Commercial Management Associate

Greystar; North Carolina; On-site; USD 75,000 - 80,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Onsite housing discount

Paid time off

Sabbatical

401(k) match

Parental leave

Employee assistance program

Life insurance

Job summary

Greystar is seeking an experienced commercial property management professional in North Carolina to support lease administration, budgeting, and lease abstracting for mixed-use communities. You will collaborate with local leadership and management teams to ensure lease compliance and accurate financial reporting.

The role requires at least five years of relevant experience, strong knowledge of CAM and lease terms, and proficiency with Yardi or similar software.

Qualifications

• Minimum of 5 years of commercial property management and/or lease administration experience.
• Experience utilizing Yardi or similar property management software platforms.
• Knowledge of and experience with the CAM reconciliation process.
• Strong understanding of commercial lease terms, property operations, and financial reporting.
• Ability to manage multiple priorities while maintaining a high level of accuracy and attention to detail.

Responsibilities

• Assist real estate leaders in interpreting tenant leases and landlord contractual obligations.
• Guide local management on lease-related concerns.
• Create lease abstracts with all key financial, business and legal information.
• Support operating budget preparation by reviewing income assumptions for accuracy.
• Assist CAM reconciliations and tracking of percentage rent.
• Review rent roll accuracy in management software; establish commercial pro-rata share.
• Provide Webex training on lease abstracts and language.
• Prepare default notices for tenants in breach per lease terms.
• Support new business pursuits on mixed-use projects.

Skills

Property management

Lease administration

CAM reconciliation

Lease terms

Financial reporting

Budgeting

Attention to detail

Tools

Yardi

Job description

About Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

About Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

Job Description Summary

Supports the execution of strategies and programs that assist the Company in the management of mixed-used communities where Greystar acts as the property management company of both the residential and commercial components.

Job Description

• Assists local real estate leaders and management teams in interpreting tenant leases and landlord contractual obligations.
• Acts as a resource for local management teams by providing guidance on handling concerns as it relates to lease specifications.
• Generates lease abstracts outlining all key financial, business and legal information that exists in the commercial real estate lease and communicates all unusual lease provisions, financial obligations and other pertinent information.
• Assists local management teams with operating budget preparation by reviewing income assumptions for both accuracy and soundness in mechanics and strategy.
• Assists local management teams with calculating annual CAM reconciliations and tracking of percentage rent.
• Reviews management software systems for accuracy of key components such as the rent roll to ensure correct square footages and rents. Establishes the commercial pro-rata share for expense allocation.
• Creates and conducts webex training sessions to ensure local management teams understand key lease abstract information as well as lease language.
• Works closely with local management teams to prepare default notices for tenants that are in default per the specific lease terms.
• Assists with new business pursuits where possible on mixed-use projects.

Requirements

• Minimum of 5 years of commercial property management and/or lease administration experience.
• Experience utilizing Yardi or similar property management software platforms.
• Knowledge of and experience with the CAM (Common Area Maintenance) reconciliation process.
• Strong understanding of commercial lease terms, property operations, and financial reporting.
• Ability to manage multiple priorities while maintaining a high level of accuracy and attention to detail.

The salary range for this position is $75,000 - $80,000

Additional Compensation

• Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.
• Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Robust Benefits Offered*:

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
• Charitable giving program and benefits.
• Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.

Greystar is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law.

Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [e-mail].