Real Estate Asset Manager
3 weeks ago
Vestar Properties Inc is a nationally recognized leader in the acquisition, management, leasing, and development of retail real estate with a significant market share in the Western US.
The position of Real Estate Asset Manager involves providing direct supervision of physical assets and oversight of staff required to facilitate operations. This includes monitoring both physical and financial aspects of properties managed by Vestar.
Key Responsibilities:- Directly supervise and train office support staff, including Assistant Property Managers and Administrative Assistants
- Create annual budgets for properties under management
- Enforce project leases and governing documents, such as CC&Rs, REAs, OEs, etc.
- E nsure landlord compliance with governmental and non-governmental laws affecting properties
- Process invoices and collect charges outlined in leases or property documents
- Inform ownership of incidents that may impact properties and influence decision-making processes
- Negotiate and document select lease renewals and new leases with Vice President approval
- Review and approve annual Common Area Maintenance Reconciliations
- Review draft lease abstracts completed by the lease administration team
- Suggest and prepare bids for ownership review on capital projects
- Act as an advisory role for property Merchants Association and Marketing if required
- Supervise Specialty Leasing program if required
- Address tenant issues and concerns in a timely manner
- Prepare monthly cash flow forecasts and operating reports
- Collect rents and other charges
- Ensure tenants comply with lease requirements
- Conduct regular property inspections
- Maintain vacant suites in lease-ready condition
- Coordinate move-in and move-out schedules for tenants
- Review tenant gross sales information
- A 4-year College Degree is preferred
- 3-5 years' experience in Retail/Commercial Property Management is required
$72,000 per year
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