Director of Real Estate

OUR PEOPLE POWER OUR PURPOSE 

The CorePower team is the heartbeat of the company. We prioritize our people first, and we are invested the employee experience so that together we can create an experience powerful enough to transform lives, including our own. We believe in the power of human connection, community, and going beyond the transactional to make a positive difference in people’s lives.  Join our team and discover what happens when you ignite your intention to make a difference.

HOW WE SHOW UP   

We are fiercely committed to our core values of empowering everyone, practicing gratitude, building community, growing forward and laughing together. These core values align us in service of CorePower’s higher purpose – to power love from the inside out. They are our guiding principles; internal agreements we make as a CorePower team about how we interact with each other and our students. Living our core values means they guide all our activities, define our workplace culture, and ensure there are no missed opportunities to fulfill our higher purpose.

We embrace our differences and foster an inclusive space where everyone can reach their full potential. We uplift, inspire and guide one another. We make time to share the power of yoga together, celebrate milestones and find joy in the present moment. 

ROLE SUMMARY
The Director, Real Estate is the driving force behind CorePower Yoga's real estate growth strategy and the ongoing health of our existing portfolio. This role owns annual market planning and site selection strategy, leads a team who does negotiations for new deals and lease renewals, and manages a portfolio of 213 studios including renewals, relocations, and closures. As the quarterback of every new deal, the Director partners closely with Design, Construction, outside brokers, and landlords to take sites from initial identification through grand opening. This is a highly analytical, relationship-driven role that requires the ability to translate market data into a compelling growth story for executive leadership, while also serving as a passionate ambassador for the CorePower Yoga brand and the benefits of a yoga-centered lifestyle. The Director will lead and develop a team of three direct reports. CorePower Yoga anticipates growing at 25+ new studios/year into coming years.

ESSENTIAL JOB DUTIES

Growth Strategy & Market Planning

• Lead annual market planning process, identifying and prioritizing target markets and trade areas aligned with CorePower Yoga's growth objectives.

• Own delivery against annual growth commitments, including new studio openings, relocations, and portfolio optimization targets

• Develop and maintain a data-driven site selection framework, incorporating demographic, lifestyle, and competitive analysis.

• Present market plans, growth pipelines, and portfolio performance to executive leadership on a regular cadence.

• Strong Financial acumen including navigating proformas, studio level financials and financial terms for deal trade offs with ease.

Portfolio Management

• Manage the full 213-studio portfolio, proactively evaluating each location's performance and lease position.

• Lead lease renewal strategy and negotiations across the portfolio, balancing financial performance with brand and market presence.

• Identify and execute studio relocations and closures where warranted by market, financial, or lease conditions.

• Create and maintain standardized templates and playbooks for LOIs, leases, and market plans to drive consistency and efficiency across the team.

Deal Execution & Cross-Functional Leadership

• Serve as the quarterback for all new deals, from site identification and underwriting through lease execution, construction, and grand opening.

• Negotiate letters of intent and lease agreements directly with landlords and brokers, securing terms that support long-term studio profitability.

• Partner closely with Design and Construction teams to ensure sites are delivered on time, on budget, and true to the CorePower Yoga brand experience.

• Manage relationships with a network of outside brokers and landlords, representing CorePower Yoga as a preferred tenant and partner.

Team Leadership

• Lead, coach, and develop a team of direct reports, setting clear priorities and fostering a high-performance, collaborative culture.

• Build team capabilities in market analysis, deal negotiation, and portfolio management.

QUALIFICATIONS

• 7–10 years of real estate experience within a multi-unit, multi-location retail, restaurant, or fitness brand.

• Proven track record managing a large studio/store portfolio, including lease renewals, relocations, and closures.

• Demonstrated success leading site selection and market planning for a growing brand.

• Strong lease negotiation experience, with direct dealings with landlords and brokers.

• Highly analytical, with the ability to gather, synthesize, and present complex data to executive leadership.

• Experience managing and developing a team; strong people-leadership skills.

• Excellent storytelling and communication skills — able to bring the CorePower Yoga brand and the benefits of yoga to life for external partners.

• Comfortable operating cross-functionally with Design, Construction, Finance, and Operations.

• Bachelor's degree required

• Willingness and ability to travel approximately 40%.

At CorePower Yoga, we live our power by showing the world the incredible life-changing things that happen when you root an intensely physical workout in the mindfulness of yoga. This is our promise. We are the nation’s largest yoga studio brand with over 200 locations across the country, digital livestream and on-demand classes, and thousands of passionate yoga teachers sharing the transformative power of our practice.

As a team, we love seeing the magic that happens in a CorePower Yoga class when physical meets mindful and strive to create a work environment that mirrors the balance, empowerment and community experienced in our yoga studios. 

This job description is not necessarily an exhaustive list of all responsibilities, skills, duties, requirements, efforts, or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, we reserve the right to revise the job or to require that other or different tasks be performed. CorePower Yoga is an equal opportunity employer of all qualified individuals, including minorities, BIPOC, LGBTQ+, veterans & individuals with disabilities.

CorePower Yoga provides reasonable accommodation and/or modification to disabled individuals to assist in the application process. Any individual requiring accommodation/modification to complete this application should contact Human Resources at help.corepoweryoga.com.

Originally posted on Himalayas