Job Description

Henley Enterprises, Inc. (and associated entities) is a privately-owned Franchisee of Valvoline Instant Oil Change (VIOC) currently operating over 265 VIOC locations in Massachusetts, New Hampshire, Rhode Island, Maryland, Virginia, Delaware, Florida, California and Louisiana. The Company projects continued growth moving forward.

POSITION SUMMARY

This is a fulltime, exempt (salaried) office position eligible for a hybrid work arrangement (office and work from home), based out of the corporate office in Newton, Massachusetts. The position is within the Corporate Development department and reports directly to the Vice President, Real Estate.

The Real Estate Manager will have an active role in the Company’s owned and leased real estate portfolio with responsibilities that include (i) establishing relationships and maintaining communications with third-party landlords, (ii) timely exercising third-party lease renewal options in consultation from the Vice President, Real Estate, (iii) securing third-party landlord approval for tenant / capital improvements and signage, and (iv) managing third-party tenant / subtenant relationships. The role will also involve working with the Vice President, Real Estate on acquisitions with responsibilities that include (i) developing brokerage relationships, (ii) drafting letters of intent, and (iii) reviewing due diligence materials. The Real Estate Manager will supervise the Real Estate Associate to ensure timely and accurate rent payments and manage critical reporting dates, obligations and deliveries. May provide input to strategic decisions that affect the functional area of responsibility and resolve issues requiring coordination with other departments and Operations. This position relies on experience in the field and/or related areas; familiarity with a variety of the Company’s practices and procedures; and sound judgment to plan and accomplish goals. This position pays between $154K and $161K per year based on experience.

ESSENTIAL JOB FUNCTIONS INCLUDE BUT ARE NOT LIMITED TO

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job which include the following day to day duties:

Asset Management

· Maintain third-party rent rolls by operating company

· Become primary point of contact and maintain relationships with third-party Landlords in designated markets

· Prepare letters to timely exercise third-party lease renewal options and assist VP, Real Estate in determining market rate renewal rents, if applicable

· Review and process tenant estoppel requests with assistance from Legal Team

· Secure third-party landlord approvals for tenant improvements/renovations, signage, painting, etc.

· Field questions from service and capital departments concerning maintenance and repair responsibilities for leased service centers

· Communicate with Regional, Area and Service Center Managers on matters impacting service center operations

· Coordinate sale/lease of excess owned properties

· Coordinate re-leasing/lease termination for closed leased service centers

Acquisitions

· Develop brokerage relationships in designated markets to help source opportunities

· Draft / coordinate Letters of Intent with VP, Real Estate and Legal Team

· Assist with property due diligence and closing

o Review Seller supplied due diligence materials

o Order, review and report Phase 1 Environmental Site Assessments results

o Draft or review/approve closing statements

Supervisory Duties

· Provide oversight and day-to-day supervision to the Real Estate Associate, including reviewing productivity and output quality as necessary.

· Offer ongoing coaching, guidance and performance feedback for continued development.

QUALIFICATIONS

Skills and Competencies

· Organizational skills: ability to multi-task and manage workflow with focus on priorities and deadlines

· Detail oriented: strong numerical skills, thorough and precise recordkeeping

· Critical thinking: ability to understand and interpret commercial leases, easements, CCR’s and calculate CPI adjustments

· Reliability: dependable, strong follow through, self-sufficient

· Communication: clear, concise written and verbal communication skills

· Interpersonal skills: ability to work effectively with internal and external partners

· Supervisory skills: ability to effectively coach real estate associate

Education and Experience Requirements

· Bachelor’s degree or comparable work experience in the Commercial Real Estate field

· 5 years of previous asset management and/or acquisition experience

ENVIRONMENTAL & PHYSICAL REQUIREMENTS

· 80 -85% of work in a climate-controlled internal office environment working under normal office conditions

· 15-20% of work visiting markets the Company operates to gather market intelligence and understand acquisition and development opportunities.

· While performing the duties of this job, the employee is regularly required to sit, stand, walk, use hands and fingers to feel and handle, reach with arms and hands, see, talk and hear, as well as incidentally be required to stoop, kneel and crouch, lift weight or exert a force up to a maximum of 25 pounds.

The above description is not intended to be an "all-inclusive" list of the duties and responsibilities of the job described, nor is it intended to be such a listing of the skills and abilities required to do the job. Rather, it is intended only to describe the general nature of the job.

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