Regional Property Manager
About The Position
Regency Centers is seeking an onsite Regional Property Manager for its regional office in Bethesda, Maryland. Reporting to the Senior Regional Property Manager, this role oversees operations, maintenance, and financial performance for an assigned portfolio, including centers managed directly and centers managed by direct-report Property Managers. The goal is to maximize portfolio net operating income (NOI). The Regional Property Manager drives decisions about the portfolio’s fiscal and physical performance, works with regional leadership on leasing plans, monitors market conditions and tenant health, and oversees the physical condition and safety of the centers. The role also leads and develops the property management team, builds relationships with tenants and local communities, and oversees tenant improvements, landlord work, and redevelopment planning in partnership with the investment team. The Maryland hiring salary range is $150,000–$165,000 annually, with eligibility for a 20% target bonus opportunity. The position requires regular travel within the region and the ability to respond to after-hours property emergencies. Regency Centers does not sponsor employment-based immigration petitions or applications for this position.
Requirements
- Bachelor’s degree in Business Administration, Finance, Accounting, Real Estate, or a related field.
- At least 5 years of commercial property management experience, including supervisory experience.
- Experience managing retail properties, such as grocery-anchored shopping centers or malls.
- Quantitative and analytical skills.
- Knowledge of GAAP, leasing, contracts, and industry-related terminology.
- Intermediate proficiency with current Microsoft Office software, email, and internet research functionality.
- Working knowledge of building systems, including roofing, HVAC, paving, electrical, plumbing, and fire protection, as well as construction and project management.
- Ability to travel regularly within the region and respond to after-hours property emergencies.
- Sales and negotiation skills; leadership skills in planning, delegating, informing, hiring and staffing, motivating, and developing direct reports; customer focus; interpersonal, oral, and written communication skills; priority-setting, decisiveness, and time-management skills; ability to work in a team environment; trust and integrity; ownership mindset, cost discipline, and attention to detail; and adaptability to change.
Nice To Haves
- Real estate license.
- Membership in ICSC and regular attendance at local events.
- Property management experience overseeing at least 1.5 million square feet.
- Working knowledge of JD Edwards or other accounting software.
Responsibilities
- Drive decisions about the fiscal and physical performance of the assigned portfolio, including reducing open accounts receivable, increasing income and ancillary revenue, growing rents, managing operating expenses and recoveries, evaluating troubled tenants, and preparing budgets and monthly and annual financial reports in support of NOI objectives.
- Work closely with the regional officer and understand the leasing plan for the calendar year.
- Stay informed about market conditions and the health of tenants in the assigned portfolios.
- Oversee the physical plant, including improvements through capital expenditures and the safety of centers.
- Develop, manage, inspire, and motivate the property management team to achieve production goals and provide accurate, high-quality customer service.
- Coach and develop team members, plan for succession, and assist in creating individual development plans.
- Build relationships with tenants, municipalities, and the community; promote Regency’s brand by participating in regional and industry events.
- Oversee tenant improvements and landlord work.
- Work with the investment team on redevelopment planning and implementation.
- Travel regularly within the region and respond to after-hours property emergencies.
Benefits
- 23+ PTO days annually.
- 11 paid holidays in addition to PTO.
- Paid leave programs for parental leave, compassion, bereavement, jury duty, and military service.
- Health Advocacy and Employee Assistance Program (EAP).
- Hybrid work schedule and modified in-office hours.
- 401(k) with a generous company match and corporate profit sharing.
- Anniversary stock grant awards.
- Health Savings Account (HSA), Health Care FSA, and Dependent Care FSA.
- Company-paid life insurance/AD&D and disability insurance.
- Voluntary supplemental life/AD&D, critical illness, accident, hospital indemnity, and identity theft benefits.
- Student loan repayment resources.
- Medical, dental, and vision insurance.
- 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 and continued education opportunities.
- LinkedIn Learning premium subscription.
- Professional membership support.
- Employee Resource Groups.
- Eligibility for a 20% target bonus opportunity.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
