Address
Form of work
SalaryThe candidate chosen will fill the responsibilities of an existing employee.
POSITION SUMMARY:
The Lease Administrator is responsible for supporting the day-to-day tasks and initiatives of the Asset Management department regarding the Lease Administration function, working to manage a large portfolio of commercial properties in addition to working on prospective deals in the company's pipeline. This position has no direct reports.
ACCOUNTABILITIES:
- Lease abstract review and quality assurance.
- Tenant sales reporting data
- Tenant Certificate of Insurance (COI) compliance
- Accurate entry of all abstracted information into ERP system (MRI) for new acquisitions including rent, CAM, tenant use, tenant sales, and any material lease clauses
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Oversee lease database management for an assigned portfolio of properties
- Manage the lease execution process, drafting tenant welcome packages, maintenance and collection of COI's, drafting commencement certificates, entering the tenants lease information into our accounting software (MRI), managing the rent roll, as well as coordinating any other one-off requests
- In a timely manner, complete and implement abstracts for every lease, amendment, letter agreement, and other lease administration tasks for existing and new assets
- Collect tenant sales information, prepare default notices as requested by legal, coordinating any general lease correspondence, assisting with CAM reconciliations and other recurring billings as requested
- Generate leasing & compliance reports from internal leasing teams and prepare a monthly portfolio report to track: Lease expirations within an time period, COI compliance, sales reporting, as well as other ad-hoc summaries
- Evaluate leases for prospective value-add opportunities in potential acquisitions as well as existing properties
- Assists in the preparation and/or review of potential dispositions of existing properties and the acquisition of prospective properties
- Additional ad-hoc projects as necessary based on industry demands
- Perform other duties as assigned
KNOWLEDGE, SKILLS AND REQUIREMENTS:
- Bachelor's degree in business or related field; proven industry experience acceptable in lieu of a degree
- 2-5 years prior experience as a commercial lease administrator
- Prior experience related to the retail asset class preferred
- Prior experience drafting leases and performing lease abstracts
- Prior experience with Microsoft, MRI, or other related real estate accounting and project management software strongly preferred
- Excellent oral and written skills are required
- Prior paralegal experience is a plus
- Great problem-solving skills
- Ability to work as an individual and collaborate with a team
- Knowledge of Commercial Real Estate Lease Structures (Retail Preferred)
- Ability to multitask and prioritize high level tasks
WORK ENVIRONMENT:
Includes a typical office or home-based office environment, with minimal exposure to excessive noise or adverse environmental issues.
PHYSICAL REQUIREMENTS:
Ability to sit for prolonged periods of time.
POSITIONS SUPERVISED:
None.
A WORD ABOUT FNRP
First National Realty Partners is a dynamic private equity firm that's reshaping the commercial real estate landscape. Our vertically integrated structure provides the #1 option for accredited investors looking to earn superior risk-adjusted returns in the necessity-based retail space. Our trusted relationships with top national-brand tenants give our team game-changing intelligence and maneuverability in the industry, specializing in grocery-anchored properties. Our trusted connections with the largest national brands in the country, and our proven investment criteria, allow us to de-risk investment opportunities and present the best, institutional-quality deals to investors who previously would never have had access to this asset class on the open market.
All of this would be impossible without the unparalleled knowledge and experience of our team members who bring the best of their respective fields to our firm. At FNRP we strive to be a responsible organization that creates value for all our stakeholders alike, including tenants, communities, investors, and employees. Our world-class team is united by the same core values as well as dedication toward FNRP's vision: to create a world where everyday accredited investors can invest in world-class institutional quality grocery-anchored commercial real estate.
Working at First National Realty Partners is unlike anything you've experienced before. We're not your stuffy shirt-and-tie office space. We believe in flexibility, accountability, comradery, and achieving our goals together. Will you join us?
