Job Title: Property Manager
Reports to: General Manager
FLSA Status: Exempt
Department: Property Management
Location: Bothell, WA
SteelWave is a privately held full-service creative life science, creative office and industrial real estate management, operating company and investment management firm. We create spaces focused on elevated and exceptional user experiences achieved through unparalleled design and detailed execution that conjure creativity, flexibility and invigorate collaboration. We’ve built a reputation for successful execution by sourcing sound investments in our 7 key markets: Northern California, Southern California, Denver, Seattle, Portland, Texas and Phoenix. Since 1973, SteelWave has acquired, developed or managed 6,000 multifamily units, 61.3M SF of industrial product and 38.45M SF of office product across our Western United States target markets at a combined cost of over $11.8 billion.
The Property Manager will report directly to the General Manager. The primary responsibilities of the position will be to assist the General Manager in the management, maintenance and operation of a 600,000 SF Commercial project Bothell, WA, and the oversight of onsite personnel. The portfolio consists of multiple buildings. This is a high-profile opportunity well suited for a candidate with property management experience who understands that increasing property values is achieved by maintaining high occupancy levels and minimizing operating costs, and to have the best maintained property in the market.
- Manage the entire operation, management and maintenance of 600,000 square feet of life science, office, flex, R&D, manufacturing, and retail uses, ensuring the income is maximized, expenses controlled, and the value of the asset is maintained by sustaining occupancy through tenant retention and timely leasing and marketing efforts.
- Timely completion of accurate budgets, marketing & leasing assumptions, quarterly financial reporting, CAM reconciliations, and other related financial tools implemented by owner, investors and/or lenders.
- Assists in monitoring all lease expirations and negotiating and executing lease renewals. Assist the leasing team on executing the leasing and marketing strategy for the asset by staying abreast of competitive properties and market conditions – including rental and vacancy rates, lease concessions, and other factors affecting the market and the asset.
- Facilitate, monitor and oversee all capital improvements at the property. Regularly inspect the asset to ensure the property is maintained at an optimum level, and safeguard the security and protection of all tenants and visitors.
Requirements & Qualifications
Real Estate license required, Bachelor degree preferred, and 3+ years of relevant work experience in commercial real estate required. Real Property Administrator (RPA) and/or Certified Property Manager (CPM) designation a plus. Must be fluent in Word, Excel, and have familiarity in accounting software programs (Yardi platform currently used). Knowledge in office or R&D product types required. The candidate must have excellent oral and written communication skills, and superior skills in tenant relations & customer service, supervision, budgeting/financial reporting. Other essential capabilities include commitment to meet deadlines, integrity, work ethic & leadership qualities.
Supervisory Responsibilities: This candidate will supervise the onsite staff of Assistant Property Manager and/or Property Administrator, as well as contractors and vendors performing work on the asset.
Travel: Ability to travel up to 25% of time by car within the Bothell Area. Some limited travel to Bellevue and Seattle may be required.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job the employee is frequently required to sit and use hands to finger, handle, or feel. The employee is occasionally required to stand and walk. The employee is occasionally required to lift up to 10 pounds. The vision requirements include: close vision and ability to adjust focus.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work is performed in an office setting with exposure to CRTs and UV rays. Working extended hours may be required as needed. While performing the duties of this job, the employee is occasionally exposed to outside weather conditions. The noise level in the work environment is usually quiet.
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