Commercial Property Manager

Vestar; Las Vegas (NV); On-site; USD 70,000 - 100,000; Full time

Job summary

Vestar, a leader in retail real estate, seeks a Property Manager to supervise on-site operations, tenant relations, and staff. The role emphasizes budgeting, lease enforcement, and compliance with state laws, while coordinating with ownership on capital projects and financial reporting.

Ideal candidate holds a Nevada Real Estate License and a Nevada Property Management Permit, with 3–5 years of retail/commercial property management experience, and a 4-year degree preferred.

Qualifications

• 4-year college degree preferred.
• 3-5 years retail/commercial property management experience.
• Must possess and maintain a Nevada Real Estate License in good standing.
• Must possess and maintain a Nevada Property Management Permit.

Responsibilities

• Direct supervision and training of office support staff and Assistants.
• Prepare and monitor annual budgets for assets.
• Enforce leases and governing documents (CC&Rs, REAs, OEA’s, etc.).
• Ensure landlord compliance with applicable laws.
• Invoicing and collection for charges per leases and documents.
• Inform ownership of events affecting property and decisions.
• Negotiate and document lease renewals and new leases with VP approvals.
• Prepare/Review annual CAM reconciliations.
• Recommend bids for capital projects and oversee expenditures.
• Supervise property Merchants Association and Marketing as needed.
• Oversee Specialty Leasing program if required.
• Respond promptly to tenant issues and concerns.
• Complete monthly cash flow forecasts and operating reports.
• Collect rents and other charges; ensure occupancy is lease-ready.
• Coordinate tenant move-in/move-out and maintain records.
• Maintain open communications and adapt to changes for efficiency.

Education

4-year College Degree Preferred

3-5 years’ Retail/Commercial Property Management Experience

Nevada Real Estate License

Nevada Property Management Permit

Valid Driver's License

Job description

Vestar is a nationally recognized leader in the acquisition, management, leasing and development of retail real estate with a significant market share in the Western US. Vestar has over 30 million square feet currently under operation and management and has been acknowledged by both institutional and private-client investors as an industry leader.

Since its inception in 1989, Vestar has become synonymous with integrity and responsibility. As one of the leading privately held real estate companies in the western United States, Vestar acquires, develops, and manages retail and entertainment destinations of varying size and scale that serve as destinations and community focal points.

JOB SUMMARY

The position of Property Manager is to provide the direct supervision of the physical asset and the staff required to facilitate the operation of those assets managed by Vestar. Their supervision includes the monitoring of both the physical and financial aspects of the property. The Property Manager position is typically an on-site position with an office located at the asset.

ESSENTIAL JOB FUNCTIONS

• Direct supervision and training of office support staff, including Assistant Property Manager and Administrative Assistants;
• The preparation of annual budgets (Please see annual budget instruction section);
• Enforcement of project leases and other governing documents (CC&R’s, REA’s, OEA’s, etc.;
• Ensuring landlord compliance to all governmental and non-governmental laws which effect the property;
• Invoicing and collection for all charges outlined under the leases or other property documents which govern the property;
• Informing ownership of occurrences, which may affect the property and influence, the owner’s decision-making process (i.e.: new projects in the trade area, road closures, tenant bankruptcies, etc.);
• Negotiating and document, with the direct approval of the Vice President, all lease renewals, and if applicable new leases;
• Prepare/Review annual Common Area Maintenance Reconciliation’s;
• Recommend and prepare bids for ownership review on capital projects;
• Supervise property Merchants Association and Marketing if required;
• Supervise Specialty Leasing program if required;
• Ensure that tenants issues and concerns are being responded to in a timely manner;
• Completion of monthly cash flow forecasts and operating reports;
• Collection of rents and other charges;
• Compliance by tenants to lease requirements;
• Regular property inspections;
• Ensuring that vacant suites are in lease ready condition
• Coordination of Tenant move-in and move-out;
• Collection of tenant gross sales information;
• Successful for their tenants and in the operation of their properties;
• Enthusiastically dedicated to the fact that all of their efforts are in one-way or another productive of benefits;
• Understanding of the fact that in order to be effective they must devote their attention to a continuing flow of major and minor situations;
• Adaptability to frustration from details, even though these troublesome decisions may be assigned to others within the division;
• Possessed with a clean concept of essential accounting procedures, and although they may not be personally involved in the day-to-day processes, creates the framework and evaluates the results;
• Able to maintain office records and files, which are available for ready reference;
• Adaptable to change or improvements that will enhance the economy, efficiency and productiveness of every aspect of management performance;
• Able to direct the efficient and productive performance of each of their employees and/or the coordination of members of other areas of the division;
• Self-disciplined to the point that they are unruffled by annoyances or disappointments which they accept as integral parts of their professional activities;
• Cheerful toward the owner/partners, employees, tenants and all others who come in contact with them in the conduct of business;
• Pleasantly uncompromising when it comes to matters of established policy;
• Diplomatic and their lines of communication are always open;
• Prompt to respond to all inquiries and makes certain their organization is always available to handle emergencies;
• Integrity, honest and capable
• An innovator and creator, uses their unique talents and skills to insure maximum income and minimum expenses consistent with the long-term economic and physical welfare of properties entrusted to their care.

Required Education and Experience:

• 4-year College Degree Preferred
• 3-5 years’ Retail/Commercial Property Management Experience
• Valid drivers license
• Must possess and maintain a current Nevada Real Estate License in good standing.
• Must possess and maintain a valid Nevada Property Management Permit in accordance with Nevada state licensing requirements.

Vestar is an equal opportunity employer. We celebrate diversity in our workplace and we hire the most qualified candidates without regard for age, ethnicity, gender, gender identity or expression, language differences, nationality or national origin, family or marital status, physical, mental, and developmental abilities (or the perception of a disability), genetic information, race, religion or belief, sexual orientation, skin color, social or economic class, education, work and behavioral styles, political affiliation, military service, caste, or any other characteristic protected by law.