Job Summary:

Under the direction of the Group Chief Operations Officer, the Property Manager plans, directs, or co-ordinates the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. The Property Manager has the bottom-line profit and loss responsibility for project conceptualization, planning, market and financial analysis, interfacing with design and construction and successfully developing or redeveloping the company’s real estate portfolio.

Duties & Responsibilities:

• Source and analyze the feasibility of potential development sites and evaluate associated development schemes.
• Development planning for successful development of projects, which would include extensive financial investment analysis, pro-forma modeling of new developments, opportunistic investment strategies.
• Source acquisition opportunities, conceptual planning.
• Participate in the identification and negotiation of debt financing, public grants, public incentives, and tax credits.
• Prepare and direct internal requests for authorization of capital investment and expenditures to initiate development, prepare investment committee packages and investment committee package support.
• Direct activities with attorneys, architects, engineers, and other consultants to plan projects related to site permits, acquisition due diligence and closing activities.
• Work with local citizen groups, governmental bodies and other interested parties to obtain necessary project permits and entitlements.
• Direct and manage the Project Team responsible for the construction of projects coordination of designers and consultants and general contractor, etc.
• Monitor and assure timely completion of the investment and development within the established budget, schedule and required investment returns.
• Initiate, plan and manage the marketing and leasing plan for development and/or investment opportunities including all aspects of marketing materials and promotion, broker relations and supervision of listing agents (as applicable) to broadly expose property, anticipate competition, and secure lease prospects.
• Pursue prospective tenants for leasing of available retail space components and negotiate letters of intent and lease agreements directly with tenants to ensure the
  • achievement of stated development and investment goals.
• Understand and negotiate all aspects of lease agreements to determine the impact of each lease on the value of each development/investment.
• Provide leadership, mentoring, professional guidance, direction and supervision to other internal team members.
• Consult with and assist with appropriate internal Managers in identifying operational and management issues, opportunities and benefits relating to development design and construction and transfer of property to portfolio status or sale at completion. Such consultation will include materials and equipment selection, which will be used in developing projected stabilized operating budgets.
• Work with the project/development team to transition project acquisition and entitlement to project programming, design and delivery phase.
• Develops, completes and presents monthly, quarterly and annual reports for the Board of Directors.

Minimum educational requirements:

• An undergraduate degree in engineering, construction, real estate, architecture, business, finance and/or economics.
• MBA or MS in Real Estate or Finance a plus.

Minimum experience:

The position requires a minimum of 5-7 years of hands-on real estate experience including a series of accomplishments which indicate increased responsibility and demonstrated performance in a broad array of development experience including public finance and incentives, permitting, design, construction, finance, and leasing, creating incremental asset value and realized or quantified profitability. The incumbent must have been in a strategic managerial position with experience garnered from organizations/institutions, such as large conglomerates, regional organization, real estate agencies / firms, industrial / commercial entities.

Required Competencies:

• Must possess strong financial analyses skills, including detailed discounted cash flow analysis utilizing Argus, Excel or similar programs, and demonstrated ability to analyze and implement complex financial models and structures and evaluation of corresponding risks.
• Highly effective communication, presentation and listening abilities are essential for navigating company investment/development opportunities through the multitude of public and private steps for successful completion of economic goals and objectives.
• Must have robust interpersonal skills, social intelligence and political acumen.
• Ability to set personal and project priorities and be highly organized in day-to-day and longer-term planning and execution, and track and maintain complex schedules effectively.
• Sophisticated research skills required to collect and analyze market information, aggressively compete against industry participants for increased market share, establish facts and interpret an extensive array of information in order to draw conclusions, prepare and defend recommendations and make the critical investment decisions with corresponding authority and minimal oversight.
• Must possess good instincts and strong situational awareness.
• Demonstrated ability to source, negotiate and execute retail leases and other non-hospitality revenue opportunities.
• Demonstrated ability to negotiate and execute all types of development related contracts.
• Demonstrated ability to source, negotiate and execute public incentives and public financing, debt financing.
• Demonstrated ability to procure entitlements and building permits.
• Demonstrated ability to source, negotiate and close the acquisition of land.
• Demonstrated ability to source, negotiate and close the acquisition of raw land and existing buildings.

Leadership Competencies

• Change Leadership – Takes responsibility for leading, directing, and managing organizational change.
• Establishing Focus – Aligns personnel and other resources in a manner consistent with organizational vision and objectives.
• Knowledge Management – Establishes and provides on-going support of knowledge management processes and tools in order to ensure continued organizational viability and progress toward vision.
• Vision – Builds and shares a compelling view of the direction, or sense of purpose of the organization, to engage and motivate others toward a common goal.
• Coaching – Guides others to make the most of their available skills.
• Conflict Resolution – Uses a variety of approaches to manage and resolve concerns, disagreement, and conflict.
• Continuous Development – Builds professional skills and competencies of self and others.
• Delegation – Delegates responsibility and authority as appropriate.
• Leveraging Diversity – Leads and manages an inclusive workplace that maximizes the talents of each person to achieve the vision and mission of the organization.
• Mentoring – Helps others, regardless of reporting relationship, to acquire the awareness, confidence, and resources necessary to fulfill their potential.
• Motivating Others – Inspires others. Commitment to their work and organizational excellence.
• Performance Management – Develops and implements strategies that optimize individual performance within the department.
• Decision Quality – Makes sound decisions that consider objectives, risks, implications, and agency and governmental regulations.
• Financial Acumen – Maintains and applies a broad understanding of fiscal management principles to ensure decisions are fiscally sound and responsible.
• Risk Management – Plans and implements measures that will avoid, overcome, or compensate for elements of risk.