Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country's best markets. We believe we are one of the most innovative and dynamic real estate companies you can work for. Interested candidates who research Federal Realty hear a lot about the high quality shopping centers and the well-respected real estate team at our core, it's the smaller intangible things that can make working at Federal so satisfying. You see, while we're one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our shopping centers, we're really a very small company by most standards and we try to operate that way. That means that team members with initiative and ability can get involved in many facets of our business over the years. I encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust.
Federal Realty Investment Trust is sourcing for an experienced Property Manager who will manage a portfolio of Los Angeles area properties including mixed use and retail properties located on Third Street Promenade in Santa Monica, two properties situated on Hollywood Blvd in Hollywood and two properties in Pasadena. The ideal candidate will have the opportunity to utilize their experience to implement new and existing policies/procedures, set up controls and best practices within their assigned portfolio. The Property Manager will partner with the financial and strategic directors of the region to be able to enhance the portfolio’s value creation. The candidate must have past retail property management experience that will enable them to be influential in the areas of operations, tenant relations, security, procurement, contract management and risk management in order 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.
Develop and review annual property operating budgets, monitor all purchases and expenses to ensure cost effectiveness and compliance with budget parameters, prepare monthly variance reports and quarterly budget reforecast reports.
Create and maintain operations standards and procedures
Create and implement a regional procurement program with effective contract management
Develop and maintain positive tenant relations. Obtain tenant intel on sales and market comps
Manage all controllable expenses within budget without compromising the portfolio’s integrity
Develop and implement proactive strategies to resolve property operational and compliance-related challenges within portfolio
Perform regular site inspections to assess physical property condition, compliance and overall administration
Create and maintain long range capital improvements plans.
Determine job specifications and competitively bid all large maintenance projects and service agreements
Submit all routine reports including activity reports, variance reports, property inspections, roof inspections and lighting reports in a timely manner
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 AR management via phone contacts, in person meetings and collections. Review and report status
Responsible for processing of all payables associated with assigned portfolio in timely manner
Oversee service providers responsible for the day-to-day operational needs of the shopping center including repair and maintenance, landscaping, housekeeping, waste removal, etc., ensuring that property standards are maintained
Understand the significant issues affecting a property's performance. Implement programs or make recommendations to correct problems and enhance positive aspects of each property
Must have a minimum of 4 - 7 years’ prior experience managing retail shopping centers
Bachelor's Degree required
Strong 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
Strong communication skills and customer focus
Well organized with excellent 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
Federal Realty Investment Trust is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or protected Veteran status.
Federal Realty Investment Trust does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Federal Realty Investment Trust and Federal Realty Investment Trust will not be obligated to pay a placement fee.
About Federal Realty Investment Trust
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to be the preeminent force in creating, operating, and re-imagining the most relevant retail and mixed use environments in the USA's largest markets that exceed the expectations of the communities they serve in every way while providing a superior return to our shareholders.
Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities.
Federal Realty's 104 properties include over 2,800 tenants, in approximately 24 million square feet, and over 1,800 residential units.
Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive... years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT.