Sr. Property Manager (CRE-Retail)

Institute of Real Estate Management; Illinois; On-site; USD 75,000 - 100,000; Full time

Job summary

A leading real estate management company is seeking a Sr. Property Manager to oversee their retail portfolio in Illinois. This role demands strong financial acumen, leadership skills, and significant property management experience to optimize asset value and ensure exceptional tenant relations. The successful candidate will work collaboratively to enhance property performance while implementing strategic initiatives across multiple sites.

Benefits

Comprehensive medical, dental, and vision insurance

401(K) matching contributions

Flexible work arrangements

Tuition reimbursement assistance

Collaborative workspaces

Free fitness center and parking

Qualifications

• 5 - 7 years of experience in commercial property management.
• Proficient in Microsoft Office suite.
• Understanding of tenant financials and property operations.

Responsibilities

• Manage net operating income performance of the portfolio.
• Prepare annual operating and capital expenditure budgets.
• Liaison with leasing department and relevant stakeholders.

Skills

Financial analysis

Communication

Property management

Budgeting

Tenant relations

Education

Bachelor's degree (B.A./B.S.)

Tools

Microsoft Office (Outlook, Word, Excel, PowerPoint)

MRI

Salesforce.com

Job description

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Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN and one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate.

We currently have an exciting opportunity for a Sr. Property Manager to join our team and manage our retail portfolio in Naperville and Oak Brook, IL. This position will have day-to-day responsibility for the net operating income performance of the portfolio; help develop strategies to maximize value of assets though expense reductions, leasing strategies as well as potential redevelopment and/or repositioning strategies; manage budgetary functions for portfolio; oversee/supervise internal and external maintenance personnel; and general operational responsibilities of portfolio that include managing property cash flow, marketing events, managing numerous vendors such as Landscapers, Maintenance, Security and Property Management individuals, managing temporary tenants, analyzing and making recommendations on tenant rent relief and tenant terminations. Additional responsibilities would include but not be limited to the following:

Qualifications:

• Oversight for day-to-day property management functions through utilization of internal or external property management/maintenance resources.
• Prepare annual operating and capital expenditure budgets for each asset.
• Act as a liaison with leasing department on property level leasing matters, providing support as necessary to accomplish annual leasing goals at the property.
• Develop and execute annual business plan for each property to include expense reduction efforts (analysis of recovery, leakage and tenant CAM caps) and revenue enhancement strategies (ancillary income opportunities).
• Recognize and manage each property's ability to meet or exceed property branding standard, appearance, cleanliness, sight lines, signage, etc.
• Understanding of tenant financials and key business decision making to improve the portfolio.
• Primary risk manager at the property level, interfacing with necessary internal employees and legal and insurance carriers to monitor and reduce all property level risks.
• Stays abreast of trends within the real estate industry as well as retailer world, is cognizant of changes in the investment climate, knows and understands issues impacting retailers.
• Required job skills learned include: Communicating verbally and in writing to tenants, creating budgets, preparing management reports, reviewing and explaining documents such as: lease terms, CAM Reconciliations, insurance requirements, and other commonly used documents in the commercial real estate industry.

Requirements:

• Bachelor's degree (B.A./B.S.) from a four-year college or university preferable; or equivalent experience of a minimum of 5 – 7 years of experience in commercial property management with a focus on multisite lifestyle, power and grocery anchored centers
• Must be proficient at Microsoft programs Outlook, Word, Excel, & PowerPoint and/or Mac OS
• Must be trainable on MRI and Salesforce.com
• Must also be able to travel to the properties in the portfolio for onsite routine visits, while maintaining effective responsiveness to the ongoing tenant and departmental needs of the company.
• Requires strong financial skills, including analysis of tenant financial information, real estate investment return measures and valuation analysis.
• Ability to interact with all levels of the organization professionally and confidently as well as with tenants and customers of the property.
• Understand core finance and accounting fundamentals related to property management.
• Must be knowledgeable in leasing, marketing, construction and all facets of property operation and building management
• Not required but recommended are CSM, RPA, CPM and/or CCIM designations in commercial real estate.

Please email [e-mail] or apply online at kiterealty.com/careers.

Benefits: For all full-time roles, we provide progressive benefits in and out of the office including comprehensive medical, dental and vision insurance; paid disability benefits and parental leave; paid life insurance and voluntary coverage options for additional life, accident, and critical illness insurance; 401(K) matching contributions; competitive paid time off, including Volunteer Time Off; flexible work arrangements; and tuition reimbursement assistance. Other office perks include a “Dress for your Day” policy, collaborative workspaces, milestone service anniversary recognition and gift, stocked wellness fridge pantry, and free fitness center and parking in our corporate office. In addition, to enhance the well-being of our team, KRG sponsors annual flu shots and biometric screenings, facilitates various health and wellness lunch-and-learns and manages a monthly wellness education campaign.