Senior Real Estate Manager

Dallas, TX, United States

At Fogo de Cho, we strive to give our guests an unforgettable dining experience of discovery while showcasing the Culinary Art of Churrasco. Our mission is to ignite fire and joy to care for our team, our guests and our communities.

We believe better futures start when we bring our best to the table every day to Feed a Purposeful Future - starting with our team members. We feed our teams with fulfilling job opportunities, making space around the table so everyone feels welcome. At Fogo, we'll provide you with a fulfilling career with professional and personal growth opportunities at every level. Our values of teamwork, integrity, excellence, humility and Deixa Comigo (we've got you!) are more than just words, it's how we do things every day.

Responsibilities Other duties may be assigned.

Work in tandem within Development Dept primarily with CDO, VP and Sr. Dir of Real Estate to oversee the development, planning and execution of Fogo's real estate strategy and market development initiatives.

Work with development team leveraging data to inform our development strategy. Provide insights and analytics to drive decisions in implementing, managing and executing the real estate development strategy that maintains desired trade area demand, sales threshold, return and investment metrics. Analyze store sales performance of existing and new restaurants to continually validate demand model and sales transfer/cannibalization impact implications of development decisions.

Manage third party service providers including but not limited to broker network, Kalibrate Analytics and others in the development and maintenance of statistical, mathematical and financial models for sales forecasting, competitive analysis and future store location strategy. Develop and maintain competitor data, economic reports, and in-house analytical models.

Monitor competitor expansion patterns and sales volumes, demographic characteristics, and unit characteristics in proposed and existing trade areas.

Work with VP, Sr. Dir and Brokers to accumulate market due diligence prior to CDO, CEO or Board Members visits in pursuit of new sites, capital planning for existing stores and portfolio optimization.

Travel to designated markets with brokers and other consultants to identify the best locations for the development of profitable restaurants, meeting development strategy initiatives of desired market balance and timing.

Partner with Legal and Construction Teams to draft and organize Letters of Intent.

Assist in lease negotiation process and the creation of lease exhibits.

Assist in the transition from lease negotiation to design and construction.

Prepare Real Estate packages ("Site Approval" and "Lease Approval") for monthly real estate committee and board of directors, including timely assembly of proformas, demographics, analytics, LOIs, area maps, site photos, construction budgets, sales forecast, etc. Coordinate internal development package review with CEO, CFO, CDO and General Counsel.

Assist in asset management of existing real estate portfolio including lease renewals (Lease tracking reporting), remodels and relocations.

Weekly development team meetings to update and monitor the Development Pipeline Status and Reporting.

Assist in resolving property management issues with landlords when needed.

Competencies

- Visioning: assist in Identifying long-term goals and champion the implementation of different or alternative ideas.

- In-Depth Problem Solving & Analysis: solve difficult problems through careful and systematic evaluation of information, possible alternative and consequences.

- Championing Change: take action to support and implement change initiates effectively.

- Driving for Results: challenge and push the organization and yourself to excel and achieve. Influencing & Persuading - Convince others to adopt a course of action.

- Managing Others: direct and lead others to accomplish organizational goals and objectives.

- Business Acumen: develop an understanding of general business and financial concepts applicable to Fogo de Chao

- Integrity: uphold a high standard of fairness and ethics in everyday words and actions.

- Presentation Skills: have the skills to effectively communicate to an audience in a formal setting. Continuous Learning - Strive to expand knowledge and refine skills through education and training. Inspire others to develop and refine knowledge and skills relevant to your work.

Education, Experience & Travel Required

5 - 10+ years of experience in Real Estate development w/ a minimum of 2 years for restaurant company

Bachelor's degree in Real Estate, Business, Urban Planning or other associated fields.

Ability to travel up to 50% of the time, as needed.

Computer Skills

Proficient in Microsoft Office / Excel / PowerPoint (GIS/analytics a plus) and ability to leverage effectively.

Physical Demands

The employee must be able to lift and/or move up to 25 pounds, travel by automobile and airplane, and stand prolong work hours when necessary. Must have a high level of endurance and mental acuity and toughness to manage conflict and deal successfully with high stress situations.

Ability to manage multiple projects and competing deadlines.

Ability and willingness to work in a fast-paced environment.

Compensation

Commensurate with experience and qualifications.

Medical, Dental, and Vision insurance are available for full-time, hourly Team Members on the first of the month following 60 days of employment. Additionally, company-paid Life Insurance and Short-Term Disability are provided where allowed. We offer a comprehensive voluntary benefits package including Critical Illness, Hospital Indemnity, Accident Coverage, Permanent Life, and Pet Insurance.

Fogo de Cho is an Equal Opportunity & E Verify Employer

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