Property Acquisition Manager

The PureGym Group is a global gym business with a community of more than 700 gyms and over 2 million members. At PureGym, everything we do comes back to one simple idea: helping you feel good. We're proud of our people and have a strong focus on internal progression. Championing diversity, we are committed to providing an excellent employee experience and workplace culture. Our gyms are friendly, supportive, and judgement-free spaces where everybody can come in, work out and leave Feeling PureGym Good. We offer

• Medical
• Dental
• Vision
• Short-Term Disability
• Life Insurance
• EAP
• Legal and Identity Theft Protection
• 401K Retirement Plan

The Role Location: Remote - travel to DMV area Type: Full Time Contract type: Permanent Salary $140-160k + Bonus We are looking for a Property Acquisitions Manager to join our Team! Referred to internally as Acquisitions Lead, you will be responsible for sourcing, evaluating, advancing, and negotiating new PureGym locations within our DC region. This role is the frontline of PureGym’s U.S. growth; you will be in the market daily, driving broker activity, walking sites, assessing trade areas, negotiating terms, preparing investment cases, and moving opportunities rapidly through the pipeline. The Acquisition Lead is measured on pipeline velocity, deal quality, commercial rigour, and conversion to signed sites. This is a hands-on, high-pace commercial role for someone who thrives in the field, works autonomously, and delivers results. Activities to include: 1. Source & Build the Pipeline

• Generate a continuous funnel of high-quality site opportunities.
• Drive brokers proactively; daily engagement, clear directives, rapid feedback.
• Leverage local knowledge, competitor mapping, and demographic tools.
• Perform first-pass assessments: visibility, access, footfall, competition, constraints, and deal viability.

2. Lead Deal Evaluation & Early Commercial Assessment

• Conduct site visits independently and prepare structured assessments.
• Analyse rent levels, occupancy cost ratios, landlord strength, and competitive adjacencies.

3. Negotiate Commercial Terms

• Engage landlords directly; this is not a broker-only role.
• Negotiate heads of terms, rent, TI contributions, rent free, and lease-flexibility provisions.

4. Feasibility, Approvals & Investment Cases

• Build feasibility and initial ROI models in partnership with Finance.
• Prepare Capex Committee materials, including narrative, drawings, capex assumptions, and financial returns.
• Present opportunities confidently and defend the commercial rationale.
• Ensure decision makers have clear, concise, well-structured information.

The Person Essential Experience

• Extensive experience in retail, fitness, grocery, fast-casual, pharmacy, discount, or similar multi-site acquisition roles.
• Demonstrable experience sourcing and negotiating small-box retail leases.
• Hands-on negotiator comfortable dealing directly with landlords and REITs.

Commercial & Analytical Skills

• Strong understanding of real-estate financials, occupancy cost, TI structures, and commercial levers.
• Comfortable working with financial models and investment cases (training will be provided).
• Able to make clear, evidence-based recommendations quickly.

Execution & Behaviour

• High energy, field-driven operator — spends meaningful time in trade areas, not behind a desk.
• Fast, decisive, organised, and commercially sharp.
• Excellent written and verbal communication; able to synthesise complex information clearly.
• High integrity, low ego, ownership mindset.

Cultural Fit

• Thrives in a high-growth, high-pace environment with accountability and autonomy.
• Comfortable working in a lean team with direct exposure to senior leadership.
• Execution-obsessed; bias for action.

PureGym is proud to be an equal opportunities employer. Our company mantra is ‘Everybody Welcome’ and we are dedicated to promoting a diverse and inclusive place to work. From a hiring standpoint, we welcome applicants from all backgrounds and are committed to ensuring that our PureGym colleagues reflect the diversity of the nation as well as our millions of gym members we serve. Join us on our mission is to bring high quality, affordable fitness to everyone, everywhere. Please note: Applications will be reviewed on a rolling basis, and the advert may be withdrawn at any time. Early application is encouraged. Apply tot his job Apply To this Job