Lease Administrator

1 month ago


Red Bank, New Jersey, United States First National Realty Partners Full time
Job Title: Lease Administrator

At First National Realty Partners, we are seeking a highly skilled Lease Administrator to join our team. As a key member of our organization, you will be responsible for overseeing all aspects of lease maintenance for a designated portfolio of commercial properties.

Key Responsibilities:
  • Administer and manage a portfolio of retail leases, ensuring accuracy and compliance with terms and conditions.
  • Review and interpret lease agreements to facilitate precise tracking and comprehensive reporting.
  • Collaborate with internal and external stakeholders to address inquiries, provide clarification on lease-related matters, and equitably resolve disputes and discrepancies.
  • Oversee the billing and collection of all Rent and Additional Rents, including Base Rent, Operating Expense Revenue, Percentage Rent, CPI Adjustments, Co-Tenancy/Alternate Rents, and Direct Tenant Billings.
  • Monitor accounts receivable activity and orchestrate collection efforts for a designated portfolio.
  • Evaluate present and proposed tenancy conditions for designated portfolio and maintain on-going knowledge of various occupancy requirements and use restrictions.
  • Sales Reporting & Percentage Rent Compliance: Collect, record, monitor and report gross sales amounts as provided by Tenants.
Requirements:
  • Bachelor's degree in business or related field; proven industry experience acceptable in lieu of a degree.
  • 2-5 years prior experience as a commercial lease administrator.
  • Knowledge of Commercial Real Estate Lease Structures (Retail Preferred).
  • Prior experience related to the retail asset class preferred.
  • Prior experience drafting leases and performing lease abstracts.
  • Prior experience with Microsoft, MRI, or other related real estate accounting and project management software strongly preferred.
  • Excellent oral and written skills are required.
  • Prior paralegal experience is a plus.
  • Great problem-solving skills.
  • Ability to work as an individual and collaborate with a team.
  • Ability to multitask and prioritize high-level tasks.
About First National Realty Partners:

First National Realty Partners is a dynamic private equity firm that's reshaping the commercial real estate landscape. Our vertically integrated structure provides the #1 option for accredited investors looking to earn superior risk-adjusted returns in the necessity-based retail space. Our trusted relationships with top national-brand tenants give our team game-changing intelligence and maneuverability in the industry, specializing in grocery-anchored properties.

We strive to be a responsible organization that creates value for all our stakeholders alike, including tenants, communities, investors, and employees. Our world-class team is united by the same core values as well as dedication toward FNRP's vision: to create a world where everyday accredited investors can invest in world-class institutional quality grocery-anchored commercial real estate.



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