Job Description

Real Estate Manager

Direct Hire; $75K - $90K (Salaried) plus 10% bonus

Seattle, WA 98104

Essential Functions

·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 objective 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 leasing personnel or 3rd 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 tenant, 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

QUALIFICATIONS

Education

BA/BS Degree Finance, Real Estate, related field   Preferred          

Work Experience

3+ Years            Commercial real estate analysis/management    Preferred          

1+ Years            Property management/leasing/operations Preferred          

2+ Years            Managing people        Preferred          

Skills

Proficient with Microsoft Office/Suite software

Proficiency with Excel, Timberline, Yardi, MRI

Analytical and organizational skills

Strong written and verbal communication skills

Client and team management skills

Licenses and Certifications

Real Estate License  Preferred

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