Real Estate Sourcing Manager (Immediate) Job Description Template
The Real Estate Sourcing Manager will be responsible for identifying, evaluating, and negotiating real estate deals to support the company's expansion goals. This role requires a strategic thinker with a strong network in the real estate industry, and the capability to execute sourcing strategies that align with our business objectives.
Responsibilities
- Identify and evaluate potential real estate properties for acquisition or lease.
- Develop and maintain relationships with real estate brokers, property owners, and other stakeholders.
- Negotiate property deals to achieve the best terms and conditions for the company.
- Analyze market trends and perform financial analysis to inform decision-making.
- Coordinate with legal, financial, and operational teams to ensure smooth transactions.
- Prepare detailed reports and presentations for senior management.
- Monitor and manage real estate portfolios to optimize utilization and value.
Qualifications
- Bachelor’s degree in Business, Real Estate, Finance, or related field.
- Minimum 5 years of experience in real estate sourcing, acquisitions, or a similar role.
- Proven track record of successful real estate negotiations and transactions.
- Strong analytical and financial modeling skills.
- Excellent communication and interpersonal skills.
- Ability to travel as needed to evaluate properties and meet stakeholders.
Skills
- Negotiation
- Market Analysis
- Financial Modeling
- Contract Management
- Relationship Building
- Project Management
- Microsoft Office Suite
Frequently Asked Questions
A Real Estate Sourcing Manager is responsible for identifying and acquiring suitable properties for investment or development purposes. They analyze market trends, assess property values, and negotiate deals to secure real estate assets. This role involves collaboration with realtors, developers, and financial analysts to ensure the properties align with strategic investment objectives.
To become a Real Estate Sourcing Manager, candidates typically need a bachelor's degree in real estate, business, or a related field. Additionally, experience in real estate transactions, property management, or a similar role is essential. Networking skills and knowledge of local market conditions are vital, along with a real estate license in some cases.
The average salary for a Real Estate Sourcing Manager varies based on location, experience, and company size. Typically, salaries range significantly and can be influenced by the real estate market's performance. Compensation may also include bonuses or commissions based on successful property acquisitions and performance metrics.
Qualifications for a Real Estate Sourcing Manager include a solid educational background in real estate or finance, with many employers preferring a bachelor's degree. Relevant certifications or licenses, like a real estate broker's license, are often required. Experience in real estate sourcing, market analysis, and negotiation is also crucial.
A Real Estate Sourcing Manager must possess strong analytical skills to evaluate market opportunities and property potential. Effective negotiation and interpersonal skills are essential for securing favorable deals. Key responsibilities include scouting potential properties, collaborating with other real estate professionals, and ensuring that property acquisitions align with strategic investment goals.