Role
This role is responsible for identifying and acquiring suitable retail sites across the region. The individual will be required to prepare a preliminary report with a brief market overview for all sites identified.
The focus may be on existing developments but as part of the search must also identify new developments which are in the pipeline or under construction which may be preferable.
Real Estate Manager Job Responsibilities
This position will conduct researches and analyzes property information by collecting,
verifying, and analyzing data regarding inventory of competitive properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property; conducting analyses and studies,
e.g., land utilization, supply and demand, economic feasibility, highest and best use, marketability, development, litigation support; searching databases; inspecting property; interviewing people in a position to understand the property.
In collaboration with other team members, the individual will conduct site inspection and other due diligence to ensure that building meets the company’s minimum specifications.
Qualifications for the Real Estate Manager Job
3-5 years’ experience with a property management or property investment firm
Degree in real estate development (preferred)
Good understanding of retail market in East Africa Job Responsibilities
Develop a strategy for entering new markets based on the Organization’s growth strategy
Create a heat map for target areas in the region
Conduct market analysis of target areas.
Prepares appraisal report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing extraordinary assumptions, and hypothetical and limiting conditions; presenting supportive reasoning.
Identify and short list new sites that align with the Organization’s’ growth strategy and market positioning
Develop index/score card for ranking locations
Manage business development pipeline
Build a strong network of retail property managers, agents and landlords
Present business cases for new locations to management team inclusive of 1-2 year projections
Conduct due diligence on prospective location
Review and underwriting of terms for lease agreements
Excellent written and verbal communication skills.
Strong organizational and analytical skills.
Ability to provide efficient, timely, reliable and courteous service to customers.
Ability to effectively present information
Ability to comprehend, analyze, and interpret complex documents.
Ability to solve problems involving several options in situations.
Requires advanced analytical and quantitative skills.
