[Hiring] VP - Real Estate @Ancora Education

Role Description

The Vice President (VP) of Real Estate reports to the SVP of Operations and works closely with the Senior Leadership Team, external Real Estate Services, and legal counsel. This pivotal role is responsible for developing and executing real estate strategies that directly support the company's growth objectives, with a significant focus on:

• Facilitating the successful launch of facilities for new programs
• Proactively managing current and future lease obligations
• Driving expansion through greenfield development and strategic acquisitions across the enterprise

Key Responsibilities include:

• Strategic Real Estate Planning: Develop and implement comprehensive real estate strategies aligned with the company's overall business plan, focusing on supporting the rollout of new trade programs across various locations.
• Landlord Relations: Serve as the primary point of contact for all landlords, fostering strong and collaborative relationships, negotiating lease agreements, amendments, and renewals, and resolving landlord-tenant issues effectively.
• Program Launches: Partner closely with the Senior Leadership Team, Campuses, and Functional departments to understand real estate requirements for program launches, ensuring alignment with program-specific needs.
• Lease Management and Administration: Oversee the management of the company's existing real estate portfolio, including proactive monitoring of lease terms and obligations.
• Greenfield Development: Lead the identification, evaluation, and execution of greenfield development projects, ensuring projects are completed on time and within budget.
• Acquisitions and Dispositions: Identify and evaluate potential real estate acquisition opportunities, manage the due diligence process, and oversee the disposition of underperforming or non-strategic assets.
• External Partner Management: Manage the relationship and performance of the external Real Estate Services Company, collaborating with external legal counsel on real estate transactions.
• Financial Management and Budgeting: Develop and manage the annual real estate budget, ensuring cost-effectiveness and maximizing return on investment.
• Cross-Functional Collaboration: Work closely with various verticals to ensure seamless integration of real estate strategies with overall business operations.
• Risk Management and Compliance: Ensure all real estate activities comply with relevant laws, regulations, and company policies.

Qualifications

• Bachelor's degree in Real Estate, Business Administration, Finance, or a related field.
• Minimum of 5 years of progressive experience in commercial real estate management.
• Proven experience in supporting the launch of new business initiatives through strategic real estate planning and execution.
• Deep understanding of commercial lease agreements, real estate law, and market dynamics.
• Demonstrated success in managing complex real estate transactions and projects.
• Strong financial acumen, including budgeting, financial analysis, and investment evaluation.
• Excellent negotiation, communication (written and verbal), and interpersonal skills.
• Ability to build strong relationships and influence stakeholders at all levels.
• Proven ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
• Proficiency in real estate software and technology.
• Travel up to 50% or as needed by business demand.
• Willingness to work nights, weekends, and/or holidays.
• Ability to communicate effectively and provide a positive, professional impression to diverse backgrounds.
• Ability to work and succeed individually and as part of a team in a highly structured and regulated work environment.
• Ability to work remotely in any/all states in which Ancora is licensed/approved to do business.

Requirements

• Master's degree in Real Estate, Business Administration, Finance, or a related field (preferred).
• Physical demands include standing, walking, sitting, using hands, reaching, climbing stairs, and lifting up to 25 pounds.
• Specific vision abilities required include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
• Prolonged periods sitting at a desk and working on a computer.

Work Environment

• Usually not exposed to weather conditions.
• Noise level in the work environment is usually moderate.

Note

This is not necessarily an exhaustive list of all responsibilities, skills, duties, or requirements associated with the job. Management reserves the right to revise the job or require that other or different tasks be performed when circumstances change.