Property Manager

Regency Centers•Bethesda, MD

18d•$85,000 - $110,000•Onsite

About The Position

At Regency Centers, our people are our greatest asset, and we believe that our highly skilled and talented team makes us better. We are seeking a Property Manager to join our Washington, D.C. (Bethesda, MD) regional office. This position will be based out of our office in the Westbard Shopping Center, located in Bethesda, Maryland and require onsite presence 5 days a week. The Property Manager will be responsible for supporting the management of property operations, maintenance, and events for The Westbard shopping center, as well as other assigned assets. Westbard Shopping Center is a one of a kind retail and entertainment destination that is still in development and currently comprises a total of approx. 128,000 square feet of retail space and office space, a parking garage and approximately 20 active tenants. Phase II, which is currently under development will encompass a Green space, an additional parking garage, more residential and approximately 20,000 square feet of retail. All of this nestled between 101 townhomes that are also under construction.

Requirements

Bachelor’s degree in Real Estate, Business Administration, Finance, Accounting, Marketing, Communications, Hospitality or related field from an accredited institution (an additional 5+ years of exceptional related experience may be considered in lieu of Bachelor’s degree)
Minimum of two (2) years of small commercial property management experience
Intermediate level proficiency with current Microsoft Office software, email and Internet research functionality
Quantitative and analytical skills
Strong written and verbal communication skills

Nice To Haves

Experience managing mixed-use developments, particularly with retail, multi-family, office, and hotel components
Knowledge of GAAP, leasing, contracts, and industry-related terminology
Active member of a recognized commercial real estate professional group such as ICSC or ULI
Working knowledge of JD Edwards, Nexus, or other accounting software
Experience with garage/parking management
Familiarity or experience working with building trades (plumbing, painting, roofing, electrical, HVAC, etc.)
Familiarity with construction and building concepts

Responsibilities

Assist in the execution of a strategic business plan through individual contributions and support of the Regional Property Manager of assigned asset(s).
Use expertise to drive decisions regarding fiscal and physical performance of the assigned asset(s) (i.e. Reduce open A/R balances, increase income, grow rents, manage operating expenses, analyze troubled tenants and make recommendations, prepare budgets, prepare monthly and annual financial reports) in accordance with NOI objectives.
Establish meaningful relationships and understand the business of all merchants and tenants by gathering and analyzing information to maximize the sales productivity of the property.
Increase the velocity, volume and quality (e.g. matching consumers with merchants and driving sales) of consumer traffic to the property. This includes enhancing the consumer experience and promoting repeat traffic.
Maximize property cash flow by managing CAM and operating costs, identifying and implementing cost saving programs, and, where appropriate, identifying and executing value added opportunities.
Responsible for properties’ physical plant (i.e. Property inspections, bidding contracts, signage approval, make improvements through capital expenditures, ensure safety of center).
Oversee tenant improvements to ensure they are in accordance with lease, building standards and local code requirements.
Manage capital expenditure projects in collaboration with construction and/or tenant improvement team.
Collaborate with development and construction teams on development / redevelopment projects.
Establish relationships with the local community (residents, community groups, elected officials, businesses, etc.) to advance the strategic plan (i.e. address and follow up on tenant concerns, active participation in community/HOA meetings & events).
Assist in implementing operational aspects of marketing events for assigned asset(s) and attend marketing events and property activations to enhance consumer experience by ensuring events meet Class A standards and drive traffic to the center(s). Night and weekend presence at these events will be required at times.
Assist with identifying and implementing ancillary income & sponsorship opportunities that support the asset’s strategic plan.
Collaborate with leasing team on tenant selection and lease renewals.
Work on special projects/ongoing initiatives according to current needs.
Day to day management of property vendors (full-time contract vendors, R&M vendors, scheduled PM Vendors).
Respond to property needs after business hours and on an emergency basis to ensure the safety of guest/tenants as well as maintain a “Class A” operating standard.

Benefits

23+ PTO days annually
11 paid holidays (in addition to PTO)
Paid leave programs (parental, compassion, bereavement, jury duty, and military)
Health Advocacy + Employee Assistance Program (EAP)
401(k) with a generous company match plus corporate profit sharing
Anniversary stock grant awards
Health Savings Account (HSA), Health Care FSA, and Dependent Care FSA
100% company paid Life Insurance/AD&D and Disability Insurance
Voluntary benefits (supplemental life/AD&D, critical illness, accident, hospital indemnity, and identity theft)
Student loan repayment resources
Medical, Dental and Vision Insurance
Award winning and incentives-based wellbeing program through Personify Health
Family planning, mental health, and pain management programs
52 hours per year of paid Volunteer Time Off
Company gift matching
Tuition reimbursement
Continued education opportunities
LinkedIn Learning premium subscription
Professional membership support
Employee Resource Groups