The posting
JOIN OUR TEAM
Bridge33 Capital is a rapidly growing, national, vertically integrated real estate private equity firm specializing in open-air retail real estate. We own and operate more than $2.7 billion of assets across 26 states. Poised to launch its next fund—a pivotal milestone—the Company remains dedicated to driving value at every stage of the investment lifecycle.
We are seeking a COMMERCIAL REAL ESTATE ASSISTANT PROPERTY MANAGER, who is looking to learn and grow into a Commercial Real Estate Property Manager and beyond! This role is 4 days/week in-person, and 1 day/week work from home, based in our downtown Chicago office. Come make your mark as an integral part of Bridge33 Capital!
MISSION
We build relationships and create value where others don’t.
KEY PRINCIPLES
We’re Better Together | We’re Here to Serve | We crush our egos, and we have empathy for teammates | We stay positive | We embrace accountability, and we champion results.
ESSENTIAL RESPONSIBILITIES
- Supports the Property Manager in managing all aspects of property management functions for Bridge33 assets. Including, but not limited to, tenant and vendor relationships, lease obligations, construction management of tenant improvements, and rental collections for the assets.
- Responds to tenant needs with a sense of urgency, ensuring any issues or repairs are addressed and resolved promptly and in a cost-effective manner.
- Ensures services are provided in compliance with company policies, procedures, regulations, and contractual obligations and standards.
- Performs periodic property inspections and completes site audit forms. Recommends and/or approves alterations, maintenance, and reconditioning as necessary.
- Bids, secures and administers service agreements with vendors and suppliers while achieving the best value for the asset. Requires tactful negotiation skills. Achieves cost savings without sacrificing services is an ongoing goal.
- Resolves maintenance issues, administration of property improvements and oversight of existing conditions to achieve the long-term preservation of the shopping center.
- Coordinates tenant move-ins and move-outs, and "walk-through" spaces with tenants and manages tenant improvement projects, including oversight of tenant's general contractor's work.
- Prepares and delivers timely, accurate and complete asset updates and reports as required.
- Develops and controls annual budgets for operating expenses and rent rolls. Forecasts management plans and reviews/audits monthly rent roll report and monthly account receivable (A/R) aging report, explaining variances.
- Assists with creating tenant lease abstracts and manages all critical dates and actions for the Property Manager’s direction and approval when required.
- Assesses risks and implements facility preparation, assessment, and recovery strategies, as part of business continuity program during and after normal business hours.
- Collects rent and pays expenses in compliance with lease terms. Prepares all required legal notices. Recommends and coordinates legal action as necessary.
- Collaborate with Property Manager to develop and manage strong tenant retention by cultivating deep tenant relationships.
- Maintains strong business relationships with property vendors.
- Proactively manages tenant relations to keep a pulse on the asset and the overall market.
- Develops new business relationships through membership participation in professional industry/trade and civic organizations.
- Responds 24 hours, 7 days per week to any tenant issue or property emergency.
- Performs other duties as assigned.
Requirements
- Minimum of 2 years’ experience or training in commercial real estate.
- Ability to analyze and interpret financial reports, budgets, contracts and similar documents necessary to manage and operate a shopping center.
- Demonstrate sound verbal and written communication skills.
- Ability to adapt to a dynamic work environment.
- Knowledge of lease financial terms and principles, including rent calculations, operating expense management and reconciliations. Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts basic financial analysis.
- Ability to make decisions based on real estate business practices and procedures as well as company policies to achieve set results and deadlines. Responsible for setting own project deadlines when necessary.
Benefits
- Fast paced and dynamic work environment, including frequent interaction with the senior management team.
- Generous paid time off policy.
- Company sponsored medical, dental and vision insurance.
- Company paid life insurance.
- Company paid short- and long-term disability insurance.
- Paid parental leave.
- 401k plan with Company match.
- 11 paid holidays.
The annual base salary range for this role is $58,000 - $70,000 and the role is eligible for an annual discretionary bonus.
Bridge33 provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, age, sex, national origin, disability status, genetic information, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. Bridge33 is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, please contact our Human Resources department at [email protected].
