Learning Care Group · 3 hours ago
Manager, Real Estate
Novi, MI
Full-time
Onsite
Mid, Senior Level
$88K/yr - $95K/yr
5+ years expLearning Care Group is a community-focused organization dedicated to caring for children and families. The Manager of Real Estate will oversee a significant portion of the company’s real estate portfolio, collaborating with various departments and stakeholders to achieve strategic goals and ensure the effective management of leases and property-related responsibilities.
E-LearningEdTechEducation
Responsibilities
Negotiate lease renewal/extension or lease termination terms, including amount to be paid, length/timing, tenant improvement allowances, critical lease clauses and/or landlord work, etc
Research properties including analyzing/determining the area market rents, nearby vacancy rates, positioning of the property’s location and its nearby competition, local demographics, economic information, etc
Prepare and/or review leases, lease amendments, renewal option exercises, letter agreements, notices, purchase, and sale agreements (PSAs), confidentiality and non-disclosure agreements (CNDAs), subordination, non-disturbance, and attornment agreements (SNDAs), estoppel certificates, legal descriptions, zoning restrictions, reciprocal easement agreements (REAs), surveys, planned unit developments (PUDs), title reports and declarations of covenants, conditions, and restrictions (CCRs), etc
Continual monitoring of critical dates, providing advance notice to management of upcoming decisions which need to be made and recommending appropriate action(s)
Assist in the timely review and authorization for payment landlord billings for rent (including CPI-based calculations), CAM, insurance, and real estate taxes. Forensically review amounts previously or currently being paid to landlords to identify possible errors or irregularities
Preparation of reports for and participation in periodic property/portfolio reviews, which can require detailed market research
Participate with internal partners in meetings to discuss strategy around existing schools for extension of term, merge on closure
Partner with Facilities team in obtaining Landlord approval for school construction projects & any other landlord approvals or action that would need to be taken to resolve a Facility issue
Research of and compliance maintenance with key lease provisions
Liaison with the Company’s landlords, handling virtually all incoming and outgoing correspondence, including the coordination of site inspections by landlords, lenders, and their agents; maintaining/enhancing relationship with landlords is critical
Plan, coordinate and manage the school closing and surrender process
Review opportunities for sale or sublease of surplus, underutilized or non-strategic assets, and where applicable, provide information to the Company’s brokers in this regard
Provide information to the Company’s consultants for the appeal of assessed values to minimize real property tax expense
Periodically will need to travel to corporate headquarters for meetings
Qualification
Required
Bachelor's degree in real estate or accounting, Finance, Business or Paralegal studies
Minimum 5 years of experience in multi-unit commercial real estate with a focus on asset management, lease administration, as a real estate paralegal, or in general commercial real estate development
Excellent customer service and follow-up skills with both internal and external customers
Capable of working with frequent interruptions and changing priorities
Effective communication skills, written, verbal and interpersonal. With both internal stakeholders and the landlord community
Proficient time management, organizational skills, and ability to meet established deadlines
Must be able to perform, with or without reasonable accommodation, all essential functions of the job
Working knowledge of lease administration databases/programs
Proficient in Microsoft Word, Excel, Co-Pilot, and Outlook
Detail-oriented when drafting LOIs, lease amendments, letter agreements and similar documents
Comfortable presenting and partnering with all levels of management
Ability to handle conflict with and complaints from landlords and field operations
Demonstrated data analysis, conceptual and problem-solving skills
Understanding and interpretation of location P&L statements
Familiarity with basic property maintenance, repair and construction terms, standards, and protocol
Resourceful negotiator (persistent to follow through/keep at it until favorable results are achieved)
Successfully handle large volume of daily activity while maintaining quality
Previous understanding of troubleshooting in a property management environment a plus
Preferred
Lucernex experience a plus
Benefits
50% childcare discount
Immediate access to benefits
Innovative health programs
401(k) company match
Ongoing training
Tuition reimbursement
Credential assistance
Master Teacher Program
Paid time off
Medical
Dental
Vision
Healthcare & dependent care flexible spending accounts (FSAs)
Life insurance
Disability
Accident
Critical illness
Hospital indemnity
Pre-paid legal
Pet insurance
Identity theft protection
401(k) retirement plan
Paid time off
Company
Learning Care Group
Learning Care Group is the Second-largest for-profit child care provider .
10001+ employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
PSP Investments
2018-03-13Series Unknown
2014-05-05Acquired
Leadership Team
John Bork
President, Chief Executive Officer
Adam Schober
Chief Financial Officer
Recent News
Company data provided by crunchbase