Commercial Lease Analyst
4 weeks ago
Real estate firm is currently seeking a Commercial Lease Analyst to join their team.
ESSENTIAL POSITION DUTIES
- Abstract/Interpret/Summarize commercial and retail leases. Input into Property Management Database.
- Work with Leasing Agents, Legal Department, and Construction and Operations Team on all lease related issues.
- Review and maintain tenant letters of credit. Track expirations. Prepare draw down requests.
- Work with Property Analysts and Accountants to verify and bill RE Taxes, CPI, Porter Wage, Operating Expenses, Utility, Fuel Adjustment escalations and Electric survey pass-thru billings. Ensuring proper abstract of documents to facilitate straight lining of rent.
- Compile and Analyze monthly and quarterly Lease information and Statistics for use in Company Supplemental Information Package.
- Assist in Income Budgeting and Team Presentations.
- Prepare Tenant’s accounts for monthly billing and run rent statements for distribution.
- Respond to billing and lease inquiries from tenants and other departments within the company. Address and investigate issues of accuracy in billing. Prepare any necessary rent adjustment memos.
- Assist in due diligence for newly acquired properties. Review and abstract leases for newly acquired properties. Prepare any required tenant notification correspondence.
- Assist in preparation of information, documents and contract exhibits for properties marketed for sale or refinance (including tenant estoppels).
- Assist in creating customized reports generated through property management database.
SKILLS, ATTITUDE AND EXPERIENCE
Four (4) years of real estate-related experience. Proficient in MSWord, Excel, with the skills necessary to prepare reports, graphs and charts in presentation format. Detail-oriented. Strong verbal and written communications skills and possess the ability to organize and prioritize work. Professional demeanor. Persistent in follow-up. Energetic and enthusiastic team player. Ability to handle multiple projects simultaneously. Property Management Software knowledge required.
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