FCPT is a public, NYSE-listed, investment grade rated real estate investment trust (REIT) with a market capitalization of more than $2.5 billion. FCPT is focused on the ownership, acquisition, and leasing of restaurant properties and currently owns a portfolio of over 750 properties across 46 states and 74 brands that are primarily leased to leading restaurant operators. We are positioned with a strong balance sheet to grow and further diversify our portfolio.
We are seeking an exceptional candidate to join the team as a Lease Administrator reporting to the Controller, Real Estate and Revenue. The entrepreneurial culture of the company combines a start-up environment with the backing and stability of a well-capitalized balance sheet and strong, experienced management team. This position will work as part of a small 25-person team in a fast-paced and highly collaborative environment, assisting the Controller and the finance team on lease administration. The role will also be active in supporting acquisition and asset management functions within FCPT and will benefit from direct interaction with the finance, legal, and acquisition teams.
The Lease Administrator will be responsible for lease administration functions, including, but not limited to:
Reviewing new leases, amendments, assignments, terminations, and other lease documents in connection with lease accounting, reporting and insurance matters
Gaining understanding of lease compliance for all lease-related payments, including base rent, operating expenses (CAM), real estate tax, insurance obligations, utilities, prepaid rents, and security deposits
Setting up leases and entering all financial and non-financial lease information into MRI accounting system with accuracy and precision
Following up as required to ensure asset and property management are aware of any approaching option dates and required action
Serving as liaison between Landlord and Tenant regarding each party’s compliance in connection with lease accounting, reporting and insurance matters
Assisting in preparing and maintaining information for occupancy reports/rent rolls, lease expiration reports, and various other reports as requested or necessary for the portfolio
Reviewing rental increases and communicating or sending any related notices that need to be sent to tenants
Working with accounting and property management to audit operating expense billing (both estimated prepayments and reconciliation) to ensure accuracy
Assisting in performing CAM, operating expense, insurance, and tax reconciliations/calculations
Assisting with collections/tenant billings
Participating in the due diligence process as it relates to lease documents both for acquisitions and dispositions
Reviewing MRI generated lease administration reports on a quarterly basis to ensure accuracy of lease data
Managing tenant contacts and updating name and/or address change requests by reviewing and interpreting lease provisions
Providing outstanding service to tenants on all lease administration issues
Interacting and working closely with legal, asset management, finance
Special projects as required.
EDUCATION AND EXPERIENCE
Minimum of 2 years of real estate lease administration experience
Effective organizational, communication and problem-solving skills; ability to handle multiple priorities and meet established deadlines efficiently, self-starter
Adaptability to changing demands
Ability to read and interpret real estate leases, including all related lease documents
Experience with MRI or other real estate accounting software
Understanding of typical insurance requirements in connection with leases
Detail oriented, analytical and computer literate with proficiency in Word, Excel, PowerPoint, and Outlook
Organized with ability to multi-task while keeping track of priorities and maintaining big- picture focus
A proven record of providing excellent internal and external customer service
Superior communications skills, both verbal and written
Four Corners Property Trust (NYSE:FCPT) is among the nation’s leading owners of restaurant real estate. With a strong and proven portfolio of 751 properties located across 46 states, the Company is positioned to grow and further diversify its portfolio.
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