Regional Property Manager
About The Position
Regency Centers is seeking a Regional Property Manager for its regional office in Bethesda, Maryland. This onsite role reports to the Senior Regional Property Manager and is responsible for the operations, maintenance, and financial performance of an assigned portfolio, including centers managed directly and centers managed by direct-report Property Managers. The goal is to maximize portfolio NOI. The role drives decisions about the portfolio’s fiscal and physical performance, manages the property management team, oversees tenant improvements and landlord work, and works with the investment team on redevelopment planning and implementation. The Regional Property Manager also builds relationships with tenants, municipalities, and the community, and represents Regency at regional and industry events. Regular travel within the region and responses to after-hours property emergencies are required. Regency Centers owns and operates premier shopping centers and is a vertically integrated real estate company and qualified REIT. Its portfolio includes centers serving their communities through grocers, restaurants, service providers, and retailers.
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, including planning, delegating, informing, hiring and staffing, motivating, and developing direct reports.
- Customer focus, interpersonal savvy, oral and written communication skills.
- Priority-setting, decisiveness, time-management skills, and ability to work in a team environment.
- Trust, integrity, an ownership mindset, cost discipline, and attention to detail.
- Ability to manage change and adapt quickly to learning situations.
Nice To Haves
- Real estate license.
- Membership in ICSC and regular attendance at local events.
- Property management experience overseeing a minimum of 1.5 million square feet.
- Working knowledge of JD Edwards or other accounting software.
Responsibilities
- Manage the operations, maintenance, and financial performance of an assigned portfolio, including directly managed centers and centers managed by direct-report Property Managers, with the goal of maximizing portfolio NOI.
- Drive decisions concerning the portfolio’s fiscal and physical performance, including reducing open accounts receivable, increasing income and ancillary revenue, growing rents, managing operating expenses and recoveries, assessing troubled tenants, and making recommendations.
- Prepare budgets and monthly and annual financial reports in accordance with NOI objectives.
- Work closely with the regional officer and understand the leasing plan for the calendar year.
- Monitor market conditions and the health of tenants in assigned portfolios.
- Oversee the physical plant, make improvements through capital expenditures, and ensure center safety.
- Develop, manage, inspire, and motivate the property management team to meet production goals and maintain accuracy and optimal customer service.
- Coach and develop team members, support succession planning, and assist in creating individual development plans.
- Foster relationships with tenants, municipalities, and the community.
- Promote Regency’s brand through participation 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).
- 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 benefits, including supplemental life/AD&D, critical illness, accident, hospital indemnity, and identity theft coverage.
- Student loan repayment resources.
- Medical, dental, and vision insurance.
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
