Senior Property Manager - Office

Overview

Federal Realty Investment Trust is a proven leader in the ownership, operation, development, and redevelopment of premium retail real estate in the country's best markets. Federal Realty's high-quality community shopping center and mixed-use property portfolio is well respected within the industry. The company delivers a significant combination of modest and large value-added investments, and team members who take initiative can participate in executing Federal's business plan.

Federal Realty Investment Trust is one of the country’s largest publicly traded real estate investment trusts, yet operates more like a small company. Federal Realty invites candidates to follow the company on Linked In.

Federal Realty is sourcing a Senior Property Manager for our North Bethesda, MD corporate office. The Senior Property Manager will assist with overseeing the office buildings at Pike and Rose. The ideal candidate is a self-starter, a team player, pays close attention to detail, and provides exemplary professional service to internal and external parties. The Senior Property Manager will report directly to the Regional General Manager.

• Establish and maintain strong and positive relationships with all clients, property tenants, vendors, and contractors.
• Serve as the primary point of contact for all office-related clients, tenants, vendors, and contractors.
• Conduct routine property inspections, ensuring all standard operating procedures are met.
• Enhance and elevate the tenant experience by regularly assessing the building condition. Ensure issues are addressed immediately, and expectations are met.
• Supervise and approve the preparation of annual business plans and operating budgets for the owner, including market conditions, property profile, lease assumptions, income and expense projections, and capital improvement programs.
• Assist leasing agents in devising marketing plans. Maintain knowledge of current industry events, trends, and regulations. Lead the management team in developing, recommending, and implementing Owner-approved programs.
• Review architectural plans and bids and assist the construction management team as needed.
• Coordinate and supervise construction per the lease agreement, ensuring adherence to property code and building regulations. Ensure proper payment of construction contracts and proper execution of lien waivers.
• Administrative responsibilities include but are not limited to invoice processing, coding, and payment, ensuring all invoices are paid on time.
• Assist Regional General Manager with capital projects, including creation of 5- to 10-year capital plan, capital job tracking, creation of scope of work, and assistance with project management.
• Serve as a resource during office lease negotiations related to operating procedures, rules, etc.
• Assist the development team with review, comments, etc., of new construction or tenant buildouts.
• Manage day-to-day operations of all office buildings in the assigned regional portfolio, including facility maintenance, janitorial, security monitoring, security personnel, window washing, stone/metal/wood maintenance, elevator, etc.
• Prepare the annual operating budget, monthly variance reports, and quarterly budget reforecast reports for the properties, and manage operating expenses within or below budgeted levels.
• Collaborate with and be a resource to Retail Property Management.
• Be a point of contact for after-hours calls/questions/emergencies.
• Other duties as assigned.

• 10+ years of commercial real estate/office property management experience
• Bachelor's Degree is preferred, or equivalent work experience is required
• Previous experience managing a portfolio of properties is required
• Experience overseeing capital improvement projects and expenditures
• Knowledge of leases and financial statements and solid experience budgeting, monitoring expenses, and processing accounts payables
• Excellent leadership and team-building skills with a proven track record of successfully managing in-house employees and effectively influencing external stakeholders, contractors, and vendors
• Ability to effectively prioritize tasks and move seamlessly…