life and exemplifying the Dutch Creed.

Responsibilities

• Secure sites at a level to meet company growth goals each year (lease signed, site approved, plans started, and shops opened)
• Drive markets and track competitors, retail activity, and growth patterns
• Utilize GIS system for demographic and modeling information to develop a growth plan as well as gain industry knowledge and experience
• Maintain awareness of all site opportunities in market areas
• Negotiate LOIs and assist in lease negotiations when needed with legal team, franchise partner and landlord, as applicable
• Review and complete Real Estate Committee (REC) Presentation to ensure adequate information is distributed to the REC for final review and acceptance/rejection
• Use field site review time to continue education of Franchisees and Operating Partners in effective site selection
• Complete field review of all sites submitted by Franchisees and Operating Partners in defined territory within a prescribed time frame, as applicable
• Partner with construction to aid in communications with landlords/developers as well as meeting deadlines and financial feasibility
• Open new markets each year as directed by the Real Estate Committee
• Maintain network of brokers to assist with site acquisition in all target development markets
• Provide timely and accurate updates on status of all development activities within assigned territory
• Provide growth plans as a roadmap for company and franchise partner development
• Foster relationships with HQ departments, community leaders, government officials, brokers, landlords and vendors in a manner consistent with Dutch Bros values
• Maintain continual communication with HQ departments to keep them aware of site opportunities and assist with their development needs
• Respond to verbal and written communication from all contacts in a professional and timely fashion
• Utilize ICSC, Retail Live and other retail conferences to educate outside partners on site requirements and help source site opportunities to fulfill development efforts
• Work with Construction, Ops support, Administration and pre-opening support to ensure smooth, timely and successful store openings
• Closely interact with the architecture and design teams to ensure the plan development process is timely and that the Franchisees and Operating Partners stay on their development timeline

Skills

• Site Selection and Evaluation
• Negotiation and Deal Making
• Real Estate Market Knowledge
• Legal and Regulatory Compliance
• Relationship Building
• Project Management
• Communication
• Analytical and Problem-Solving Abilities

Requirements

• Bachelor’s degree in a related field, or equivalent experience
• Minimum of 5 years of commercial real estate-related experience
• Knowledge of build-to suits, leases, land use, development processes, building permits, and construction project management is a plus
• This position requires driving; a minimum of 40% of time will be spent traveling

Location Requirement

This position is eligible for remote work in New York.

Physical Requirements

• Occasionally move or lift office items
• Must be able to work in an office environment
• Must be able to communicate in an effective manner to perform job duties
• Vision must be good or corrected in order to perform essential job duties
• Hearing must be good or corrected in order to have the ability to understand information to perform essential job duties
• Ability to read and write in English in order to process paperwork and follow up on any actions necessary
• Constantly operates a computer and other office productivity machinery, such as calculators, copy machines, computers, and office equipment

Compensation

DOE