Regional Property Manager

Regency Centers; Bethesda (MD); On-site; USD 150,000 - 165,000; Full time

Benefits offered by this job

PTO days

11 paid holidays

Health Insurance

401(k) match

Job summary

Regency Centers is seeking a Regional Property Manager in Bethesda, MD to oversee operations, maintenance, and financial performance of an assigned portfolio. This onsite role reports to the Senior Regional Property Manager and emphasizes NOI growth and strong tenant relationships.

Responsibilities include cost control, budgeting, and leading a property management team. The role requires travel within the region and a real estate background, with a focus on grocery-anchored centers and retail

Qualifications

• Bachelor’s degree in Business Administration, Finance, Accounting, Real Estate, or related field.
• Real estate license preferred
• 5+ years of commercial property management experience, to include supervisory experience
• Experience managing retail properties (e.g., grocery-anchored shopping centers, malls) required
• Property management experience overseeing a minimum of 1.5M square feet preferred
• Quantitative and analytical skills
• Knowledge of GAAP, leasing, contracts and industry-related terminology
• Tests at intermediate level proficiency with current Microsoft Office software, email and internet research functionality
• Working knowledge of building systems (roofing, HVAC, paving, electrical, plumbing, fire protection) and construction and project management
• Ability to travel regularly within the region and respond to after-hours property emergencies
• Working knowledge of JD Edwards or other accounting software preferred

Responsibilities

• Drive portfolio performance in line with NOI objectives and budgets.
• Collaborate with regional officer on leasing plan for the year.
• Understand market conditions and tenant health within portfolios.
• Oversee physical plant and capital expenditures.
• Develop, manage, and coach property management team to hit production goals and develop succession plans.

Skills

Sales & Negotiation

Leadership

Customer focus

Communication

Time management

Ownership mindset

Problem solving

Education

Bachelor's degree in Real Estate/Related Field

Tools

JD Edwards

Microsoft Office

Job description

About This Opportunity

At Regency Centers, our people are our greatest asset, and we believe that our highly skilled and talented team makes us better. We are seeking a Regional Property Manager to join our regional office located in Bethesda, MD. This is an onsite role. Reporting to the Senior Regional Property Manager, the Regional Property Manager will be responsible for the operations, maintenance, and financial performance of an assigned portfolio, including centers managed directly and centers managed by direct-report Property Managers, with the goal of maximizing portfolio NOI.

What You’ll Be Doing

• Use expertise to drive decisions with regard to fiscal and physical performance of the assigned portfolio (i.e. reduce open A/R balance, increase income and ancillary revenue, grows rents, manage operating expenses and recoveries, analyze troubled tenants and make recommendations, and prepare budgets, 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.
• Knowledgeable about market conditions and health of tenants within assigned portfolios.
• Responsible for physical plant (i.e. make improvements through capital expenditures, ensure safety of centers).
• Develop, manage, inspire, and motivate property management team to ensure that production goals, accuracy and customer service is optimal. Succession planning by coaching and developing team members’ talents. Assist in the creation of individual development plans.
• Foster relationships with tenants, municipalities, and the community. Regularly promote Regency’s brand through participation in regional and industry events.
• Oversee tenant improvements and landlord work. Work closely with investment team on redevelopment planning and implementation.

Are You Qualified?

• Bachelor’s degree in Business Administration, Finance, Accounting, Real Estate, or related field
• Real estate license preferred
• Member of ICSC and regularly attends local events preferred
• 5+ years of commercial property management experience, to include supervisory experience
• Experience managing retail properties (e.g., grocery-anchored shopping centers, malls) required
• Property management experience overseeing a minimum of 1.5M square feet preferred
• Quantitative and analytical skills
• Knowledge of GAAP, leasing, contracts and industry-related terminology
• Tests at intermediate level proficiency with current Microsoft Office software, email and internet research functionality
• Working knowledge of building systems (roofing, HVAC, paving, electrical, plumbing, fire protection) and construction and project management
• Ability to travel regularly within the region and respond to after-hours property emergencies
• Working knowledge of JD Edwards or other accounting software preferred
• Regency Centers will not sponsor employment-based immigration petitions or applications for this position, including but not limited to H-1B, TN visa, or permanent residency.

Personal Traits We Value

• Sales and negotiation skills
• Leadership skills (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 team environment
• Trust and integrity
• Ownership mindset, cost discipline, and attention to detail
• Manages change with a strong capacity to adapt quickly to any learning situation

A Little Bit About Us

We own and operate premier shopping centers in suburban neighborhoods in the top cities and markets across the country. We live by a strong set of values, which have guided us for more than 60 years.

Our centers thrive with highly productive grocers, restaurants, service providers, and terrific retailers that connect to their communities and customers. We are also active developers of new shopping centers that feature great merchandising, placemaking, and customer engagement as part of our Fresh Look™ program.

We are a vertically integrated real estate company and a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. Learn more about us at RegencyCenters.com.

Benefits

Our compensation and benefits package is very competitive and includes the following benefits and more. For additional information visit www.regencycenters.com/careers.

Work/Life Balance

• 23+ PTO days annually
• 11 paid holidays (in addition to PTO)
• Paid leave programs (parental, compassion, bereavement, jury duty, and military)
• Health Advocacy + Employee Assistance Program (EAP)

Hybrid Work Schedule

• Modified in-office hours

Financial Security

• 401(k) with a generous company match plus corporate profit sharing
• Anniversary stock grant awards
• Health Savings Account (HSA), Health Care FSA, and Dependent Care FSA
• 100% company paid Life Insurance/AD&DD and Disability Insurance
• Voluntary benefits (supplemental life/AD&DD, critical illness, accident, hospital indemnity, and identity theft)
• Student loan repayment resources

Health and Wellness

• Medical, Dental and Vision Insurance
• Award winning and incentives-based wellbeing program through Personify Health
• Family planning, mental health, and pain management programs

Community Focused

• 52 hours per year of paid Volunteer Time Off
• Company gift matching

Growth and Development

• Tuition reimbursement
• Continued education opportunities
• LinkedIn Learning premium subscription
• Professional membership support
• Employee Resource Groups
• Regency Centers is an equal opportunity employer. Qualified applicants will receive consideration without regard to age, race, color, religion, sex, gender identity, sexual orientation, disability, national origin, or protected veteran status. Applicants are encouraged to confidentially self-identify as to disability and/or protected veteran status when applying. Employment is contingent upon successful completion of background investigation. Regency Centers is a smoke-free and drug-free workplace. Pre-employment drug screening is required. No recruiters or agencies without a previously signed contract. Only candidates whose profiles closely match requirements will be contacted during this search.
• Maryland Residents: Regency Centers carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The Maryland hiring salary range for the Regional Property Manager position is between $150,000 and $165,000 annually. The base salary is just one component of the total rewards package offered to our employees, including eligibility for a 20% target bonus opportunity. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.