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Kite Realty Group · 20 hours ago

Director - Property Management (Commercial Real Estate/Retail)

Indianapolis, IN

Full-time

Onsite

Director/Executive

8+ years exp

Kite Realty Group Trust is a real estate investment trust headquartered in Indianapolis, IN, specializing in open-air shopping centers and mixed-use assets. The Director of Property Management will oversee the net operating income and performance of regional portfolios, develop strategies for property value maximization, and manage both internal and external property management teams.

Real Estate

Responsibilities

Develop strategies to maximize value of each property through revenue enhancements, expense reductions, leasing strategies as well as potential re-development and/or re-positioning strategies

Conduct the annual assessment of the Team including Annual Performance Reviews

Direct the overall financial performance of their Team

Responsible for the overall growth trajectories of their direct reports and, when necessary, capable of identifying and hiring replacements

Hold regular weekly, bi-monthly and quarterly meetings to communicate Policy and Procedure, as well as corporate initiatives to the field teams

Ensure that Property Managers are utilizing Salesforce.com to its fullest extent

Visit the properties in their Region at least 1x per year with their respective Property Managers

Instrumental in collaborating with other Directors and VP of Property Management to develop, plan and execute on overall department strategies

Oversight of day-to-day property management functions through utilization of internal or external property management/maintenance resources

Develop and execute tenant relations programs

Assist with preparation of annual operating budgets to include leasing assumptions and capital expenditures

Function as liaison with leasing department on property level leasing matters, providing support as necessary to accomplish annual leasing goals at the property

Provides oversight for executing lease renewals at the property level and is cognizant of renewal leasing 'spreads.'

Develop and execute annual strategic management plans for each property to include expense reduction efforts and revenue enhancement strategies (ancillary income opportunities)

Have ownership of each property’s ability to meet or exceed the Kite property branding standards- appearance, cleanliness, sight lines, signage, etc

Prepare periodic budget vs. actual variance analysis, provide re-forecasted data on occupancy and NOI for each property

Function as primary interface with KRG Legal team on requested revisions to the KRG lease form as part of new lease negotiations

Assess individual operating center and portfolio retailer health (occupancy cost as a percentage of sales)

Stays abreast of trends within the real estate industry as well as retailer world, is cognizant of changes in the investment climate, knows and understands issues impacting retailers

Expert time management skills and ability to work independently

Qualification

Property ManagementFinancial AcumenTenant Credit ReviewLeasing ProcessMicrosoft OfficeMRI SoftwareSalesforce.comCSM CertificationRPA CertificationCPM CertificationCCIM CertificationCommunication SkillsTime Management

Required

Requires a minimum of 8-10 years of previous Property or Property Management related experience in commercial real estate

Experience in leading or supervising teams needed

Required job skills learned include: Communicating verbally and in writing to tenants, creating budgets, preparing management reports, reviewing, and explaining documents such as: lease terms, CAM Reconciliations, insurance requirements, and other commonly used documents in the commercial real estate industry

Must be proficient at Microsoft programs Outlook, Word, Excel, & PowerPoint and/or Mac OS

Must be trainable on MRI and Salesforce.com

You must also be able to travel to the properties in the portfolio for onsite routine visits, while maintaining effective responsiveness to the ongoing tenant and departmental needs of the company

Requires strong financial skills, including analysis of tenant financial information, real estate investment return measures and valuation analysis

Travel required as needed

Preferred

Bachelor's degree or higher from an accredited college or university preferred; or equivalent experience of a minimum of 8-10 years' experience in real estate property management, strong preference for retail shopping center experience (CSM or other industry designation is a plus)

Not required but recommended are CSM, RPA, CPM and/or CCIM designations in commercial real estate