Senior Asset Manager

PureGym Group is a leading gym operator headquartered in the UK, with 700 locations and over 2 million members worldwide. We are expanding into the United States and remain committed to providing high-quality, affordable gyms for everyone in a friendly, warm, and inclusive environment.

About the role

PureGym US is growing its presence along the Eastern Seaboard. The Senior Manager of Real Estate Asset Management will optimize a portfolio of leased properties by leading negotiations, managing lease administration, advancing portfolio optimization initiatives, and partnering with internal and external stakeholders to protect PureGym's interests and create value.

Location: Open to Northern Virginia, The District of Columbia, Maryland, Delaware, Southeast PA, NJ, New York City, The Hudson Valley, or Long Island

Type: Full Time, Permanent

Travel: Up to 25% to clubs across the portfolio. Expected to come to Manhattan Office once per month if based outside of the NYC MSA.

Responsibilities

• Manage a portfolio of real estate assets in support of company objectives and portfolio optimization strategies.
• Lead and support negotiations with landlords, lessors, brokers, consultants, and other external parties covering rent reductions, lease renewals, lease modifications, buyouts, purchase options, rights of first refusal, and other value-creation opportunities.
• Review, analyze, and prepare real estate documentation, including leases, subleases, amendments, notices, estoppels, SNDAs, purchase option materials, and related legal and portfolio records.
• Receive, track, and communicate notices related to owned and leased properties, including club opening and closing notices, kick-out and co-tenancy provisions, and landlord communications.
• Review and validate CAM reconciliations, operating expense pass-throughs, real estate taxes, and insurance charges, challenging landlord billings where PureGym is over-charged.
• Support business requests involving common area maintenance, new product and service offerings, club amenity additions, signage and exterior modifications, and other asset-related obligations under the lease.
• Interpret lease provisions governing repair, maintenance, and service responsibilities, and advise internal teams on where obligations sit between PureGym and the landlord.
• Partner with internal business units, senior leadership, legal counsel, club operations, finance, and construction teams to resolve issues and advance company interests.
• Follow up with outside counsel, brokers, consultants, vendors, and landlords on active matters, disputes, vacant space opportunities, asset dispositions, and special projects.
• Participate in budget preparation, due diligence for new sites and acquisitions, strategic planning, process improvement, and special projects across the portfolio.
• Supervise external consultants and vendors to ensure performance aligns with PureGym standards, priorities, and objectives.
• Maintain confidentiality and discretion in all real estate matters, and contribute to team goals, financial targets, and key result areas.
• Perform other duties as assigned.

Requirements

• Bachelor's degree in law, business, finance, real estate, or a related discipline; equivalent combinations of education and relevant experience will be considered.
• Five to seven years of relevant experience in real estate, lease administration, asset management, legal documentation, portfolio management, negotiations, or a related field.
• Strong experience working with the legal sphere of real estate, with the proven ability to work with and manage attorneys.
• Demonstrated experience reviewing leases, amendments, notices, property documents, and other real estate agreements.
• Strong proficiency with Microsoft Outlook, Excel, PowerPoint, Word, and Teams.
• Ability to communicate effectively with internal and external stakeholders, including senior leadership, landlords, attorneys, consultants, brokers, and club teams.
• Highly organized and detail-oriented, with the ability to manage competing priorities in a fast-paced environment with limited supervision.
• Strong writing, analytical, negotiation, problem-solving, and follow-up skills.

Preferred Qualifications

• Experience in retail, hospitality, or another multi-site consumer business.
• Working knowledge of lease administration or IWMS platforms.

Benefits

• Medical
• Dental
• Vision
• Short-Term Disability
• Life Insurance
• EAP
• Legal and Identity Theft Protection
• 401K Retirement Plan

Pay

$140-180k