Property Manager at NewMark Merrill Companies, Inc.

Position Summary

At NewMark Merrill Companies, the Property Manager is responsible for the day-to-day operational performance of the centers in their portfolio, ensuring their properties are well-maintained, operate with strong control over expenses, and deliver a high-quality tenant and customer experience.

This role focuses on operational execution, vendor management, and property standards, with limited involvement in rent collection and accounting responsibilities. Property Managers are expected to be highly visible and engaged on-site—building relationships, understanding the surrounding community, and identifying opportunities to enhance how each center serves its customers.

Working closely with Regional Property Managers and cross-functional teams, the Property Manager supports leasing efforts, strengthens tenant performance, and helps ensure each center remains a relevant and valued part of its neighborhood. Success in this role requires strong operational discipline, sound judgment, and a proactive, hands-on approach to managing both property performance and community experience.

Essential Job Functions

• Oversee day-to-day property operations, ensuring properties consistently meet company standards for physical condition, performance, and tenant experience
• Maintain a strong on-site presence, regularly walking properties to identify opportunities, address issues proactively, and ensure a high-quality customer experience
• Develop and manage operating and capital budgets, monitoring performance and addressing variances through cost control and operational adjustments
• Participate in capital planning and oversee execution of approved projects, ensuring scope, budget, and timelines are effectively managed
• Build and maintain strong relationships with tenants, vendors, and community stakeholders to support property performance and long-term engagement
• Support leasing efforts by providing insights on tenant performance, merchandising opportunities, and overall center dynamics
• Evaluate service needs, oversee vendor contracts, and manage third-party service providers to ensure quality performance and cost effectiveness
• Partner cross-functionally with accounting, marketing, leasing, and other internal teams to support property initiatives and overall portfolio performance
• Identify opportunities to enhance the customer experience and strengthen each center’s connection to the surrounding community
• Ensure compliance with all legal, regulatory, and environmental requirements
• Respond to after-hours issues and emergencies as needed

Requirements

• Bachelor’s Degree or equivalent work experience, with a minimum of 5 years of experience in retail property management
• Demonstrated ability to manage property operations with a high level of accountability for execution, property condition, and performance standards
• Strong financial acumen with experience managing operating budgets, controlling expenses, and addressing variances
• Experience overseeing capital projects, including planning, coordination, and execution
• Ability to make sound, timely decisions within defined authority, with good judgment on when to escalate
• Strong interpersonal skills with the ability to build and maintain effective relationships with tenants, vendors, and internal partners
• Proven ability to collaborate cross-functionally and contribute to broader property and portfolio objectives
• Highly organized with strong time management skills and the ability to manage multiple priorities effectively
• Effective communicator, both written and verbal
• Proficient in Microsoft Office (Excel, Word, Outlook) with an interest in property technology and systems
• California Real Estate Salesperson license required