The REM is responsible for ensuring a thorough understanding of the client's investment objectives and the development of acceptable property-specific strategic plans and operating and capital budgets. Once developed, the REM must oversee the implementation of approved initiatives and programs by managing and coordinating the efforts of the property team. The REM is responsible for the management, supervision, and professional development of all building personnel with support of the Senior REM.
Key Responsibilities
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 objectives 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 Base Rents, Bill Backs, CAM Reconciliations and CAM Estimates.Develop strategies to mitigate vacancy risk for individual properties.Work in conjunction with NexCore leasing personnel or 3rd party leasing personnel on leasing strategy for each building, and assist with leasing 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 communications 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.Support Senior REM in turning over developments when transitioning to operations.Develop and maintain relationships with tenants to demonstrate the Company's commitment to quality service, quality facilities, and positive, prompt, and effective customer service.With the support of the Assistant Property Manager, complete routine building inspections. Recommend and/or approve alterations, maintenance, and reconditioning as needed.Responsible for creating strong internal and external relationships.Skills, Knowledge, and Expertise
Education:
- Bachelors Degree in Finance, Real Estate, or related field - Preferred
Experience:
- 3+ years experience in commercial real estate analysis/management - Required
- 1+ years experience in property management/leasing/operations - Preferred
- 2+ years experience in 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
Compensation:
- $80,000 - $95,000 / year
- Eligible for discretionary benefits: performance bonus
- Eligible for standard employee benefit elections: Medical, Dental, Vision, 401K, FSA, HSA, Commuter Benefits, Employee Assistance Program, Life Insurance (employee and dependents), Short-term disability (STD), Long-term disability (LTD), Accidental death & dismemberment (AD&D), vacation days, sick days, and other benefits
- Travel: this position will not require travel
Disclaimer:
To All Recruitment Agencies – NexCore Group does not accept unsolicited third-party resumes.NexCore Group knows that when we welcome different points of view, it makes us better, stronger, and moves us boldly forward in becoming a world-class company. That is why we're proud to be an Equal Opportunity Employer and encourage all qualified talent to apply. Your application will be reviewed regardless of race, religion, gender, sexual orientation, national origin, disability, age, or veteran status.
If you are interested in applying for a position with NexCore Group and need special assistance or an accommodation to use our website, please contact ...@NexCoregroup.com
About NexCore Group
NexCore Group develops healthcare facilities for hospitals, health systems and physicians. We solve complex real estate challenges through innovative building solutions and creative financial structures. In a rapidly changing healthcare industry, NexCore has the superior expertise to deliver quality environments and flexible spaces that help grow your business, lower expenses and mitigate risk.
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