Senior Property Manager, Commercial Real Estate Retail (Chicago)

Company: Bridge33 Capital
Location: Chicago
Posted on: November 8, 2024

Job Description:

JOIN OUR TEAMBridge33 Capital -is a rapidly growing, vertically integrated real estate private equity firm focused on open-air retail real estate. The Company recently raised $458 MM in its latest opportunistic fund, marking a key milestone for the company. We are seeking a SENIOR PROPERTY MANAGER who will be responsible for initiating and supervising the daily management, maintenance, and associated construction of multiple properties within an assigned portfolio. This is a hybrid role based in Chicago, Illinois. - Come make your mark as an integral part of Bridge33 Capital! - MISSION We build relationships and create value where others don't.KEY PRINCIPLESWe're Better Together - We're Here to Serve - We crush our egos, and we have empathy for teammates - We stay positive - We embrace accountability, and we champion results.ESSENTIAL RESPONSIBILITIES -

• Improve NOI by means of expense management including, but not limited to, the consideration of CAM recoveries.
• Manage ancillary income events and programs sourced by other team members in addition to proactively generating ancillary opportunities and revenue streams.
• Conduct property visits as required to ensure property shopping center presentation, as well as company standards
• Bid, negotiate, scope and supervise contracted services for all properties
• Resolution of maintenance issues, administration of property improvements and oversight of existing conditions to achieve the long-term preservation of the shopping center
• Develop preventive maintenance plans to avoid risk/liability such as ensuring compliance with ADA, environmental, building and construction codes/ordinances.
• Monitor energy consumption to conserve energy at each property.
• Ensure tenant compliance with all aspects of the lease requirements.
• Identify and manage cost control measures on a continuing basis.
• Manage capital projects and construction
• Collaborate with internal construction department on tenant buildout, improvements, and allowance.
• Supervise and control all common area construction and property improvements
• Update information on capital projects in company software programs
• Establish a network of contractors that can be utilized throughout the portfolio.
• Establish long-range capital plans for asset preservation.
• Respond 24/7 to tenant issues or property emergency
• Monitor continuously the budget versus actual financial activities
• Prepare monthly variance reports for Management and maintain all property and vendor data and reports.
• Monitor property email boxes to ensure timely response.
• Utilize company technology to keep appropriate team members updated on things happening at the property. -
  • Develop and manage annual operating budgets for each property; manage expenses within budgetary limits on a monthly, quarterly, annual basis
  • Schedule budgeted projects within appropriate timeframe as established in operating budget
  • Authorize and control property expenditures
  • Approve invoices for payment utilizing proper expense coding and categorization
  • Assist Cash & Collections as necessary in pursuing past due rent balances
  • Assist Asset Management as necessary in reviewing C.A.M., Real Estate Tax, and Insurance Settlements
  • Review General Ledger each month to ensure expenses have been allocated properly
  • Anticipate potential tenant problems and address them before they become legal issues
  • with insurance certificates and claims, including court appearances as needed
  • Assist Legal as necessary with court proceedings and represent Landlord as needed
  • Interact with city official to cultivate and maintain positive relationships and attending zoning/city council meetings as needed. QUALIFICATIONS
    • Strong verbal & written communication skills, ability to communicate clearly with both internal & external stakeholders and at all levels within the organization
    • Strong understanding of shopping center financials and managing assets to maximize NOI
    • Skilled in customer service and tenant relations and possess strong negotiating skills.
    • Demonstrated ability to understand contracts/leases
    • Strong project management background to work closely with and give direction to contractors and vendors
    • Ancillary leasing sales experience or aptitude and desire to perform
    • Strong administrative writing and reporting skills
    • Ability to initiate bid requests, vendor and contractor management
    • Solid time management skills with ability to prioritize, organize and successfully balance multiple tasks and requests -
    • Possess the ability to exhibit initiative and work independently.
    • Must be a team player and work well with Senior Management, tenants, and other property managers, leasing managers, lease administration, and corporate personnel, architects, contractors and other daily contacts.
    • Demonstrated proficiency with software technology
    • Ability to travel as required
    • Possess skills, abilities and traits that align with the company's Key Principles WHAT WE OFFER
      • Fast paced and dynamic work environment, including frequent interaction with senior management team.
      • Flexible time off policy
      • Company sponsored medical, dental and vision insurance.
      • Company paid life insurance.
      • Company paid short- and long-term disability insurance.
      • Paid parental leave.
      • 401k plan with Company match
      • 11 paid holidays Bridge33 provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, age, sex, national origin, disability status, genetic information, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. - Bridge33 is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. - To request reasonable accommodation, please contact our Human Resources department at hr.requests@bridge33capital.com.
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Keywords: Bridge33 Capital, Glenview , Senior Property Manager, Commercial Real Estate Retail (Chicago), Hospitality & Tourism , Chicago, Illinois