Real Estate Manager

Job Purpose

The Real Estate Manager is responsible for ongoing management and improvement of Herc Rental’s Real Estate portfolio of approximately 350 locations throughout North America and sourcing new locations to support the company’s strategic growth plan.

What you will do...

• Communicate objectives and strategies to broker partners, ongoing management of broker and developer network
• Conduct Market Research and Site Selection for new Herc Rentals branches
• Negotiate and draft detailed Letters of Intent for proposed deals
• Prepare market rent comparison analysis
• Evaluate compliance with local zoning, permitting & use regulations, and requirements
• Prepare comprehensive site approval packages for presentation at monthly Real Estate Committee (REC) meeting.
• Negotiation and review of new leases and lease extensions, including coordination between legal counsel, Herc Senior Management, and landlord
• Execute Strategy for purchase and sale of Real Estate as needed, coordinate Appraisals, Title, Surveys, Brokers, Purchase & Sale Agreements, Due Diligence
• Partner with in-house and outside legal teams to finalize lease agreements.
• Support real estate acquisition transactions, as needed
• Coordinate with construction and other departments through branch opening
• Monitoring Key Lease Dates – expirations, option notices, termination notices
• Manage Branch Closures, coordinate facility turnover to LL, as needed
  

Requirements

• Bachelor’s Degree in closely related field, preferably in real estate, marketing, management, or relatedbusiness discipline
• Minimum of seven years of experience working within a fast-paced corporate real estateenvironment in a deal making/negotiating capacity

Skills

• Extensive knowledge of Real Estate Leases and negotiation
• Strong knowledge of the real estate process, contracts, land issues, zoning
• Effective deal negotiator with excellent influencing skills
• Demonstrated organizational and project management skills
• Detailed oriented & thorough
• Strategic thinker with entrepreneurial perspective
• Strong market analysis skills and effective site selection abilities
• Excellent written and verbal communications skills
• Working knowledge of Microsoft Office including Word, Excel, and Outlook