Portfolio Manager, Development; Subtext

POSITION

Portfolio Manager, New Development

Pursuant to Colorado regulations, if this job is performed in Colorado, the salary range is $100,000 - $105,000 plus bonus potential. Eligible to participate in the company benefits plan. We offer health, vision, dental, and pet insurance. We offer a 401(k) retirement plan, student loan assistance, licensing and continuing education reimbursement, parental leave, and housing allowances or gifts.

The Portfolio Manager New Development is responsible for the operations, leasing, and marketing of an assigned portfolio of ground up developments from pre-development, through active lease up and until transitioned to stabilized operations. The Portfolio Manager New Development will leverage departmental, intracompany, intercompany, and external resources to drive operational performance, efficiency, consistency, and innovation across their portfolio of Lease Ups.

• Primary point of contact for clients. Expected to manage client relationships and maintain client satisfaction.
• Develop strong working relationships with internal and external constituents
• Collaborate and communicate with other departments internal to Cardinal Group Management, including the Systems Team, Business Development, Transitions Team, Accounting Team, Management Services and, People and Culture Team.
• Update and adhere to the Lease-Up Transition Tracker ensuring communication and deadlines between all internal departments is clear.
• Prepares and interprets reports necessary for auditing property performance.
• Seek opportunities to bring innovative marketing ideas to the lease-up by tracking industry and non-industry trends.
• Attend weekly client calls to present leasing updates and marketing strategies.
• Promote and understand all aspects of CWOL and live the Cardinal Core Values daily.
• Manage New Development funding requests and funding true ups during lease up.

• Review the new property transition list and work with internal and external partners to complete it.
• Facilitate the opening and ongoing operations of the leasing office.
• Maintains all operational property information: vendor contacts, employee rosters, budgets, marketing strategy, etc.
• Prepare and present the initial lease-up budget based on clients' underwriting, date of TCO, unit delivery, and absorption schedule..
• Prepare and present proposed rates, premiums, and leasing fees for client approval.
• Review monthly variance reports and submit them to clients.
• Provide quarterly forecasts based on market demand and leasing velocity.
• Prepare and interpret reports necessary for auditing the property’s performance.
• Complete regular lease audit to ensure compliance.
• Finalize lease and addendums.
• Set up Entrata and Terrain.

• Prepare a lease-up staffing plan. Collaborate with stabilized PM on the staffing transition plan from lease up to year one operations.
• Hire, train and on-board the Community Manager with the input of the stabilized Portfolio Manager.
• Oversee the Community Manager in on-site hiring efforts.
• Engage in leasing, follow up, and outreach to model ideal execution.
• Monitors team member performance and acts as an advisor for team member development and corrective action when necessary.
• Provides direct support to the Community Managers to ensure that all policies and procedures are followed according to best practice.
• Monitors Team Member participation in Cardinal U.

• As needed work with the contracted marketing agency on the naming, branding, collateral, website, imagery, signage, etc.
• Prepare the marketing plan, budget and goals for each property and present them for client review.
• Train the on-site team on the brand and ensure the vision of the brand is achieved throughout each aspect of the leasing and marketing experience.
• Review and approve each community’s Monthly Marketing Plan (MMP). Meet with the CM and LMTL prior to launch to discuss execution and look for opportunities to optimize efforts.
• Review property website, collateral, and ads for accuracy on an ongoing basis.
• Guide on-site…