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Commercial Real Estate Manager

1 month ago

Seattle, United States BGSF Full time
Real Estate Manager

Direct Hire; $110K - $120K (Salaried) plus 10% bonus

Seattle, WA 98104

Essential Functions

• Develop and implement a management plan for assigned properties to achieve investor return expectations while complying with company objectives and applicable law

• Evaluate market conditions for each property and real estate investment climate that will affect business plan strategies.

• Communicate competitive environment and market expectations to ownership

• Forecast competitive space availability for each property and develop marketing and pricing recommendations that will maximize the asset value of each property. Forecast absorption of project vacancy

• Develop short and long-term operational programs that will achieve or surpass cash flow objective and maximize the asset value of each property

• Develop and maintain operations and capital expenditures budgets

• Bid sourcing for contract services and capital expenditures, contract development for Manager and Landlord approval and insurance compliance

• Develop and enforce/collect on all CAM Reconciliations and CAM Estimates

• Develop strategies to mitigate vacancy risk for individual properties

• Work in conjunction with leasing personnel or 3rd party leasing personnel on leasing strategy for each building, and assist with lease renewals, if applicable

• Execute company 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 tenant, hospital clients, and property management

• Evaluate costs on a continuing basis by monitoring each property's performance and results against approved budgets, recommending and/or improving necessary adjustments to achieve the scheduled cash flow or asset value objectives

• Communicate objectives for the property to Real Estate Management team to aid in the fulfillment of their duties

• Negotiate, review, and monitor third party management contracts and performance under those contracts

• Review operating reports on a monthly basis for each property and ensure operating expense reconciliations are accurately prepared and oversee completion of periodic owner's reports

• Develop and maintain relationships with major 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

QUALIFICATIONS

Education

BA/BS Degree Finance, Real Estate, related field Preferred

Work Experience

3+ Years Commercial real estate analysis/management Preferred

1+ Years Property management/leasing/operations Preferred

2+ Years Managing people Preferred

Skills

Proficient with Microsoft Office/Suite software

Proficiency with Excel, Timberline, Yardi, MRI

Analytical and organizational skills

Strong written and verbal communication skills

Client and team management skills

Licenses and Certifications

Real Estate License Preferred