Regional Property Manager
10 days ago
Rye
Job DescriptionAcadia (NYSE:AKR), headquartered in Rye, New York, Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – core and investment management – platforms. Our energized team is accomplishing this goal by building a best-in-class, location-driven core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors, including those in New York, Chicago, Los Angeles, San Francisco, Washington DC, Dallas, and Boston. At the same time, we manage opportunistic and value-add investments through our investment management platform. Acadia is seeking an experienced Commercial Property Manager with a successful track record managing mixed use retail in the NYC urban environment to join its team. The successful candidate must have experience with commercial real estate management with an emphasis on retail stores, shopping centers and NYC condominium management. The candidate must be a driven self-starter that can operate independently. The candidate must be a creative problem solver with the ability to make educated decisions and act swiftly to resolve issues in a fast-paced environment. This position is based at the company’s corporate office in Rye, New York, but will require travel into NYC and potentially other tri-state regions to manage additional Acadia-owned properties. Responsibilities include: • Oversee all aspects of the onsite day-to-day operations of a portfolio of assets; urban street retail with condo/co-op board relations., • Strong background and understanding of NYC condo/co-op properties, including governing documents, working with managing agents, and board experience., • Ability to multi-task and prioritize needs and issues at assets along with internal intra-departmental requests., • Schedule and oversee all services vendors/contractors to include daily and monthly preventative maintenance standard practices., • Oversee vendor contracts for assigned properties, • Perform regular inspections of assets including exterior sidewalks, parking lots, roofs, equipment/mechanical rooms, any other common areas, tenant spaces, vacant spaces, etc., • Ensure Life Safety Systems are maintained in accordance with all applicable local, state and federal codes and ordinances., • Take immediate corrective action to address emergencies, and/or site deficiencies; actively monitor all violations, NYC Local Law requirements and diligently remedy all imposed fines., • Act as liaison with retail store’s onsite team and offsite owner/management., • Act as liaison with any residential elements of mixed-use assets; condo/co-ops or owned residential and their management group and boards., • Effectively and timely address any maintenance requests and repairs that are landlord responsibility and/or coordinate with appropriate stakeholders for elements involving the co-op/condo, • Develop and maintain asset operating and capital budgets., • Review and approve invoices for assigned properties, • Ability to read and interpret co-op and condominium budgets and financial statements and participate in the financial planning of assigned assets at the cooperative and condominium level. Responsible for reviewing, approving and processing invoices from assigned condominium and cooperatives., • Oversee retail unit vanilla box projects and tenant construction projects and coordination with various stakeholders including co-op and condo buildings, boards, managing agents and its professionals., • Involvement in Landlord Work projects and coordination with internal Construction Department and outside stakeholders such as cooperative and condominium buildings, managing agents, professionals, and superintendents., • Ability to read and interpret construction plans and documents. Review tenant construction plans; approve or flag issues requiring revision or clarification from tenant’s team. Act as a liaison with co-op and condominium Boards, managing agents, and its professionals to facilitate the alteration plan review and approval process. Working with Tenant Coordination team to facilitate the alteration review and approval process., • Represent ownership at board meetings of the co-ops and condos., • Represent ownership by creating and maintaining strong relationships with condominiums and condo management, local police/fire departments, BIDs, MTA, and other 3rd party groups., • Bachelor’s degree required., • Must possess a valid driver’s license with reliable transportation to travel to property sites as required., • 5 to 7+ years’ experience in commercial real estate management with an emphasis on retail store management, portfolio management experience, and experience with NYC co-op and condo Properties, • Experience with reading construction plans, leases, co-op and condo governing documents, and other building and real estate documents., • Knowledge of NYC compliance, rules and regulations, including DOB, FDNY, and LPC., • Knowledge of Jack Jaffa, or similar software, and navigating NYC compliance related matters., • Experience with overseeing onsite construction projects; landlord common area paving, concrete, roofing, façade, storefront and other projects., • Experience with alterations in NYC co-op and condominium properties, including addressing emergencies and crisis management., • Experience with capital improvement projects, including in NYC co-op and condominium properties., • Experience with NYC co-op and condominium board meetings, including annual meetings., • Understanding of operations of building equipment including HVAC, electrical, sprinkler, fire alarm and plumbing., • Understanding of operations of co-op and condo properties in NYC., • Knowledge of reading and analyzing budgets, capital plans, variance reports, and financial statements, including for NYC co-op and condominium properties, • Knowledge of insurance with an emphasis on NYC co-op and condominiums., • Experience working with on-site property personnel and managing agents with an emphasis on NYC co-op and condominiums., • Highly effective leadership, organizational, interpersonal and communication skills., • Excellent time management skills, • Proficient in Microsoft Office Suite, • Demonstrated experience with large, complex accounts and portfolios with multiple properties and stakeholders., • Excellent decision making and analytical skills to evaluate, prioritize and address issues and action items in assigned portfolio. The base salary compensation range for this role reflects the wide range of factors that are considered in making compensation decisions, including but not limited to, skill sets; experience and training; licensure and certifications; and other business and organizational needs. Compensation decisions are dependent on the facts and circumstances of each individual. A reasonable estimate of the current base salary range for this position is $110,000 - to $120,000. Employees may also be eligible to participate in an annual discretionary bonus program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance. Acadia Realty is an Equal Opportunity Employer - Veteran/Disability
