Cardinal Group Companies · 1 day ago
Portfolio Manager, New Development
Denver, Colorado, United States
Full-time
Hybrid
Mid, Senior Level
$105K/yr - $120K/yr
3+ years expCardinal Group Companies is a prominent organization in the operations domain, seeking a Portfolio Manager for New Development. This role involves overseeing the operations, leasing, and marketing of a portfolio of ground-up developments, ensuring operational performance, efficiency, and innovation throughout the lease-up process.
LeasingProperty ManagementReal EstateReal Estate Investment
Responsibilities
Primary point of contact for clients. Expected to manage client relationships and maintain client satisfaction
Develop strong working relationships with internal and external constituents
Collaborate and communicate with other departments internal to Cardinal Group Management, including the Systems Team, Business Development, Transitions Team, Accounting Team, Management Services and, People and Culture Team
Update and adhere to the Lease-Up Transition Tracker ensuring communication and deadlines between all internal departments is clear
Prepares and interprets reports necessary for auditing property performance
Seek opportunities to bring innovative marketing ideas to the lease-up by tracking industry and non-industry trends
Attend weekly client calls to present leasing updates and marketing strategies
Promote and understand all aspects of CWOL and live the Cardinal Core Values daily
Manage New Development funding requests and funding true ups during lease up
Review the new property transition list and work with internal and external partners to complete it
Facilitate the opening and ongoing operations of the leasing office
Maintains all operational property information: vendor contacts, employee rosters, budgets, marketing strategy, etc
Prepare and present the initial lease-up budget based on clients' underwriting, date of TCO, unit delivery, and absorption schedule
Prepare and present proposed rates, premiums, and leasing fees for client approval
Review monthly variance reports and submit them to clients
Provide quarterly forecasts based on market demand and leasing velocity
Prepare and interpret reports necessary for auditing the property’s performance
Complete regular lease audit to ensure compliance
Finalize lease and addendums
Set up Entrata and Terrain
Prepare a lease-up staffing plan. Collaborate with stabilized PM on the staffing transition plan from lease up to year one operations
Hire, train and on-board the Community Manager with the input of the stabilized Portfolio Manager
Oversee the Community Manager in on-site hiring efforts
Engage in leasing, follow up, and outreach to model ideal execution
Monitors team member performance and acts as an advisor for team member development and corrective action when necessary
Provides direct support to the Community Managers to ensure that all policies and procedures are followed according to best practice
Monitors Team Member participation in Cardinal U
As needed work with the contracted marketing agency on the naming, branding, collateral, website, imagery, signage, etc
Prepare the marketing plan, budget and goals for each property and present them for client review
Train the on-site team on the brand and ensure the vision of the brand is achieved throughout each aspect of the leasing and marketing experience
Review and approve each community’s Monthly Marketing Plan (MMP). Meet with the CM and LMTL prior to launch to discuss execution and look for opportunities to optimize efforts
Review property website, collateral, and ads for accuracy on an ongoing basis
Guide on-site Team Members and ensure proper implementation of all marketing initiatives and activity at your portfolio’s communities. This may include housing fairs, open houses, orientations, community events, university and local marketing events, promotional items, social media, website audits, advertisements, and online digital strategies
Review SEO and PPC monthly and present to clients when requested
Monitor effectiveness of marketing mediums and make adjustments as needed
Create property specific training materials that cover the brand, the market, the competitive advantages, apartment features, community amenities, and property location. Conduct training of material to on-site Team Members prior to lease launch
Execute the approved “Cardinal Leasing Experience” at all communities. This includes, but is not limited to sales, customer service, curb appeal, model presentation, leasing technology and marketing, etc
Provide on-site leasing sales and marketing training and regular and consistent feedback to the Leasing Teams with regards to phone and onsite tour performance, via phone, video conference, virtual role playing, and in person role-playing
Audit unit assignments to maximize open units
Qualification
Required
Experience with Lease Up Student Communities required
3-5 + years' experience in property management with a focus on leasing and marketing
Strong communication and collaboration skills
Ability to motivate and energize a team
Ability to analyze leasing data including but not limited to traffic volume, closing ratios, market comparable data, lease signing velocity, rental rates, and concession analysis
Knowledge of leasing and sales techniques
Computer skills, including but not limited to email, internet, Word processing, spreadsheet, database, and community management software
Knowledge of Microsoft Office and Google Apps for Business
Ability to define and solve problems, collect, and analyze data, establish facts, and draw valid conclusions
Ability to deal with several abstract and concrete variables
Understands and complies with all Fair Housing Laws and standards
Ability to embody the Cardinal Culture and Cardinal Core Values every day
Willingness to travel up to 40%
Preferred
Bachelor's degree preferred
Benefits
Health, vision, dental, and pet insurance
401(k) retirement plan
Student loan assistance
Licensing and continuing education reimbursement
Parental leave
Housing allowances or gifts
Company
Cardinal Group Companies
The strength of Cardinal is rooted in our identity.
1001-5000 employees
H1B Sponsorship
Cardinal Group Companies has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2022 (1)
Funding
Current Stage
Late StageLeadership Team
Gabriella Azmoudeh, PHR
Associate HR Business Partner
John O'Brien
Chief Administrative Officer (CAO)
Recent News
2026-01-06
Company data provided by crunchbase