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Real Estate Senior Associate

Company: Sonder Inc.
Location: Orlando
Posted on: April 10, 2021

Job Description:

With thousands of beautiful spaces built for travel and living, Sonder is transforming the future of hospitality. Each Sonder is purposefully selected, designed and maintained - customized to reflect the vibe of its neighborhood. Whether your stay is two days, two months or two years, in a studio or a six-bedroom, Sonder ensures a unique, yet consistent experience. And with 24/7 contactless service, professional cleanings that exceed CDC recommendations, and over 200 other quality standards, we're taking stay further for guests all around the world.

Sonder started in 2014, and now has thousands of spaces in cities across the globe.

Orlando poses unique challenges and opportunities for Sonder; the market is a highly competitive, leisure driven market with a variety of hospitality products ranging from large resorts, timeshares and vacation rentals, many of which have HOA structures. Are you the right candidate to take on the challenge of continuing to grow the market in Orlando?

As a Real Estate Senior Associate, you will drive supply growth by working with your local Real Estate team to identify top-of-the-funnel lease opportunities for Sonder, negotiate leases, manage deal closings and asset manage the properties in Sonder's portfolio.

At Sonder You Will

  • Work closely with the General Manager and Regional Director of Real Estate to develop and implement a growth acquisition plan. You will assist senior management with all aspects of real estate projects and the deal flow.
  • Build relationships with many of the largest developers and owners in Dallas.
  • Use local real estate knowledge and a network of contacts in Dallas to source developers and real estate owners with suitable development opportunities where the Sonder business model can operate and create value. Manage relationships with owners and developers including deal structuring, ongoing correspondence, and lease compliance.
  • Develop and maintain a network of local agents and broker partners to drive the supply pipeline.
  • Craft and negotiate LOIs and leases for new real estate opportunities.
  • Coordinate deal closings.
  • Be responsible for leases after they are signed to make sure Sonder in complying with all terms negotiated.
  • Work closely with city operations to seamlessly transition from lease signing to onboarding units, including onboarding prioritization and punch list compliance.
  • Help manage the hand off on lease commencement between the developers' operations and Sonder city operations.
  • Prepare and maintain lease summaries.
  • Work hand in hand with HQ to comply with lease terms, including rent payment dates, letter of credit issuances, property insurance, and notices to landlord.
  • Coordinate with property manager hiring of necessary vendors and preventative maintenance.
  • Become fluent in local public policy and existing short-term rental regulations and building code.
  • Foster community relations and present the value and benefits of partnering with Sonder while enhancing public image.
  • Consistently work on complex assignments requiring independent action and a high degree of initiative to resolve issues.

    What We Look For
    • You are a fully qualified real estate professional with experience with a range of asset classes (Residential, Commercial, Retail, and Hospitality).
    • Minimum 3-5 years experience in commercial real estate - particularly acquisition & development.
    • Minimum 2 years of real estate sales experience.
    • You live, breathe, and sleep commercial real estate; you are ultra passionate and knowledgeable about Dallas' real estate market.
    • You enjoy negotiations and believe that two parties can benefit from a well-structured deal, and that negotiations are not a zero-sum game.
    • You aspire to be a missionary and not a mercenary - you want to work for a fast-growing start-up with a unicorn trajectory. You see the big picture and make decisions based on the long term value vs. short term profit.
    • You're becoming a self-driven closer. You are currently mastering the art of presenting a value proposition and handling objections while inspiring trust.
    • You're building a strong real estate network and you have a few contacts you can leverage for this role.
    • You are analytical, decisive and have the entrepreneurial drive to craft and implement a strategic plan for property acquisition.
    • You're an outstanding communicator with the ability to communicate complex deals in simple terms.
      We also have great benefits to make your life easier so you can focus on what you're best at:
      • Competitive salary
      • Generous stock option plan
      • Medical, dental and vision insurance
      • Unlimited vacation
      • Annual free credits and discounts to stay in Sonders
      • A company with a huge vision, a dynamic work environment, and a team of smart, ambitious and fun to work-with colleagues!
        We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status or other protected classes.

Keywords: Sonder Inc., Orlando , Real Estate Senior Associate, Other , Orlando, Florida

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