Job Details

Real Estate Portfolio Manager

Company name

Learning Care Group

Organization Type

In-House

Job Type

Legal Staff

Date Last Verified

Jul 19,2019

Valid Through

Nov 01,2019

Posted on

Jul 11,2019

Years of Experience

Min 5 yrs required

Location

Novi, MI, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Real Estate >> Real Estate
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Real Estate Portfolio Manager
Key Responsibilities: Negotiate lease renewal/extension or lease termination terms, including amount to be paid, length/timing, tenant improvement allowances and/or landlord work, etc. Research in connection therewith includes analyzing/determining the area market rents, nearby vacancy rates, positioning of the property’s location and its nearby competition, local demographics, economic information, etc. Present deals to C-level Real Estate Committee. Prepare and/or review leases, lease amendments, renewal option exercises, letter agreements, notices, purchase and sale agreements (PSAs), confidentiality and non-disclosure agreements (CNDAs), subordination, non-disturbance and attornment agreements (SNDAs), estoppel certificates, legal descriptions, zoning restrictions, reciprocal easement agreements (REAs), surveys, planned unit developments (PUDs), title reports and declarations of covenants, conditions and restrictions (CCRs), etc. Continual monitoring of critical dates, providing advance notice to management of upcoming decisions which need to be made and recommending appropriate action(s). Timely review and authorization for payment landlord billings for rent (including CPI-based calculations), CAM, insurance and real estate taxes. Forensically review amounts previously or currently being paid to landlords in order to identify possible errors or irregularities. Preparation of reports for and participation in periodic property/portfolio reviews, which can require detailed market research. Research of and compliance maintenance with key lease provisions. Liaison with the Company’s landlords, handling virtually all incoming and outgoing correspondence, including the coordination of site inspections by landlords, lenders and their agents; maintaining/enhancing relationship with landlords is critical. Plan, coordinate and manage the school closing and surrender process. Review opportunities for sale or sublease of surplus, underutilized or non-strategic assets, and where applicable, provide information to the Company’s brokers in this regard. Provide information to the Company’s consultants for the appeal of assessed values to minimize real property tax expense. Initiates and promotes continual process improvements within the real estate department.

Qualification and Experience

The candidate should have Bachelors degree in Accounting, Finance, Business or Paralegal studies. Should have 5+ years of experience in the asset management/lease administration/real estate development for organizations with a large number of locations.

Company info

Hiring Coordinator
Learning Care Group
21333 Haggerty Road
Suite 300
Novi, MI 48375

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