Head of Real Estate

Sandbox VR

Posted 3 months ago

⚠️ SCRIPT: Found the US keyword

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We’re Sandbox VR, and we’re the most advanced virtual reality experience in the world. Inside our rooms, we take you on thrilling adventures and transform you into new characters. Our experience is like the movies, except you’re actually with your friends inside the movie.

Our team is comprised of successful start-up veterans with deep experience in VR, gaming, technology and hospitality. We're funded by leading global tech investors including Andreessen Horowitz and Alibaba.

Since we launched in 2017, we’re now live in 6 locations and 4 countries around the world (4.5 stars on Yelp, and the #1 Activity in Hong Kong and Singapore on TripAdvisor), and we’re quickly expanding.

What will you be doing?

You will be leading our real estate strategy and rapid expansion across all the US.  Our Sandboxes are multi-room retail locations that guests can reserve with friends, choose a virtual reality experience, and enter that world together.


Responsibilities

Strategy:  spearhead Sandbox VR’s real estate expansion strategy to launch and manage our national retail footprint.  Bring our vision alive with all our real estate partners

Site selection:  bring data- and experience-driven process to our real estate selection and execution

Lease negotiation:  deliver on strong lease agreements that benefit us and our partners and maintaining aggressive timelines

Real estate management:  support ongoing operations related to maintaining our national sites


In the first 45 days you will:

- Be the primary leader for all active real estate transactions

- Push our open transactions through to close and beginning of construction

- Establish strong relationships with our community of brokers, landlords, lawyers


In the first 90 days you will:

- Develop a cohesive real estate strategy which synthesizes our brand, operations, construction and financial goals

- Standardize target real estate parameters for our next phase

- Build a robust pipeline of target markets and target sites where we’d like to be, and in conversations


In the first year you will:

- Build systems and processes for scale to ensure that we’re able to grow on an aggressive timeline

- Own expansion strategy as we evaluate trade-offs in expanding in new and existing markets, new types of real estate, etc.

- Deliver on financial impact through real estate selection

Who are we looking for?

> Leadership Ability - you will be a senior leader in the organization, and have a strong impact on company growth strategy.  We’re looking for someone able to lead across both the strategic and execution elements of our real estate

> Start-Up Mentality - we are a fast growing start-up, and looking for someone who is excited to drive this plane with us.  Being action-oriented, good at decision-making, comfortable with ambiguity are all important. Our teams all work remotely, so you should be comfortable working on your own and connecting online

> Data-Driven - we are a data driven company so we want to make sure our real estate strategy is data driven as well. You should have an analytical bent and know how to create models to inform our real estate strategy, and quickly figure out which metrics drive success for our business

> Real Estate Experience - real estate is complicated, and we’re looking for someone who has strongly applicable past experiences, ideally for a leading direct-to-consumer brand, and preferably in mall and retail settings

> Negotiation Skills - acquiring the right real estate at favorable terms is critical to the long term success of our business, so you should have a keen understanding of where the market is with real estate, and where we can push to ensure we have the most favorable real estate terms. Experience and relationships with the large national landlords is a plus

> Ability to Travel - you will need to travel to evaluate real estate deals across the country and possibly the globe, so the ability to spend a significant amount of time (up to 50% of your time) on the road is required


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