Property Manager

About the role

Federal Realty, a publicly traded real estate investment trust focused on retail real estate, is seeking a Property Manager based in Annapolis, MD, to run Annapolis Town Center, an outdoor lifestyle center with retail, office and residential components. The role partners with the Senior Regional Property Manager on day-to-day operations and value creation, and suits an experienced Assistant Property Manager ready to take on a full Property Manager position.

Key responsibilities

• Serve as the main contact for tenants' daily needs, including general maintenance, utilities, trash and parking management
• Manage service providers such as repair and maintenance, landscaping, housekeeping, waste removal and security
• Create and maintain operations standards and procedures, and develop proactive strategies to solve operational and compliance issues
• Maintain positive tenant relations and gather tenant information on sales and market comps
• Inspect the property regularly for condition, compliance and administration
• Develop and review annual operating budgets, monitor purchases and expenses, and prepare monthly and quarterly budget reforecast reports
• Manage controllable expenses within budget and create long-range capital improvement plans
• Determine job specifications and bid large maintenance projects and service agreements
• Work with Project Managers in Tenant Coordination to speed landlord work, space delivery and tenant openings
• Handle accounts receivable and process payables for the portfolio
• Identify issues affecting property performance and recommend corrective programs

Required profile

• Minimum of 3 years of property management experience; experience managing retail shopping centers preferred
• Bachelor's degree or equivalent experience
• Experience budgeting, expense monitoring, monthly management and financial reporting, and accounts payable processing
• Experience negotiating and monitoring maintenance projects and service contracts
• Excellent written, verbal and interpersonal communication skills, strong organization and time management
• Ability to work beyond a 9am to 5pm schedule and to perform on-site inspections, including standing for long periods

Required skills

• Proficiency in MS Office
• Budgeting and expense monitoring
• Accounts receivable and accounts payable management

Typical base pay is $100,000-$120,000 per year plus bonus, depending on skills, experience, education and training.