REAL ESTATE MANAGER
Company Profile:
At CAVA we make it deliciously simple to eat well and feel good every day. We are guided by a Mediterranean heritage that’s been perfecting how to eat and live for four thousand years. We prioritize authenticity, curiosity and the pursuit of excellence in everything we do. We are working towards something big, together.
We foster a culture built on five core values:
- Generosity First, Always: We lead with kindness. Our best work happens when we act in service of others.
- Constant Curiosity: We are eager to learn, grow, and explore beyond the obvious.
- Act with Agility: We welcome change; it’s the only constant. We embrace, adjust, adapt.
- Passion for Positivity: We greet each day with warmth and possibility.
- Collective Ambition: We have high aspirations that are achieved when we work together with a shared purpose.
Position title: Real Estate Manager West - Location CA (may consider candidates located in UT, AZ or NV)
The Role:
Do you want to get in on the ground floor of a fast growing, entrepreneurial minded business? Do you have a passion for finding quality locations and securing the best deal? Are you business-minded, self-motivated, and ready to hit the ground running? If this is you, we want you to join our team!
CAVA is a fast-growing culinary brand with a portfolio of fast-casual restaurants and a packaged goods line dedicated to fresh, Mediterranean-inspired, better-for-you cuisine. Born from a full-service restaurant collaboration between three first-generation Greek-American childhood friends in the Washington, DC, area, our mission is to fuel full lives through a bold and innovative food culture.
This job description is not intended to be a comprehensive list of all the duties and responsibilities of the position and such duties and responsibilities may change without notice.
What You’ll Do:
- Execute on and influence a 5-year strategic development plan for every DMA in assigned territory. Complete refresh of plan annually for high growth DMAs.
- Leverage data analytics, local market knowledge, real estate brokerage and cross functional team members to validate the development plan.
- Evaluate and tier all identified trade areas (Tier 1, 2 and 3).Complete a stack ranking of trade areas in order of priority for development.
- Manage real estate brokers in assigned region to elevate CAVA among the landlord and developer community. Ensure CAVA is the first call (top of mind among landlords and developers) for new site opportunities.
- In conjunction with the real estate broker, identify high-profile, high-quality sites for new CAVA restaurants.
- Negotiate LOI’s for identified sites with particular focus on deal economics, tenant improvement allowance and landlord work letter.
- Conduct site approval tours with leadership.
- Build site packages for all sites with an executed LOI and present site to real estate committee for REC 1 approval.
- Work with the landlord and cross functional team (Design, Construction, and 3rd party consultants) to complete comprehensive due diligence on REC1 approved sites. Resolve any open issues / questions in a timely manner to keep project on schedule for REC 2 approval.
- Work with outside counsel to successfully negotiate leases in an efficient and timely manner.
- Prepare and present key financial metrics (CapEx, CoC returns) to real estate committee for final REC2 approval.
- Monitor ongoing needs of existing restaurants providing real estate input where needed.
- Establish and manage broker relationships.
The Qualifications:
- 5+ years Real Estate site selection experience
- Bachelor’s degree in business, Real Estate, or similar field
- Ability to manage a high volume of projects at once
- Highly motivated and organized
- Strong interpersonal and networking skills
- An eagerness to join a growing company, a desire to help build a brand
Physical Requirements:
- Ability to maintain stationary position to be able to operate a computer and other office equipment
- Must be able to identify, analyze and assess details
- For certain positions, must be able to occasionally move or transport items up to 50 pounds
- Ability to communicate with others and exchange information accurately and effectively
- Constantly positions self and move about to support ordinary restaurant or food production support or office operations, as applicable
- Ability to work in a constant state of alertness and in a safe manner
What we offer:
- Competitive salary, plus bonus and long-term incentives*
- Early Wage Access!
- Unlimited PTO, paid parental leave, plus paid opportunities to give back to the community
- Health, Dental, Vision, Telemedicine, Pet Insurance plus more!
- 401k enrollment with CAVA contribution
- Company-paid STD, LTD, Life and AD&D coverage for salaried positions*
- Free CAVA food
- Casual work environment
- The opportunity to be on the ground floor of a rapidly growing brand
- Please note that visa sponsorship is not available.
- The compensation range posted includes total cash.
*Indicates qualifying eligible positions only
CAVA – Joining “A culture, not a concept” As an equal opportunity employer, CAVA considers applicants for all positions without regard to race, color, sex, religion, national origin, disability, age, height, weight, marital status, sexual orientation, familial status, genetic information or any other characteristic or protected classes as defined by federal, state, or local law. This job description is not intended to be a comprehensive list of all the duties and responsibilities of the position and such duties and responsibilities may change without notice.
DIRECTOR REAL ESTATE ASSET MANAGEMENT
Ready to make your next big professional move? Join us on our journey to achieve our big dream of building the most loved restaurant brands in the world.
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with nearly $45 billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries and territories.
RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.
RBI is committed to growing the TIM HORTONS®, BURGER KING®, POPEYES® and FIREHOUSE SUBS® brands by leveraging their respective core values, employee and franchisee relationships, and long track records of community support. Each brand benefits from the global scale and shared best practices that come from ownership by Restaurant Brands International Inc.
Position Overview
We are seeking a strategic and results-driven Director of Real Estate Asset Management to lead our team and projects. This role is critical in driving our growth strategy and ensuring effective execution across our real estate initiatives. The ideal candidate will have a deep understanding of the QSR industry, exceptional leadership skills, and a proven ability to navigate complex challenges while building a robust pipeline in priority markets.
Key Responsibilities
- Drive growth strategy, partner cross-functionally to ensure strategy is accurate and executable.
- Collaborate cross-functionally with various departments to validate and refine the strategy for accuracy and execution feasibility.
- Lead Real Estate Managers (REMs) and partner with Development Leads (DDLs) to build a strong pipeline in priority markets through strategic site selection and market analysis.
- Oversee the achievement of the New Restaurant Growth (NRG) budget, identifying and addressing roadblocks at the local level and propose and execute creative solutions.
- Implement & manage reinvestment committee and exceptions/FZ relationship.
- Work closely with market planning teams and DDLs on the adoption and amendment of new deals, ensuring alignment with growth objectives and market conditions.
- Develop and execute strategies for mitigating temporary closures, maintaining a focus on long-term restaurant performance and sustainability.
Qualifications
- Bachelor’s degree in real estate, Business Administration, Finance, or a related field; MBA preferred.
- 8+ years of experience in real estate development or a related field, preferably in the QSR or retail industry.
- Proven track record in strategic site selection and pipeline management.
- Strong analytical skills with the ability to interpret complex data and market trends.
- Excellent leadership and team management skills, with the ability to influence cross-functional teams.
- Outstanding communication skills, both verbal and written, with the ability to engage effectively with stakeholders at all levels.
#BurgerKing
Benefits at all of our global offices are focused on physical, mental and financial wellness. We offer unique and progressive benefits, including a comprehensive global paid parental leave program that supports employees as they expand their families, free telemedicine and mental wellness support.
Restaurant Brands International and all of its affiliated companies (collectively, RBI) are equal opportunity and affirmative action employers that do not discriminate on the basis of race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or veteran status, or any other characteristic protected by local, state, provincial or federal laws, rules, or regulations. RBI's policy applies to all terms and conditions of employment. Accommodation is available for applicants with disabilities upon request.