Property Manager
Vestar Properties Inc•Phoenix, AZ
•Onsite
About The Position
Vestar 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. Vestar has over 30 million square feet currently under operation and management. The position of Property Manager is to provide the direct supervision of the physical asset and oversight of the staff required to facilitate the operation of assets managed by Vestar. Supervision includes monitoring both the physical and financial aspects of the property.
Requirements
- 4-year College Degree Preferred
- 3-5 years’ Retail Property Management Experience
Responsibilities
- Directly supervising and training office support staff, including Assistant Property Manager and Administrative Assistants
- Preparing annual budgets (please see annual budget instruction section)
- Enforcing project leases and other governing documents (CC&R’s, REA’s, OEA’s, etc.)
- Ensuring landlord compliance to all governmental and non-governmental laws which affect the property
- Invoicing and collecting all charges outlined under the leases or other property documents which govern the property
- Informing ownership of incidents which may affect the property and influence, the owner’s decision-making process (e.g., new projects in the trade area, road closures, tenant bankruptcies, etc.)
- Negotiating and documenting, with the direct approval of the Vice President, select lease renewals, and, if applicable, new leases
- Review and approval of annual Common Area Maintenance Reconciliations
- Review of draft lease abstracts completed by lease administration team
- Recommending and preparing bids for ownership review on capital projects
- Serving in an advisory role for property Merchants Association and Marketing if required
- Supervising Specialty Leasing program if required
- Ensuring that tenant issues and concerns are being responded to in a timely manner
- Completing monthly cash flow forecasts and operating reports
- Collecting rents and other charges
- Ensuring the compliance of tenants to lease requirements
- Carrying out regular property inspections
- Ensuring that vacant suites are in lease-ready condition
- Coordinating schedule as tenants move in and move out
- Reviewing tenant gross sales information
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
11-50 employees
