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Property Manager

Property Manager

About the Role: Manage and oversee day-to-day operations of an industrial portfolio while maintaining and improving the underlying performance of each commercial property, achieving Company goals, and addressing tenant questions and concerns.

What you'll do:

· Oversee an industrial portfolio while emphasizing timely responses to tenants and vendors while meeting the investment objectives of the owner

· Develop and maintain ethical, professional, and courteous relations with vendors, general contractors, engineers, architects, tenants, coworkers, and ownership

· Audit and manage all fiscal activities of the property, including but not limited to, maintaining full P&L responsibility, accounting accrual adjustments, cost allocations, analysis of monthly expenses, annual budget preparation, budget re-forecasting, CAM estimates, CAM reconciliations, business and financial planning, monthly financial statement review, capital expenditure oversight

· Manage and development of risk mitigation plans for the industrial portfolio, while tracking landlord, tenant, and vendor insurance compliance 

· Manage all day-to-day activities of the property and including lease administration, property maintenance, operations oversight, and standard operating procedures

· Manage capital expenditures, run tenant improvements and capital retrofits with an emphasis on budget and timely completion of scope. Develop and track three-year, five-year, and ten-year capital expenditure budgets with annual reforecasting 

· Manage property marketing as well as implementations of third-party technology to increase operational efficiencies for the industrial portfolio

· Negotiate contracts and supervise all contractor services related to the physical operation of the property

· Serve as primary contact with owner and prepare special ownership reports as needed.

· Ensure revenues are timely collected and payments are properly processed; improve systems to ensure and enhance current collections and operations

· Oversee all eviction and collection processes within the portfolio

· Visit and inspect properties to evaluate their condition and provide recommendations for improvement and risk mitigation

· Monitor critical dates in the industrial portfolio (rent commencements, expirations, renewals, tax deadlines, insurance renewals, etc.)

· Ensure invoices are submitted timely to accounting for payment and verify utility and maintenance bills are meeting budget expectations

· Oversee tax remittances and verify billing dates and coverage for active insurance policies

· Ensure tenant repair and maintenance requests are timely and professionally responded to and managed, with an emphasis on quality and cost-efficiency

· Other property management-related duties, as assigned

What you need to succeed:

· Ability to multi-task and prioritize time sensitive objectives

· Excellent problem-solving skills, creativity, and resourcefulness

· Minimum 4 years hands on experience with manual calculation of CAM reconciliations with no supervision. 

· Minimum 4 years hands on experience in the entire budget cycle with no supervision

· Proficiency in lease abstraction, administration, and analysis

· Proficient at composing business letters, expositions, summaries, and reports, using proper format, punctuation, grammar, diction, and style

· Demonstrate proficiency in Microsoft Office software

· Yardi experience preferred

Our ideal candidate:

Education and experience

· Minimum five years professional work experience in industrial commercial property management.

· CA Real Estate Salesperson’s license, required

· P&L responsibility and budgetary experience

· Associates Degree or high school diploma required, college degree preferred

· Tenant Improvement (T.I.) experience

· Extreme attention to detail

· Strong interpersonal skills

Physical abilities/Working Conditions: 

· Work indoors approximately 75% of the time and outdoors 25% of the time with travel from time to time

· Use olfactory, auditory, and visual senses to inspect building and detect items of concern

· On occasion, perform physical inspections of the property which may include climbing up and down ladders or accessing restrictive openings

· Ability to lift up to 25lbs

· Though occurrences are rare, be accessible 24 hours a day in case of an emergency and perform on-site operations management during emergencies

· Work overtime as business needs deem appropriate

What do we value?

We take our values seriously, do these values inspire you? If so, you’ll love working here:

· PEOPLE before projects 

· Strive for EXCELLENCE 

· FIDUCIARY responsibility is a sacred trust 

· INTEGRITY always 

· BLESSED to be a blessing 

· Industrial real estate is a TEAM SPORT 

· NO is not an answer

Terms/Expected Hours of Work

  • 40 hours per week during standard business hours Monday through Friday 8:00-5:00
  • CapRock values its employees and its culture. We foster team mentality by working closely and collaborating across departments. It is through our in-person workplace and culture that we can effectively collaborate and have continued success. For this reason, our expectation is for employees to work from a CapRock office five days a week, except in limited circumstances permitted by CapRock Policy

What We Offer:

· Highly competitive base salary

· Annual discretionary bonus based on the overall success of the company and your individual contributions

· An Impressive, 100% employer-paid medical PPO, dental, and vision coverage 

· 15 days PTO,

· 10 paid holidays

· A fun, collaborative, and team-based environment

· Quarterly birthday lunches and other department and company-wide team bonding events 

· An abundance of snacks, fruit, coffee, and tea all day every day!

About CapRock Partners

CapRock is one of the leading industrial investors and developers in the Western United States. We specialize in acquiring middle market value-add industrial properties, generally between $20M-$50M per acquisition and large-scale Class A logistics developments in California, Arizona, Texas, and Nevada. Since 2009, we have acquired, developed, or have in our pipeline more than 30,000,000 square feet of industrial.

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