Property Manager

Federal Realty Investment Trust • La Mesa, CA

14d • $135,000 - $155,000 • Onsite

About The Position

Federal Realty Investment Trust is a leader in premium retail real estate, known for its ownership, operation, development, and redevelopment of properties in prime markets. Despite being one of the largest publicly traded real estate investment trusts, the company operates with a small-company dynamic, encouraging initiative and broad involvement from its team members. The company is seeking a Property Manager based in La Mesa, California, to oversee the operations of Grossmont Center and Escondido Promenade. This role requires experience in retail property operations, including implementing policies, setting up controls, and establishing best practices. The Property Manager will collaborate with regional financial and strategic directors to enhance property value and will be influential in operations, tenant relations, security, procurement, contract management, and risk management to achieve maximum productivity and profitability while upholding corporate standards. The ideal candidate will possess high personal integrity, intelligence, and broad thinking capabilities.

Requirements

• Minimum of 5 years’ prior property management experience
• Experience managing retail shopping centers is preferred
• Bachelor's Degree required or equivalent experience
• Excellent computer skills with proficiency in MS Office software
• Demonstrated experience budgeting, monitoring expenses, preparing monthly management and financial reports, and processing accounts payable
• Previous direct responsibility for negotiating and monitoring maintenance projects and service contracts
• Excellent communication skills and customer focus
• Well organized with excellent time management skills
• Demonstrated ability to apply principles of logical thinking to define problems, collect pertinent data, establish facts, draw valid conclusions and initiate appropriate course of action
• Ability to perform essential on-site property inspections, including walking or standing for extended periods, with reasonable accommodations as needed

Nice To Haves

• Experience managing retail shopping centers

Responsibilities

• Serve as the primary point of contact for all merchant’s daily operating needs including general maintenance, tenant utilities, trash and parking management and respond in a timely manner.
• Manage service providers responsible for the day-to-day operational needs of the shopping center including repair and maintenance, landscaping, housekeeping, waste removal, security, etc., ensuring that property standards are maintained.
• Supervise on-site property operations team while developing and maintaining operational standards and procedures.
• Develop and implement proactive strategies to resolve property operational and compliance-related challenges.
• Develop and maintain positive tenant relations. Obtain tenant intel on sales and market comps.
• Perform regular site inspections to assess physical property condition, compliance and overall administration.
• Develop and review annual property operating budgets, monitor all purchases and expenses to ensure cost effectiveness and compliance with budget parameters, prepare monthly variance reports and quarterly budget reforecast reports. Manage all controllable expenses within budget without compromising the portfolio’s integrity.
• Create and maintain capital improvement plans while coordinating the specification, bidding, and execution of major maintenance projects and service agreements.
• Submit all routine reports including activity reports, variance reports, property inspections, roof inspections and lighting reports in a timely manner.
• Work cooperatively with Project Managers in Tenant Coordination to expedite the completion of Landlord work, delivery of spaces to tenants and the opening of tenants for business.
• Identify the significant issues affecting the property's performance. Implement programs or make recommendations to correct problems and enhance positive aspects of the property.
• Assist with performing A/R management via phone contacts, in person meetings and collections. Review and report status.
• Process all payables associated with assigned portfolio in timely manner.
• Develop and maintain a system for tracking vendor insurance certificates.
• Complete other various special projects and duties as assigned.

Benefits

• The typical total cash compensation range for this role is $135,000–$155,000 per year, inclusive of base salary and any applicable bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level