Property Manager

NexCore Group; Seattle (WA); On-site; USD 95,000 - 112,000; Full time

Benefits offered by this job

Performance bonus

Benefits package

Job summary

NexCore Group is seeking a Property Manager in Seattle to lead property management, align with investor objectives, and deliver high tenant and client satisfaction. You will oversee budgets, CAPEX, CAM reconciliations, and leasing strategy in collaboration with NexCore leasing teams and third-party partners.

Key responsibilities include developing management plans, forecasting market conditions, and communicating performance to ownership.

Qualifications

• Bachelors preferred in Finance, Real Estate or related field.
• High School Diploma required.
• 3+ years in commercial real estate management/analysis preferred.
• 3+ years commercial real estate property management required.
• 2+ years management experience preferred.

Responsibilities

• Develop and implement a management plan for properties to meet investor return expectations while complying with law.
• Evaluate market conditions and communicate expectations to ownership.
• Forecast space availability and develop pricing recommendations to maximize asset value.
• Develop operational programs to achieve cash flow objectives and asset value.
• Develop and maintain budgets for operations and CAPEX.
• Bid sourcing for contracts and CAPEX; contract development for approvals and insurance compliance.
• Develop and enforce CAM reconciliations and CAM estimates.
• Mitigate vacancy risk and coordinate with leasing personnel on strategy.

Skills

Analytical thinking

Organizational skills

Strong communication

Client management

Team management

Education

Bachelor's degree in Finance/Real Estate

High School Diploma

3+ years CRE management/analysis

3+ years property management

Tools

Excel

Yardi

Microsoft Office Suite

Job description

The Property Manager will manage properties as directed by the property owners and in accordance with the standards and procedures of NexCore Group. The PM functions as the professional-in-charge of specific identified assets under management. As the lead professional, the PM is responsible for all aspects of client and tenant satisfaction. Of specific importance is achieving stated financial results and operating objectives. The PM is responsible for ensuring a thorough understanding of the client’s investment objectives and the development of acceptable property-specific plans and operating and capital budgets. Once developed, the PM must oversee the implementation of approved initiatives and programs by managing and coordinating the efforts of the property team. The PM is responsible for the management, supervision, and professional development of all building personnel.

Key Responsibilities:

• Develop and implement a management plan for assigned properties to achieve investor return expectations while complying with company objectives and applicable law.
• Evaluate market conditions for each property and real estate investment climate that will affect business plan strategies. Communicate competitive environment and market expectations to ownership.
• Forecast competitive space availability for each property and develop marketing and pricing recommendations that will maximize the asset value of each property. Forecast absorption of project vacancy.
• Develop short and long-term operational programs that will achieve or surpass cash flow objectives and maximize the asset value of each property.
• Develop and maintain operations and capital expenditures budgets.
• Bid sourcing for contract services and capital expenditures, contract development for Manager and Landlord approval and insurance compliance.
• Develop and enforce/collect on all CAM Reconciliations and CAM Estimates.
• Develop strategies to mitigate vacancy risk for individual properties.
• Work in conjunction with NexCore leasing personnel or 3 rd party leasing personnel on leasing strategy for each building, and assist with lease renewals, if applicable.
• Execute company process standards for tenant coordination including tenant finish standards, blocking plans, risk management, pricing presentations, invoicing for tenant contributions, punch lists, commissioning meetings, etc..
• Monitor build-out to assure compliance with lease agreements, construction schedules, tenant expectations, lender requirements, and construction guidelines for the project.
• Maintain open, effective communication between tenants, hospital clients, and property management.
• Evaluate costs on a continuing basis by monitoring each property’s performance and results against approved budgets, recommending and/or improving necessary adjustments to achieve the scheduled cash flow or asset value objectives.
• Communicate objectives for the property to Real Estate Management team to aid in the fulfillment of their duties.
• Negotiate, review, and monitor third party management contracts and performance under those contracts.
• Review operating reports on a monthly basis for each property and ensure operating expense reconciliations are accurately prepared and oversee completion of periodic owner’s reports.
• Develop and maintain relationships with major tenants to demonstrate the Company’s commitment to “quality service,” quality facilities, and positive, prompt, and effective customer service.
• Responsible for creating strong internal and external relationships.

Skills, Knowledge, and Expertise:

• Bachelors Degree in Finance, Real Estate, or related field – Preferred
• High School Diploma – Required
• 3+ years in commercial real estate management/analysis – Preferred
• 3+ years commercial real estate property management experience – Required
• 2+ years management experience – Preferred
• Proficient with Microsoft Office/Suite
• Proficiency with Excel, Yardi, etc.
• Analytical and organizational skills
• Strong written and verbal communication skills
• Client and team management skills
• Compensation: $95,000 - $112,000 / year
• Eligible for discretionary benefits: performance bonus
• Eligible for standard employee benefit elections: Medical, Dental, Vision, 401K, FSA, HSA, Commuter Benefits, Employee Assistance Program, Life Insurance (employee and dependents), Short-term disability (STD), Long-term disability (LTD), Accidental death & dismemberment (AD&D), vacation days, sick days, and other benefits

Disclaimer:

To All Recruitment Agencies – NexCore Group does not accept unsolicited third-party resumes.
NexCore Group knows that when we welcome different points of view, it makes us better, stronger, and moves us boldly forward in becoming a world-class company. That is why we’re proud to be an Equal Opportunity Employer and encourage all qualified talent to apply. Your application will be reviewed regardless of race, religion, gender, sexual orientation, national origin, disability, age, or veteran status.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.