Director of Real Estate - East
Dutch Bros Coffee
It's fun to work in a company where people truly believe in what they are doing. 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.
Position Overview
The Director of Real Estate assists the VP of Real Estate with trade area mapping and assessment, demographics research, site sourcing, site assessment, site negotiation, site documentation, and relationship management within North America. This role participates in project meetings and creates or prepares Real Estate Site Packages in the preparation of the real estate site approval by management. The role entails the use of GIS tools, Lease Management, and other tools related to Real Estate. This role also manages the business relationships with both external and internal partners: real estate developers, brokers, landlords, lawyers/legal counsel, government authorities or interested members of the public sector (as external partners), and the different departments/units i.e. Operations, Finance, Marketing, etc. (as internal partners). In addition, this role also conducts sales forecasts/store/site dilution studies/financial analysis for evaluation by management and participates in special projects as needed.
Key Result Areas (KRAs)
Lead and supervise a team of Real Estate Managers based remotely throughout the US:
Serve as a real estate point of contact for Dutch Bros subsidiaries/businesses.
Lead/manage/handle lease negotiation and renegotiation -negotiate LOIs (letters of interest), Ground Leases, and potential Purchase/ Agreements in collaboration with outside legal counsel to acceptable company standards.
Provide professional real estate expertise within the specified market both to internal and external customers.
Lead the Real Estate Management team through recruiting, development, retention, coaching and support, performance management, and managerial activities.
Share real estate expertise to support work efficiencies and productivity.
Assist with trade area mapping and assessment, demographics research, site sourcing, assessment, negotiation, documentation, and relationship management:
Conduct trade area mapping assessment, site sourcing, and research, and seek to understand local market dynamics pertaining to a potential new store or a current location within North America.
Select and manage local brokers to implement New Market strategies and identify sites.
Conduct thorough sales projection and financial analysis for new stores and strategic dilution of existing stores.
Prepare, tour, and present real estate packages to the management committee for approval.
Manage the business relationships with both external and internal partners:
Work extensively across internal functions and with external partners, including, but not limited to operations, finance, store development, marketing, developers, brokers landlords, governmental authorities, and any other interested members of the public.
Provide professional real estate expertise within the specified market both to internal and external customers.
Negotiate LOIs (letters of interest), Ground Leases, and potential Purchase Agreements in collaboration with outside legal counsel to acceptable company standards.
Manage the business relationships with both external and internal partners: Real Estate Developers, Brokers, landlords, lawyers/legal counsel, government authorities or interested members of the public sector (as external partners) and the different departments/units i.e. Operations, Finance, Marketing, etc. (as internal partners).
Other duties as assigned
Job Qualifications
Bachelor's degree in Business Management, Economics, or any equivalent related field, or 4 additional years of experience, required
5+ years of experience in real estate research or management, site acquisition, required
Proficient in MS Applications (MS Word, Excel, PowerPoint); knowledge in the use of GIS tools.
This position requires driving, when necessary
Skills
Negotiation
Project Management
Contract Management
Real Estate Development
Financial Acumen
Real Estate Strategies
Leadership
Regulatory Compliance
Market Knowledge
Presentations
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
This position is preferably based in Atlanta, Georgia, but we are open to remote candidates located in large metropolitan areas in the Southeast such as Charlotte, NC or Orlando, FL.
Compensation:
DOE
If you like wild growth and working in a unique and fun environment, surrounded by positive community, you'll enjoy your career with us!