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Commercial Lease Administrator
2 months ago
Overview:
Since its founding in 1992, Edgewood Properties has established itself as a leading real estate development and property management company. With corporate headquarters in New Jersey, the company is on a course of growth leading to activities across the nation. Given ongoing construction and development plans, our current apartment portfolio of 5,000 plus units is expected to double in the next couple of years and rise to over 10,000 units in the next five years.
Given our rapid portfolio growth, coupled with ownership's desire to develop and hold rather than sell, the timing is ideal for qualified candidates to come on-board.
We're currently seeking a Commercial Lease Administrator for our multi-family portfolio of properties, with at least 3 years of industry experience.
Candidate will work full-time in our corporate office located in Piscataway, NJ.
Responsibilities:- Responsible for administering a portfolio of leases and the accurate processing of lease obligations, including the abstraction of lease data into a database, and adhering to the compliance procedures of the company.
- Prepare detailed Lease Summaries for new Leases and update for Amendments, Assignments, Renewals and Extensions.
- Ensure data integrity of information contained in database application used for tracking all tenant and lease related data; includes critical dates, co-tenancy, exclusive clauses, restricted uses and construction operation and reciprocal easement agreements.
- Work with Construction, Project Managers and Property Management Teams for Landlord Work, Tenant Fit-Outs and Delivery of Demised Premises; tracking critical dates (delivery/possession/rent commencement/lease expiration), approvals and receipt of required documentation; ensure Landlord Work is completed per Lease and without incurring penalties.
- Track Renewals and Lease Expirations, update management and Leasing Agents of upcoming expirations, send notices; negotiate and prepare amendments when applicable.
- Interpret and resolve complex lease issues.
- Assist Accounting Team with tracking required tenant sales reporting and percentage rent payments.
- Review Tenant Construction Allowance requests and ensure required documentation is received and in compliance with the leases; process for payment.
- Track Property and Tenant Insurance requirements and keep current with Certificates of Insurance
- Ensure accuracy of square footage of all tenants and centers, work with Architects and Leasing Agents on square footage for potential tenants, maintain and update square footage reports.
- Prepare Estoppels and SNDAs as required per leases and as needed for refinancing and acquisitions
- Perform due diligence on potential acquisitions
- Audit Property and Tenant files to ensure accuracy and receipt of all pertinent documents.
Qualifications:
- At least a 2 year college degree
- At least 3-5 years Commercial Lease Administration experience
- Commercial Real Estate landlord side experience and development experience a plus
- Excellent interpersonal skills, organizational skills and ability to multitask
- Strong analytical and time management skills
- Must be proficient in Word and Excel
- MRI commercial systems and Timberline-Sage knowledge a plus
In return, we offer competitive compensation, along with comprehensive benefits, including medical and dental and vision benefits, life insurance,
a 401(k) with company match and a corporate team environment with opportunity of advancement. Also includes on-site company fitness gym, discounts on housing and home appliances.
For immediate consideration, please apply online at www.edgewoodproperties.com/careers.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
