Federal Realty Investment Trust

Property Manager

Federal Realty Investment Trust$100K — $120K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • A minimum of 3 years of property management experience, preferably in retail settings.
  • Bachelor's Degree or equivalent experience required.
  • Proficiency in MS Office software and computer skills is essential.
  • Experience with budgeting, expense monitoring, and financial reporting.
  • Direct experience in managing maintenance projects and service contracts is necessary.
  • Strong written, verbal, and interpersonal communication skills required.
  • Excellent organization and time management abilities for optimal task execution.

Responsibilities

  • Act as the primary contact for tenant needs such as maintenance and utilities.
  • Oversee service providers for effective property operations.
  • Establish and uphold operational standards and practices.
  • Create strategies to proactively address compliance and operational challenges.
  • Foster positive relationships with tenants and gather market intel.
  • Conduct regular inspections of the property for condition and compliance.
  • Prepare and manage annual operating budgets and monitor expenses.

Benefits

  • Opportunity for career growth into a Property Manager role.
  • Engagement in property transformation and setting operational standards.
  • Working within a dynamic outdoor lifestyle center environment.
  • Potential to build long-term strategies for capital improvements.
  • Involvement in community-centric management for retail and residential components.
Full Job Description
Overview

We are currently seeking a Property Manager, who will be based in Annapolis, and will manage the operations of Annapolis Town Center, an outdoor lifestyle center including retail, office and residential components. The Property Manager will partner with the Senior Regional Property Manager to manage the day-to-day operation and further enhance the property’s value creation. This is a great opportunity for an experienced Assistant Property Manager who would like to take on a Property Manager role. With the right demonstrated skills, the Property Manager can lead the charge on transforming this property — driving operational excellence, elevating the tenant experience, and shaping capital improvements that define its future. The ideal candidate will have experience in retail property operations and will utilize their experience to implement policies/procedures, set up controls and best practices. The candidate must have experience that will enable them to be influential in the areas of operations, tenant relations, security, procurement, contract management and risk management to achieve maximum productivity and profitability while maintaining the highest level of corporate standards. This person will have the highest level of personal integrity, intelligence and broad thinking characteristics to succeed.

Responsibilities
  • Serve as the primary point of contract for all tenants’ daily operating needs including general maintenance, tenant utilities, trash and parking management and respond in a timely manner
  • Manage service providers responsible for the day-to-day operational needs of the shopping center including repair and maintenance, landscaping, housekeeping, waste removal, security, etc., ensuring that property standards are maintained
  • Create and maintain operations standards and procedures
  • Develop and implement proactive strategies to resolve property operational and compliance-related challenges
  • Develop and maintain positive tenant relations. Obtain tenant intel on sales and market comps
  • Perform regular site inspections to assess physical property condition, compliance and overall administration
  • Develop and review annual property operating budgets, monitor all purchases and expenses to ensure cost effectiveness and compliance with budget parameters, prepare monthly and quarterly budget reforecast reports
  • Manage all controllable expenses within budget without compromising the portfolio’s integrity
  • Create and maintain long range capital improvements plans
  • Determine job specifications and competitively bid all large maintenance projects and service agreements
  • Work cooperatively with Project Managers in Tenant Coordination to expedite the completion of Landlord work, delivery of spaces to tenants and the opening of tenants for business
  • Perform Accounts Receivable management via phone contacts, in person meetings and collections. Review and report status
  • Process all payables associated with assigned portfolio in timely manner
  • Identify the significant issues affecting the property's performance. Implement programs or make recommendations to correct problems and enhance positive aspects of the property
  • Complete other various special projects and duties as assigned
Qualifications
  • Must have a minimum of 3 years’ prior property management experience; experience managing retail shopping centers is preferred
  • Bachelor's Degree required or equivalent experience
  • Excellent computer skills with proficiency in MS Office software
  • Demonstrated experience budgeting, monitoring expenses, preparing monthly management and financial reports, and processing accounts payable
  • Previous direct responsibility for negotiating and monitoring maintenance projects and service contracts
  • Excellent communication skills - written, verbal, and interpersonal
  • Strong organization and time management skills
  • Demonstrated ability to apply principles of logical thinking to define problems, collect pertinent data, establish facts, draw valid conclusions and initiate appropriate course of action
  • Ability to work beyond a 9am to 5pm environment
  • Ability to perform essential on-site property inspections, including walking or standing for extended periods, with reasonable accommodations as needed

 

Salary Range: The typical base pay range is $100,000-$120,000 per year plus bonus. To ensure a fair and competitive offer, we take into account your job-related skills, experience, relevant education, certifications, and/or training.

 

About Federal Realty Investment Trust

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida. The trust owns a portfolio of retail and mixed-use properties, including grocery-anchored centers, street retail, and urban mixed-use. The company was founded in 1962 and is headquartered in Rockville, Maryland. Federal Realty Investment Trust is a member of the S&P 500 index.
Learn more about Federal Realty Investment Trust
Size
310 employees
Market Cap
$8.2 billion
Industry
Net Income
$131.7 million
5 Year Trend
+3.5%
Revenue
$835.4 million
NASDAQ

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