Real Estate Portfolio Manager

Learning Care Group•Novi, CA

1d•$87,500 - $95,000

About The Position

Oversee approximately one-third (+/- 350 locations) of the Company’s real estate portfolio, the majority of which is leased. Work closely with other departments (both at headquarters and in field operations), third-party consultants and the Company’s landlords toward achieving the strategic goals and driving positive outcomes for the portfolio. Responsible for the preparation, maintenance, completion, and distribution of various reports.

Requirements

Bachelor’s degree in real estate or accounting, Finance, Business or Paralegal studies.
Minimum 5 years of experience in multi-unit commercial real estate with a focus on asset management, lease administration, as a real estate paralegal, or in general commercial real estate development.
Excellent customer service and follow-up skills with both internal and external customers.
Capable of working with frequent interruptions and changing priorities.
Effective communication skills, written, verbal and interpersonal. With both internal stakeholders and the landlord community.
Proficient time management, organizational skills, and ability to meet established deadlines.
Must be able to perform, with or without reasonable accommodation, all essential functions of the job.
Working knowledge of lease administration databases/programs.
Proficient in Microsoft Word, Excel, Co-Pilot, and Outlook.
Detail-oriented when drafting LOIs, lease amendments, letter agreements and similar documents.
Comfortable presenting and partnering with all levels of management.
Ability to handle conflict with and complaints from landlords and field operations.
Demonstrated data analysis, conceptual and problem-solving skills.
Understanding and interpretation of location P&L statements.
Familiarity with basic property maintenance, repair and construction terms, standards, and protocol.
Resourceful negotiator (persistent to follow through/keep at it until favorable results are achieved).
Successfully handle large volume of daily activity while maintaining quality.

Nice To Haves

Lucernex experience a plus.
Previous understanding of troubleshooting in a property management environment a plus.

Responsibilities

Negotiate lease renewal/extension or lease termination terms, including amount to be paid, length/timing, tenant improvement allowances, critical lease clauses and/or landlord work, etc.
Research properties including analyzing/determining the area market rents, nearby vacancy rates, positioning of the property’s location and its nearby competition, local demographics, economic information, etc.
Prepare and/or review leases, lease amendments, renewal option exercises, letter agreements, notices, purchase, and sale agreements (PSAs), confidentiality and non-disclosure agreements (CNDAs), subordination, non-disturbance, and attornment agreements (SNDAs), estoppel certificates, legal descriptions, zoning restrictions, reciprocal easement agreements (REAs), surveys, planned unit developments (PUDs), title reports and declarations of covenants, conditions, and restrictions (CCRs), etc.
Continual monitoring of critical dates, providing advance notice to management of upcoming decisions which need to be made and recommending appropriate action(s).
Assist in the timely review and authorization for payment landlord billings for rent (including CPI-based calculations), CAM, insurance, and real estate taxes.
Forensically review amounts previously or currently being paid to landlords to identify possible errors or irregularities.
Preparation of reports for and participation in periodic property/portfolio reviews, which can require detailed market research.
Participate with internal partners in meetings to discuss strategy around existing schools for extension of term, merge on closure.
Partner with Facilities team in obtaining Landlord approval for school construction projects & any other landlord approvals or action that would need to be taken to resolve a Facility issue.
Research of and compliance maintenance with key lease provisions.
Liaison with the Company’s landlords, handling virtually all incoming and outgoing correspondence, including the coordination of site inspections by landlords, lenders, and their agents; maintaining/enhancing relationship with landlords is critical.
Plan, coordinate and manage the school closing and surrender process.
Review opportunities for sale or sublease of surplus, underutilized or non-strategic assets, and where applicable, provide information to the Company’s brokers in this regard.
Provide information to the Company’s consultants for the appeal of assessed values to minimize real property tax expense.
Periodically will need to travel to corporate headquarters for meetings.

Benefits

Compensation based on position, education and experience.
Bi-weekly paid.
This position is eligible for our Support Central bonus program which is based on annual achievement of company performance.
Employees are eligible for a variety of health and welfare benefits based on their Full-time or Part-time status on their date of hire, which include medical, dental, vision, healthcare & dependent care flexible spending accounts (FSAs), life insurance, disability, accident, critical illness, hospital indemnity, pre-paid legal, pet insurance and identity theft protection.
Employees are eligible to participate in our 401(k) retirement plan after 30 days of employment.
Participating employees are also eligible to receive a company provided match on their elective deferrals once they reach 1 year of employment with the company.
Education assistance including tuition reimbursement
Childcare discount available to all employees
Corporate partner Discounts
This position is eligible for paid time off.
All Corporate employees are enrolled in our Flexible Paid Time Off (PTO) plan.
This plan allows for flexibility and discretion between employees and managers in taking time off - with no set accrual for vacation or sick time.
Employees can use Flexible PTO for any reason and is compliant with the Colorado Healthy Families Work Act.