Property Manager

Vestar; Phoenix (AZ); On-site; USD 70,000 - 110,000; Full time

Job summary

Vestar is seeking a Property Manager to provide direct supervision of the physical asset and oversee staff required to operate managed properties. You will supervise office staff, prepare annual budgets, enforce leases, and ensure compliance with laws and lease terms.

The role emphasizes managing cash flows, tenant relations, and overseeing property operations to support Vestar's portfolios in the Western United States.

Qualifications

• 4-year College Degree is required.
• 3-5 years retail/commercial property management experience preferred.

Responsibilities

• Directly supervising and training office staff (Assistant Property Manager and Administrative Assistant).
• Preparing annual budgets and maintaining CAM reconciliations.
• Enforcing leases and governing documents; ensuring landlord compliance with laws.
• Invoicing, collecting charges, and informing ownership of incidents impacting property.

Skills

Staff supervision

Budgeting

Lease administration

Tenant relations

Education

4-year College Degree

Retail/Commercial Property Management Experience 3-5 years

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

Summary/Objective

: The position of Property Manager is to provide the direct supervision of the physical asset and oversight of the staff required to facilitate the operation of assets managed by Vestar. Supervision includes monitoring both the physical and financial aspects of the propert

• ns:Directly supervising and training office support staff, including Assistant Property Manager and Administrative Assista
• ntsPreparing annual budgets (please see annual budget instruction secti
• on)Enforcing project leases and other governing documents (CC&R’s, REA’s, OEA’s, et
• c.)Ensuring landlord compliance to all governmental and non-governmental laws which affect the prope
• rtyInvoicing and collecting all charges outlined under the leases or other property documents which govern the prope
• rtyInforming ownership of incidents which may affect the property and influence, the owner’s decision-making process (e.g., new projects in the trade area, road closures, tenant bankruptcies, et
• c.)Negotiating and documenting, with the direct approval of the Vice President, select lease renewals, and, if applicable, new lea
• sesReview and approval of annual Common Area Maintenance Reconciliati
• onsReview of draft lease abstracts completed by lease administration t
• eamRecommending and preparing bids for ownership review on capital proje
• ctsServing in an advisory role for property Merchants Association and Marketing if requi
• redSupervising Specialty Leasing program if requi
• redEnsuring that tenant issues and concerns are being responded to in a timely man
• nerCompleting monthly cash flow forecasts and operating repo
• rtsCollecting rents and other char
• gesEnsuring the compliance of tenants to lease requireme
• ntsCarrying out regular property inspecti
• onsEnsuring that vacant suites are in lease-ready condit
• ionCoordinating schedule as tenants move in and move
• outReviewing tenant gross sales informat

Competence

• ies:Successful for their tenants and in the operation of their propert
• ies;Enthusiastically dedicated to the fact that all of their efforts are in one-way or another productive of benef
• its;Understanding of the fact that in order to be effective they must devote their attention to a continuing flow of major and minor situati
• ons;Adaptability to frustration from details, even though these troublesome decisions may be assigned to others within the divis
• ion;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 resu
• lts;Able to maintain office records and files, which are available for ready refere
• nce;Adaptable to change or improvements that will enhance the economy, efficiency and productiveness of every aspect of management performa
• nce;Able to direct the efficient and productive performance of each of their employees and/or the coordination of members of other areas of the divis
• ion;Self-disciplined to the point that they are unruffled by annoyances or disappointments which they accept as integral parts of their professional activit
• ies;Cheerful toward the owner/partners, employees, tenants and all others who come in contact with them in the conduct of busin
• ess;Pleasantly uncompromising when it comes to matters of established pol
• icy;Diplomatic and their lines of communication are always o
• pen;Prompt to respond to all inquiries and makes certain their organization is always available to handle emergenc
• ies;Integrity, honest and cap
• ableAn 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 c

are.

Required Education and Experi

• ence:4-year College Degree Pref
• erred3-5 years’ Retail/Commercial Property Management Exper

ience
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 b

y law.
Eligibility: Applicants must have valid work authorization that does not now and/or will not in the future require sponsorship of a Visa for employment authorization in the U.S. by

Vestar.