Real Estate Manager

Lead the strategy behind where Murdoch’s shows up and succeeds. As Real Estate Manager, you’ll take ownership of our real estate strategy—overseeing acquisitions, guiding lease decisions, and managing costs across our portfolio. Working closely with teams across the business, your insight and judgment will directly influence how each location performs. This is a role where your expertise matters, your voice is valued, and your ability to think strategically and negotiate effectively makes a real difference.

Remote Work Available in the Following States: MT, WY, ID, CO, NE, TX.

As a Murdoch's Team Member, you will...

Lease Renewal Process

• Lead quarterly review for all stores within 2 years of lease expiration.
• Summarize all relevant information for leadership to make informed lease renewal decisions (financial and non-financial).
• Develop and recommend negotiation strategies and alternatives.
• Partner with CFO to determine amount of rent a store can afford at current sales and margin levels.
• Understand how our rent compares to the market.
• Negotiate renewal lease terms with the landlord.

Market Analytics

• Analyze the market factors that are impacting the sales performance across our store portfolio.
• Develop a model that forecasts our sales potential; given a variety of market and internal data points.
• Maintain an ongoing database of historical market data and how it correlates to our sales performance.
• Utilize learnings to inform sales estimates for new stores and overall market potential.
• Benchmark our occupancy costs against the market.

Financial Analysis

• Partner with CFO to create insightful information regarding store/ market profitability.
• Maintain financial and non-financial real estate (e.g., market data, lease terms) data that can be leveraged across the company.
• Assist Finance in the annual budgeting of real estate expenses and capital investments.

Lease Administration

• Complete all contractual and regulatory requirements on time; partnering with legal, finance and store operations as required.
• Create lease documents as needed, partnering with legal on aspects that require more detailed legal expertise and oversight.

Cost Savings

• Actively negotiate reduced rents with our landlords; proactively identifying opportunities and leverage points (e.g., alternative terms, eliminating % rent, alternative in-market locations).
• Support expense savings initiatives such as property tax audits, CAM audits and similar activities.
• Proactively review real estate processes to identify potential cost savings.

#LI-CS1