Assistant Property Manager

Bridge33 Capital • Chicago, IL

1d • Hybrid

About The Position

Bridge33 Capital is a rapidly growing, vertically integrated real estate private equity firm specializing in open-air retail real estate. Poised to launch its next fund—a pivotal milestone—the Company remains dedicated to driving value at every stage of the investment lifecycle. We are seeking a COMMERCIAL REAL ESTATE ASSISTANT PROPERTY MANAGER, who is looking to learn and grow into a Commercial Real Estate Property Manager and beyond! This role is 4 days/week in-person, and 1 day/week work from home, based in our downtown Chicago office. Come make your mark as an integral part of Bridge33 Capital!

Requirements

• Minimum of 2 years’ experience or training in commercial real estate.
• Ability to analyze and interpret financial reports, budgets, contracts and similar documents necessary to manage and operate a shopping center.
• Demonstrate sound verbal and written communication skills.
• Ability to adapt to a dynamic work environment.
• Knowledge of lease financial terms and principles, including rent calculations, operating expense management and reconciliations.
• Ability to calculate intermediate figures such as percentages, discounts, and/or commissions.
• Conducts basic financial analysis.
• Ability to make decisions based on real estate business practices and procedures as well as company policies to achieve set results and deadlines.
• Responsible for setting own project deadlines when necessary.

Responsibilities

• Supports the Property Manager in managing all aspects of property management functions for Bridge33 assets, including tenant and vendor relationships, lease obligations, construction management of tenant improvements, and rental collections.
• Responds to tenant needs with a sense of urgency, ensuring any issues or repairs are addressed and resolved promptly and in a cost-effective manner.
• Ensures services are provided in compliance with company policies, procedures, regulations, and contractual obligations and standards.
• Performs periodic property inspections and completes site audit forms.
• Recommends and/or approves alterations, maintenance, and reconditioning as necessary.
• Bids, secures, and administers service agreements with vendors and suppliers while achieving the best value for the asset, requiring tactful negotiation skills.
• Achieves cost savings without sacrificing services.
• Resolves maintenance issues, administration of property improvements, and oversight of existing conditions to achieve the long-term preservation of the shopping center.
• Coordinates tenant move-ins and move-outs, and "walk-through" spaces with tenants and manages tenant improvement projects, including oversight of tenant's general contractor's work.
• Prepares and delivers timely, accurate, and complete asset updates and reports as required.
• Develops and controls annual budgets for operating expenses and rent rolls.
• Forecasts management plans and reviews/audits monthly rent roll report and monthly account receivable (A/R) aging report, explaining variances.
• Assists with creating tenant lease abstracts and manages all critical dates and actions for the Property Manager’s direction and approval when required.
• Assesses risks and implements facility preparation, assessment, and recovery strategies, as part of business continuity program during and after normal business hours.
• Collects rent and pays expenses in compliance with lease terms.
• Prepares all required legal notices.
• Recommends and coordinates legal action as necessary.
• Collaborates with Property Manager to develop and manage strong tenant retention by cultivating deep tenant relationships.
• Maintains strong business relationships with property vendors.
• Proactively manages tenant relations to keep a pulse on the asset and the overall market.
• Develops new business relationships through membership participation in professional industry/trade and civic organizations.
• Responds 24 hours, 7 days per week to any tenant issue or property emergency.
• Performs other duties as assigned.

Benefits

• Fast paced and dynamic work environment, including frequent interaction with the senior management team.
• Generous paid time off policy.
• Company sponsored medical, dental and vision insurance.
• Company paid life insurance.
• Company paid short- and long-term disability insurance.
• Paid parental leave.
• 401k plan with Company match.
• 11 paid holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed