Real Estate Manager

2 weeks ago

Detroit, United States BGSF Full time

Real Estate Manager - Commercial Medical Office Direct Hire; $85K - $95K plus 10% bonus Livonia, MI 48152 Lenox, MI 48048

*will oversee 3 properties

Works with VP of Real Estate Management on Strategies to: Develop and implement management plan for assigned properties to achieve investor return expectations while complying with company objectives and applicable law. Forecast competitive space availability for each property and develop marketing and pricing recommendations that will maximize the asset value of each property. Develop short and long-term operational programs that will achieve or surpass cash flow objectives and maximize the asset value of each property. Develop strategies to mitigate vacancy risk for individual properties. Leasing Management and Tenant Improvement Coordination: Work in conjunction with VP of Real Estate Management on leasing strategy for each building, if applicable. Work with VP of Design and Construction to: Execute process standards for tenant coordination including tenant finish standards, blocking plans, risk management, pricing presentations, invoicing for tenant contributions, punch lists, commissioning meetings, etc. Monitor build-out to assure compliance with lease agreements, construction schedules, tenant expectations, lender requirements, and construction guidelines for the project. Maintain open, effective communication between tenants, hospital clients, and property management. Operations: Evaluate on a continuing basis operating cost by monitoring each property's performance and results against approved budgets, recommending and/or approving necessary adjustments to achieve the scheduled cash flow or asset value objectives. Conduct visits on an as-needed basis to assigned properties to: Ensure all aspects of property management are in full compliance with owner quality standards, policies, and procedures. Ensure proper procedures are enforced to manage and monitor operating costs within established budgets. Negotiate, review, and monitor third party vendor contracts and performance under those contracts. Ensure that emergency plans are in place for all properties. Financial: Review monthly operating reports for each property, provide budget variance comments, and ensure operating expense reconciliations are accurately prepared. Prepare annual property operating budget and make recommendations for capital improvement projects. Oversee completion of periodic owners' reports Work with Accounting in the Denver office to manage the accounting process and collection process. Client/Tenant Services: Develop and maintain relationships with all tenants to demonstrate the Company's commitment to 'quality service', quality facilities, and positive, prompt, and effective customer service. Responsible for creating strong internal and external relationships. Managing and enhancing hospital relationships within an assigned portfolio, creating viable long-term partnerships Providing support and knowledgeable information to our hospital partners; acting as the 'go to' resource and primary point of contact. Initiate creativity to develop solutions with the goal of consistently exceeding expectations. Monitor responsiveness to tenant requests for services and general customer service and satisfaction. Personnel Management, if applicable: Supervise performance of direct reports providing feedback, evaluation, and recommendations for training and professional development Establishes written goals and objectives for direct reports and conducts periodic formal and information performance evaluations. Ensure compliance of employment policies and address any personnel performance issues Skills, Knowledge, and Expertise Education: Bachelors degree in finance, Real Estate, or related field - Preferred Work Experience: 5+ years of commercial property management/operations experience with an emphasis in healthcare and life science properties - Required Skills: Highly developed verbal and written communication skills Ability to work independently and as part of a team. Intermediate computer skills utilizing Microsoft Office Suite software: experience with MRI and Yardi a plus. Proactive thinking with detail-oriented and creative problem-solving approach. Strong client and tenant management skills Solid analytical and organizational skills and ability to multi-task and prioritize. Ability to give and take directions and to interface with decision makers in a professional manner and maintain confidential information. Superior interpersonal skills, ability to collaborate with a variety of personalities with professionalism. Ability to write business correspondence, demonstrating business acumen. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. Must be able to thrive in a fast-paced environment Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. Positive can-do attitude Self-starter, able to work with minimal supervision. Licenses: Michigan Real Estate License - Required Broker License - Strongly Preferred

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