Real Estate Manager - Life Time Fitness : Job Details

The Real Estate Team is a significant part of the growth engine of our company. We thrive on finding the best property and markets to expand our portfolio of Athletic Resort destinations. We work side by side with our Team Members in the Property Development group by leveraging continual collaboration throughout the life cycle of each project. When you join our team, you are joining a group of fun and talented people. We offer an incredible benefits package, generous club discounts, and a fully subsidized Signature Life Time membership.

Position Summary

The Real Estate Manager plays a strategic role in identifying and acquiring prime locations for new Life Time Athletic clubs and Health Way of Life mixed-use developments across the Mid Atlantic and East Coast regions. Based out of Life Time's Corporate Headquarters in Chanhassen, MN, this individual partners closely with architecture, construction, legal, operations, and development teams to ensure the successful opening of each new club.

Key Responsibilities

Site Strategy & Market Analysis

• Visit target markets and develop strategic deployment plans for new locations
• Conduct market studies and trade area analyses to guide site selection
• Monitor active trade areas for future development opportunities

Broker Network & Site Evaluation

• Build and maintain relationships with brokers to identify viable land opportunities
• Evaluate potential sites based on demographics, accessibility, utilities, land conditions, and strategic fit
• Identify and pursue sites that meet Life Time's investment and development benchmarks

Planning & Stakeholder Communication

• Draft comprehensive business plans detailing market potential for Board of Directors approval
• Analyze local competition, amenities, and membership trends in surrounding areas
• Conduct site visits with senior leadership to secure executive approval

Negotiation & Development Process

• Negotiate Letters of Intent, purchase agreements, and lease terms
• Facilitate civil engineering, site planning, and entitlement processes
• Oversee disposition of excess properties when necessary

Qualifications

Education

• Bachelor's degree (required)

Experience

• 5–8 years of experience in real estate analysis and site acquisition
• Minimum of 2 years in a management role

Licenses & Certifications

• None required

Skills & Competencies

• Strong multitasking and problem-solving abilities
• Proficiency with standard office tools and software
• Exceptional written and verbal communication skills
• Sound understanding of real estate finance and development
• Ability to draw insights from data and recommend actionable solutions
• Excellent project management skills in fast-paced environments

Work Environment & Physical Requirements

• Primarily office-based with frequent travel
• Regular tasks include: standing, walking, sitting, typing, communicating, and reasoning

All team members receive the following benefits while working for Life Time:

• A fully subsidized membership

• Discounts on Life Time products and services

• 401(k) retirement savings plan with company discretionary match (21 years of age and older)

• Training and professional development

• Paid sick leave where required by law

Full-time Team Members are eligible for additional benefits, including:

• Medical, dental, vision, and prescription drug coverage

• Short term and long term disability insurance

• Life insurance

• Pre-tax flexible spending and dependent care plans

• Parental leave and adoption assistance

• Paid time off, including 5 to 20 vacation days per calendar year (based on tenure) and paid sick leave

• Deferred compensation plan, if the team member meets the required income threshold

Life Time is a place for everyone. As an organization, we are committed to an inclusive, diverse and equitable workplace that respects and celebrates the unique contributions of each individual while ensuring we remain an equal opportunity employer that recruits, hires, trains and promotes based on merit and qualifications.