Regional Property Manager

Bonaventure Senior Living; Salem (OR); On-site; USD 90,000 - 110,000; Full time

Benefits offered by this job

Health Benefits

Flexible Spending Account

Retirement 401k matching

Professional Growth

Continuing Education Reimbursement

Paid Time Off

6 Paid Holidays

Job summary

Bonaventure Senior Living in Salem, Oregon is seeking a full-time Regional Property Manager to maximize the performance of our market-rate multifamily portfolio through oversight of third-party management companies and financial monitoring.

The ideal candidate has at least 5 years of regional management experience, strong analytical skills, and proficiency with Excel, Outlook, and Word; travel to properties will be required.

Qualifications

• 5+ years of regional management experience.
• Strong monthly financials understanding (variance, rent rolls, T-12).
• Proficient with Microsoft Office tools (Excel, Word, Outlook).
• Excellent written and verbal communication with attention to detail.

Responsibilities

• Manage relationships with third-party management companies.
• Develop and execute ownership goals and community business plans.
• Review annual operating budgets and capital plans; provide variance analyses.
• Monitor monthly financial performance and align with budgets and plans.
• Diagnose operational issues and ensure tenant satisfaction and financial goals.
• Conduct ongoing market rental analysis to optimize asset performance.
• Partner with marketing on campaigns highlighting community strengths.
• Plan and manage capital expenditures with design and construction teams.
• Travel to sites for property visits and objective alignment.

Skills

Portfolio management

Financial analysis

Communication

Team coordination

Vendor coordination

Market analysis

Excel proficiency

Interpersonal skills

Tools

Microsoft Excel

Microsoft Word

Outlook

Job description

Wage: $90,000-$110,000 depending on experience

Bonaventure is seeking a full-time Regional Property Manager to join our team located at our Home Office in Salem, Oregon to support and help maximize the performance of our market-rate multifamily portfolio.

We are looking for an individual with an entrepreneurial spirit to manage our third-party management companies and will grow our portfolio’s net operating income through market analysis and financial monitoring.

The ideal candidate will possess no less than 5 years of Regional Management experience.

Top reasons to work at Bonaventure

• Health Benefits– Medical and dental coverage.
• Flexible Spending Account– For Healthcare and Day Care expenses.
• Retirement– Generous 401k matching program.
• Professional Growth– We provide on the job paid training. In addition, we provide paid education assistance and career advancement thru promotions to qualified individuals.
• Continuing Education Reimbursement.
• Paid Time Off– To have fun, take care of yourself and your family.
• 6 Paid Holidays

Key Responsibilities

• Manage: Relationship with third-party management companies.
• Business Plans: Develop and execute ownership goals and community business plans for each property of the portfolio.
• Budgets: Review and provide input on annual operating budgets and capital improvement plans, providing quarterly deep-dives and performance evaluations.
• Financial Performance: Monitor monthly financial performance ensuring alignment with annual budgets and the individual business plans; provide timely variance analysis and recommendations
• Management Oversight: Diagnose and problem solve operational issues with the property management team to ensure they are maintaining operational excellence, ensuring tenant satisfaction and meeting financial goals.
• Pricing Analysis: Conduct and perform ongoing market rental analysis to ensure optimal performance of our assets. Including monitoring lease up and new construction projects and the impact they will have on market conditions.
• Marketing: Partner with marketing to drive innovative, property-specific campaigns that highlight the community’s strengths.
• Capital Expenditures: Plan and manage capital expenditure projects (renovations, improvements, expansions), coordinating with design and construction teams to deliver projects on time, on budget, and in line with investment goals
• Travel required: This position is located at our Home Office in Salem, Oregon and some travel will be required to conduct regular site visits to assess property condition, operational execution, and alignment with strategic objectives

Requirements

• 5 + years’ experience in managing a portfolio of multi-family assets
• Must have a thorough understanding of the monthly property financials with variance reports, T-12’s, Rent Rolls, etc.
• Proficient in Microsoft applications including Outlook, Word, and advanced skills in Excel.
• Strong written and verbal communication skills with attention to detail.
• Display strong analytical and quantitative skills, including the ability to gather information, conduct analyses, and present findings.
• Strong interpersonal and influencing skills, ability to deal with multiple business units within the organization.
• Requires a self-motivated, team player who has strong work ethic, demonstrates attention to detail and ability to prioritize in a fast-moving environment with excellent management and business literacy skills.
• Ability to analyze information and interpret complex issues in order to determine therootproblem and make effective decisions to bring the issue to a successful conclusion.
• Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
• Solid understanding of building systems, maintenance practices, and vendor coordination.

About the Company

Bonaventure is a family of companies dedicated to the operation, development, and construction of exceptional residential living communities in the Western USA.

Over the last 24 years, Bonaventure has developed and constructed over 6,400 units and over 6,100,000 of building square feet of senior living, multifamily apartments and office space in six states, along with the development of multiple subdivisions locally. Several additional senior and apartment communities are currently under construction and development and are scheduled to open in 2024, 2025 and beyond.

The Bonaventure Senior Housing Team is experienced in all aspects of real estate development and manages the entire development process prior to a community opening. Our in-house professionals perform market analysis, financial modeling, site analysis, and manage the design and entitlement/permitting process. We test every aspect of a potential development across a broad range of criteria to ensure performance and value over the lifetime of the project.

Bonaventure never stops innovating and improving.