Sr. Property Manager - US

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Job description

Realterm is a real estate operator whose employees have a track record of capitalizing on durable insights into the supply and demand of real assets through the global supply chain. Realterm seeks to build and invest in value-added business platforms that have a proprietary position in their markets, source investments with favorable supply/demand dynamics and bring intense focus to operating results.

Realterm offers several career fields such as Accounting, Leasing, Construction and Property Management that make working here unique, challenging, stimulating, and rewarding. With offices in Amsterdam, Annapolis, Houston, Chicago, Los Angeles, Montreal, Mumbai, New York and Singapore you are empowered to take your career where you want it to go.

A career at Realterm allows you thrive in a fast-paced workplace environment with tremendous scale. Enjoy working in a collaborative environment with supportive teammates where you will be challenged to grow and be at your best every day. We offer our employees a robust and competitive benefits package. If you are looking for a rewarding career in private equity commercial real estate, apply today.

Summary

Responsible for the overall property management duties for the Realterm Logistics & Aeroterm Midwest Portfolio.

Essential Duties and Responsibilities

Property Operations

* Ensure properties are maintained in good operational condition.
* Work with site management team to ensure systems are properly maintained and tenant's needs are addressed in a timely manner.
* Oversee property related service contracts and building staff (landscaping, janitorial, site management).
* Where required, oversee property related aircraft parking apron services, including ramp management and fuel distribution services.
* Responsible for assuring that capital projects are completed on time and within budget in cooperation with the facilities team, construction group and/or third parties.
* Maximize the value of the assigned properties by finding methods to reduce costs and increase efficiencies of building systems and services.
* Responsible for assessing, developing and implementing short term, intermediate and long-term strategies which enhance value.
* Responsible for ensuring that property specific compliance requirements are completed including requirements of ground lessors, third party lenders and bondholders, as well as any other investor requirements.
* Participate in special projects within the assigned portfolio that may include evaluation (due diligence) of properties for acquisitions dispositions among other recurring and non-recurring events.

Tenant & Customer Relations

* Act as primary point of contact for tenants and their airline customers from lease execution to lease expiration.
* Serve as Realterm representative for airport business contacts for assigned portfolio.
* Provide new tenant orientation and ongoing enforcement of lease terms.
* Establish appropriate communication within tenant organizations and within Realterm to address administrative, leasing, and financial matters.
* Manage tenant interface platform (currently Building Engines) for assigned portfolio.
* Participate in Tenant Satisfaction Assessment process and subsequent action planning.

Financial Reporting

* Prepare property business plan/budget and work with senior management to reforecast R&M and capital expenses as necessary.
* Provide monthly reporting regarding building operations and financial activity.
* Complete annual property expense estimate and reconciliation process for assigned properties.
* Ensure utilities are billed back to the tenants as required.
* Monitor and Manage AR/AP for the assigned properties.

Leasing and Marketing

* Maintain a thorough understanding of all factors affecting industrial logistics market associated with the assigned portfolio in order to make critical decisions.
* Keep involved with community affairs and business conditions that impact properties.
* Assist with property tours when requested.
* Assist leasing and development with lease negotiations, property expense analysis and operational implications.
* Monitor and maintain vacant spaces for "show ready" condition.
* Participate in airport and industrial real estate associations and events.

Risk Management

* Ensure tenant and emergency contact lists are current for assigned properties.
* Implement emergency response plan at assigned properties.
* Identify and address any FLS issues.
* Ensure all environmental permits and inspections are up to date for assigned properties.

Administrative

* Competitively bid contracts for property services.
* Ensure documents are properly maintained on the Shared Drive.
* Ensure all tenant and vendor COI's are up to date for assigned properties.
* Complete property inspection reports.
* Complete tenant move-in and move-out documentation.
* Coordinate tenant related services with site management team.
* Serve in leadership and supervisory capacity.

Supervisory

* Supervise Property Managers and support staff of assigned region
* Facilitate effective communication skills with the team
* Provide direction and guidance to direct reports
* Establish positive relationships with subordinates and other departments
* Coach, mentor, and develop direct reports, including overseeing new employee onboarding and providing career development planning and opportunities

Competencies

Accountability

Character, Trust, Integrity

Planning, Decision-Making & Initiative

Development & Learning

Collaboration, Communication & Teamwork

Qualifications

* Excellent written and verbal communications skills.
* Strong financial/accounting skills.
* Strong lease administration knowledge/experience inclusive of commercial leases.

* Demonstrated knowledge of mechanical and building systems.
* Ability to adapt to changing priorities.
* Strong analytical and effective problem-solving skills.

* Ability to work independently and effectively manage multiple tasks.

* Strong leadership abilities.

Education and/or Experience

* Five (5) to seven (7) years of commercial/industrial property management experience required.
* A minimum of three (3) years in management or supervisor position
* Four-year college degree preferred.
* Industry association designation preferred.

Computer Skills

* .Proficient in Microsoft Office
* Working knowledge of Yardi preferred

Work Environment

The position will work in a general office setting and may require travel up to 50% of the time based on organizational/business and regional team needs.

Physical Demands

Must be able to remain in a stationary position for the majority of the workday, sitting at a desk, consistently operating a computer. The person in this position must be able to access file cabinets and office machinery (to include a computer, copier, and fax machine). On occasion, may need to lift boxes of up to 10 lbs. They must also be able to visit customer sites, as needed, to include partially developed properties.

Realterm is an equal opportunity employer, as we value and respect diversity. We encourage diversity in ideas, opinions, experiences and identities. We do not discriminate in our employment practices based upon protected class, to include race, color, religion, sex, national origin, age, disability or genetic information.

Other details

* Pay Type Salary

Apply Now

* Chicago, IL, USA