Senior Manager of Real Estate

Position Overview

Regal Rexnord is seeking a Sr. Manager, Real Estate that will be a key to the company's continued growth. They will collaborate with the leaders of the organization to build and execute both short and long-term strategies. The primary role of the Real Estate Manager is to manage a Real Estate portfolio made up of over 200 globally owned/lease sites, as well as identify new locations in key geographic regions for Regal Rexnord. The Real Estate Manager is involved with relocations, renewals, closures, and disposition of excess/idle properties. Other responsibilities include market and field research, site selection, financial pro forma modeling to calculate IRR's and NPV's, construction and legal process required for lease approvals, broker management, landlord relationships, ad hoc analysis, reporting, and more.

This position will report to the Senior Director, Global Risk and Property Management

Key Responsibilities:

Support:

• Communicate effectively with internal stakeholders, including members of the leadership team.
• Develop and maintain cohesive communication and excellent working relationships with external partners including real estate brokers, developers, owners, landlords, attorneys,architects, and local government officials.
• Support Project Managers and SCOFR team to ensure they provide sufficient data such as market comps and BOV/Appraisals to make proper business decisions.
• Support of local operations with site specific issues and work as liaison with Landlord to find a solution
• General knowledge of corporate real estate best practices and internal & external service models
• Prepare and deliver business cases supporting Regal Rexnord real estate strategies to internal stakeholders.
• Actively and proactively identify potential areas of risk for Regal Rexnord within its real estate portfolio and develop and present options for mitigation.
• Initiates project initiation and scope definition, prioritization of assignments, and adherence to priorities, protocols, commitments, and milestones.
• Collaboration among parties to manage multi-market commercial real estate services such as: transaction management, portfolio strategy, project management, lease administration, etc.

Negotiation:

• Negotiate all provisions of the lease, including, insurance, LL/Tenant default provisions, CAM and additional provisions.
• Negotiate Regal Rexnord's Letter of Intent and work with segment and legal team members to finalize lease documents.
• Negotiate the sale of industrial properties.
• Manage negotiations for multiple transactions including relocations, expansions, renewals, dispositions, and renegotiations in multiple markets throughout North America and Internationally
• Coordinate market tours and present recommended deals to the Project and SCOFR Teams

Reports:

• Prepares trip notes from market visits and follow-up notes on tours with senior management
• Real Estate Reports by Segment to Senior Leadership Team
• Pro forma modeling
• Ad Hoc Analysis and reporting

Required Skills and Qualifications

• Bachelor's Degree Required, preferably in Finance, Business, Real Estate or Construction
• 7+ years of experience in Corporate Real Estate
• Information Systems: Microsoft Office Suite, Visual Lease or similar Leasing Software experience
• Advanced negotiation skills
• Financial analysis skills
• Excellent written and verbal communication and problem solving abilities
• Flexibility to adapt to change and multi-tasking
• Experience establishing disciplined processes and driving continuous improvement and performance
• Results and detail-oriented
• Ability to meet many simultaneous demands for important decisions/actions and face confrontations or other difficult situations and demands for results

Preferred Skills and Qualifications

• Exposure to manufacturing and global industrial businesses
• Business training or exposure to working with financial statements
• Understanding of 80/20 and Continuous Improvement methodologies
• International experience

Travel: Likely to Travel 10-15%

Language: English

Expected Base Salary Range: $100,000 - $150,000

The salary range provided is intended to display the value of the company's base pay
compensation for this position. Salary is dependent on a multitude of factors, including
but not limited to the physical worksite location, the geographic market of that location,
candidate's skill set, level of experience, education and internal peer compensation
comparisons among other potential factors.

#LI-CB5

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, pregnancy, age, ancestry, national origin, genetic information, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan for protected veterans/individuals with disabilities or policy statement, please email Recruiting@RegalRexnord.com.If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com.

Equal Employment Opportunity Posters

Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.