Sourcing Manager / Real Estate Job Description Template
The Sourcing Manager / Real Estate will be responsible for overseeing the sourcing and acquisition of new real estate properties. This includes conducting market research, evaluating potential sites, negotiating lease and purchase agreements, and managing vendor relationships. The ideal candidate will have a keen eye for market trends and possess strong negotiation and analytical skills.
Responsibilities
- Identify potential real estate opportunities that align with company goals.
- Conduct market research to determine property values and prospective sites.
- Develop and maintain relationships with real estate agents, landlords, and property owners.
- Negotiate lease and purchase agreements, ensuring favorable terms for the company.
- Manage due diligence processes, including site inspections and feasibility studies.
- Collaborate with internal teams to understand space requirements and operational needs.
- Track market trends and provide strategic insights for long-term planning.
- Ensure compliance with legal and regulatory requirements in all real estate transactions.
Qualifications
- Bachelor's degree in Business, Real Estate, Finance, or a related field.
- Minimum of 5 years of experience in real estate sourcing, acquisitions, or a related role.
- Strong negotiation skills with a proven track record of successful real estate transactions.
- Excellent analytical and market research skills.
- Ability to manage multiple projects simultaneously and work under tight deadlines.
- Strong interpersonal and communication skills.
- Knowledge of real estate laws and regulations.
Skills
- Market Analysis
- Negotiation
- Contract Management
- Vendor Relationship Management
- Project Management
- Financial Analysis
- Microsoft Office Suite
- Site Inspections
- Legal Compliance
Frequently Asked Questions
A Sourcing Manager in Real Estate identifies and evaluates potential properties and real estate partners, negotiates contracts, and aligns acquisitions with a company's investment strategy. They conduct market research and analysis to maximize returns and ensure compliance with regulations.
To become a Sourcing Manager in Real Estate, one typically needs a bachelor's degree in Business, Real Estate, or a related field. Relevant experience in real estate procurement, property management, or investment analysis is essential. Certifications like CPM can boost career prospects.
The average salary for a Sourcing Manager in Real Estate varies based on experience, location, and company size. This role can offer competitive compensation reflecting responsibilities like negotiation, market analysis, and portfolio management. Researching salary reports can provide current insights.
A Sourcing Manager in Real Estate should have a degree in Business, Finance, or Real Estate. They should hold skills in negotiation, property analysis, and strategic planning. Experience in a similar role and familiarity with real estate markets add significant value.
A Sourcing Manager in Real Estate must excel in negotiation, financial analysis, and market research. Responsibilities include identifying lucrative investments, managing supplier relationships, and ensuring cost-effective sourcing. Strong communication and strategic planning are crucial skills.