Regional-General Manager, Property Management (Commercial / Retail)

Description

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN and one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate.

We currently have an exciting opportunity for a General Manager, Property Management to join our Mid-Atlantic team to be out of our Downtown Crown office in Gaithersburg, Maryland. This individual will be responsible for approximately 1.4 million square feet of portfolio in Maryland, Virginia, and Tennessee. Further, this position will have day-to-day responsibility for the net operating income performance of the portfolio; help develop strategies to maximize value of assets though expense reductions, leasing strategies as well as potential redevelopment and/or repositioning strategies; manage budgetary functions for portfolio; oversee/supervise internal and external maintenance personnel; and general operational responsibilities of portfolio that include managing property cash flow, marketing events, managing numerous vendors such as Landscapers, Maintenance, Security and Property Management individuals, managing temporary tenants, analyzing and making recommendations on tenant rent relief and tenant terminations. Additional responsibilities would include but not be limited to the following:

• Oversight for day-to-day property management functions through utilization of internal or external property management/maintenance resources.
• Prepare annual operating and capital expenditure budgets for each asset.
• Act as a liaison with leasing department on property level leasing matters, providing support as necessary to accomplish annual leasing goals at the property.
• Develop and execute annual business plan for each property to include expense reduction efforts (analysis of recovery, leakage and tenant CAM caps) and revenue enhancement strategies (ancillary income opportunities).
• Recognize and manage each property's ability to meet or exceed property branding standard, appearance, cleanliness, sight lines, signage, etc.
• Understanding of tenant financials and key business decision making to improve the portfolio.
• Primary risk manager at the property level, interfacing with necessary internal employees and legal and insurance carriers to monitor and reduce all property level risks.
• Stays abreast of trends within the real estate industry as well as retailer world, is cognizant of changes in the investment climate, knows and understands issues impacting retailers.
  
  

Qualifications

• Bachelor's degree (B.A./B.S.) from a four-year college or university preferable; or equivalent experience of a minimum of 7-10 years of experience in commercial property management with a focus on multisite lifestyle, power and grocery anchored centers. Experience managing mixed-use assets and working with associations highly desired.
• Previous supervisor/management required.
• Communicating verbally and in writing to tenants, creating budgets, preparing management reports, reviewing and explaining documents such as: lease terms, CAM Reconciliations, insurance requirements, and other commonly used documents in the commercial real estate industry.
• Must be proficient at Microsoft programs Outlook, Word, Excel, & PowerPoint and/or Mac OS
• Must be trainable on MRI and Salesforce.com
• Must also be able to travel to the properties in the portfolio for onsite routine visits, while maintaining effective responsiveness to the ongoing tenant and departmental needs of the company.
• Requires strong financial skills, including analysis of tenant financial information, real estate investment return measures and valuation analysis.
• Ability to interact with all levels of the organization professionally and confidently as well as with tenants and customers of the property.
• Understand core finance and accounting fundamentals related to property management.
• Must be knowledgeable in leasing, marketing, construction and all facets of property operation and building management.
• Not required but recommended are CSM, RPA, CPM and/or CCIM designations in commercial real estate.
• Travel will be required to portfolio in Maryland, Virginia, and Tennessee.
  
  

Hiring Salary Range of: $120,000-$140,000. Salary and whole compensation package (bonus and or long-term if applicable ) to be determined by the candidate’s location, education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

Benefits: For all full-time roles, we provide progressive benefits in and out of the office including comprehensive medical, dental and vision insurance; paid disability benefits and parental leave; paid life insurance and voluntary coverage options for additional life, accident, and critical illness insurance; 401(K) matching contributions; competitive paid time off, including Volunteer Time Off; flexible work arrangements; and tuition reimbursement assistance. Other office perks include a “Dress for your Day” policy, collaborative workspaces, milestone service anniversary recognition and gift, stocked wellness fridge pantry, and free fitness center and parking in our corporate office. In addition, to enhance the well-being of our team, KRG sponsors annual flu shots and biometric screenings, facilitates various health and wellness lunch-and-learns and manages a monthly wellness education campaign.