Our client is a self-managed, publicly traded REIT focused on the acquisition, development, and management of strategically located retail assets. Currently the portfolio consists of 184 properties nationally totaling in excess of 40 million square feet. Our client manages lifestyle, power, and community centers in strategically located metropolitan statistical areas in our target markets.
Key Objectives And Duties
The Vice President of Property Management’s primary responsibility will be to direct and manage the property management and operations efforts for the Eastern Division. The portfolio currently consists of approximately 6.5M sq ft. located in Connecticut, Pennsylvania, New York, New Jersey, Massachusetts, Maryland and Virginia and totals 32 properties. The VP will directly manage/supervise eight GMs and property managers along with their direct reports and administrative staff. This person will partner with the leasing, asset management, operations, accounting, insurance, and marketing directors to represent the company in a professional manner.
The VP reports directly to the SVP of Property Management.
Specific responsibilities include:
Managing the fiscal activities of the property:
Ensuring adherence to budgets
Maintaining proper approval for deviations from approved budget
Monthly variance reporting
Ensuring that our client’s & the property management department’s policies & procedures are adhered to.
Establishing and enforcing policies to enable the property to function according to quality standards and operating objectives.
Analyzing processes and procedures to ensure optimum efficiency levels.
The VP will work with the Vice President of Leasing to provide a monthly leasing report and participate in weekly/monthly leasing conference calls. The VP will have regular interaction with the Leasing and Asset Management groups to maintain an up-to-date understanding of each market in the portfolio.
Being knowledgeable of provisions in the standard leases and maintain a working knowledge of tenant rules and regulations. Ensure that repair and maintenance responsibilities, as well as operational agreements, are enforced as defined in the leases.
Taking an active role in improving and enforcing the collections effort and coaching the team.
Working with the accounting department to ensure financial policies and procedures are adhered to and that conditions are positive to enhance cash flow and profits.
Developing & maintaining positive relations with tenants, contractors, local community groups or associations.
Carrying out other duties as assigned by the SVP of Property Management.
Continuing to adapt and innovate for maximum efficiency and profitability in a dynamic environment.
Working with acquisitions team during the due diligence process to ensure Property Management meets their requirements in evaluating an acquisition, to include physical inspections, budget preparation, etc.
Excellent leadership and communication skills (verbal and written)
Ability to effectively prioritize tasks and move seamlessly between projects as situations requires.
Ability to read and understand financial reports.
Crisis management experience.
Ability to travel to complete property inspections, tenant visits, and meetings. This includes some overnight travel.
Proficient in Microsoft Word, Excel, PowerPoint and Outlook.
Poline Associates is an international executive search firm specializing in the shopping center industry.We serve property owners, developers, retailers and service providers who are seeking remarkable talent and work to align them with candidates who are eager for new growth opportunities. Since 1979, our team has been connecting companies and candidates with a commitment to integrity and client satisfaction—making us the industry’s most trusted leader in recruitment.