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Commercial Real Estate Portfolio Manager
3 weeks ago
Job Overview
We specialize in acquiring, adding value, managing and selling CRE properties with the goal of maximizing investor returns.
Our portfolio includes commercial retail properties, medical buildings, daycare facilities, single-family residents and commercial land across the country.
Key Responsibilities
- Oversee day-to-day operations of commercial real estate portfolios, including office buildings, retail centers, industrial properties, and other assets
- Coordinate property maintenance activities, capital expenditures, and improvement projects to enhance asset value and tenant experience
- Manage third-party vendor payments and on-time mortgage payments
- Maintain and manage insurance coverage and manage claims
- Enter lease agreement information & rent schedules in Yardi
- Communicate with management and tenants regarding billing and lease language
- Enter deposits and apply payments to tenant accounts, as needed
- Assist with tenant aged receivables audits and collection efforts
- Calculate tenant overage % rents and % in lieu rents and post charges to tenant accounts in Yardi
- Collect and populate data into a cash flow spreadsheet
- Review GL for income and expense entries that require reclassification
- Review and analyze leasing projections and activity
- Assist with preparation of lender and investor reporting
- Collaborate with leasing teams to ensure lease compliance, accurate documentation, and timely renewal negotiations
- Identify potential risks and opportunities related to lease terms and conditions
- Establish and maintain positive relationships with tenants to enhance satisfaction, address concerns, and ensure retention
- Set-up reconciliation data and calculation format in Yardi
- Prepare tenant year-end reconciliation calculations, either manually or in Yardi
- Post tenant year-end reconciliations charges/credit to tenant accounts in Yardi
- Respond to all tenant inquiries and audits related to year-end reconciliations, working with corporate
- Gather budget year income projections from property management and leasing and enter Yardi Budget Module
- Gather budget year expense projections from property management and corporate accounting and enter the Yardi Budget Module
- General administrative duties that support company executives
Requirements
- Minimum 3 years professional experience in property management in Yardi is required
- Advanced experience reading and interpreting leases and related documents as well as financial information contained in accounting software, spreadsheets, financial statements, etc., required
- Expert-level proficiency working with Yardi and Microsoft Office Suite (Excel) required
