Job Abstract

Job ID

2024-1753

# of Openings

1

Category

Property Management

Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country's best markets. We believe we are one of the most innovative and dynamic real estate companies you can work for. Interested candidates who research Federal Realty hear a lot about the high quality shopping centers and the well-respected real estate team at our core, it's the smaller intangible things that can make working at Federal so satisfying. You see, while we're one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our shopping centers, we're really a very small company by most standards and we try to operate that way. That means that team members with initiative and ability can get involved in many facets of our business over the years. I encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust.

Federal Realty is sourcing for an experienced Property Manager to be in our Tysons, Virginia regional office who will manage the operations for a portfolio of properties that consists of the Fairfax Junction, Pike 7, Tysons Station, Idylwood, Graham Park Plaza and Chesterbrook properties. The ideal candidate will have the opportunity to utilize their experience to implement new and existing policies/procedures, set up controls and best practices within their assigned portfolio. The Property Manager will partner with the financial and strategic directors of the region to be able to enhance the portfolio’s value creation. The candidate must have past retail property management experience that will enable them to be influential in the areas of operations, tenant relations, security, procurement, contract management and risk management to achieve maximum productivity and profitability while maintaining the highest level of corporate standards. This person will have the highest level of personal integrity, intelligence, and broad thinking characteristics to succeed.

• Develop and review annual property operating budgets, monitor all purchases and expenses to ensure cost effectiveness and compliance with budget parameters, prepare monthly variance reports and quarterly budget reforecast reports
• Create and maintain operational standards and procedures
• Create and implement a portfolio procurement program with effective contract management
• Develop and maintain positive tenant relations. Obtain tenant intel on sales and market comps
• Manage all controllable expenses within budget without compromising the portfolio’s operational integrity
• Develop and implement proactive strategies to resolve property operational and compliance-related challenges within the portfolio
• Perform regular site inspections to assess physical property condition, compliance and overall administration
• Create and maintain long range capital improvements plans
• Determine job specifications and competitively bid all large maintenance projects and service agreements
• Submit all routine reports including activity reports, variance reports, property inspections, roof inspections and lighting reports in a timely manner
• Work cooperatively with Project Managers in Tenant Coordination and Development to expedite the completion of Landlord work, delivery of spaces to tenants and the opening of tenants for business
• Perform AR management via phone contacts, in person meetings and collections. Review and report status
• Responsible for processing all payables associated with assigned portfolio in a timely manner
• Oversee service providers responsible for the day-to-day operational needs of the shopping center including repair and maintenance, landscaping, housekeeping, waste removal, etc., ensuring that property standards are maintained
• Understand the significant issues affecting a property's performance. Implement programs or make recommendations to correct problems and enhance positive aspects of each property

• Must have a minimum of 4 - 7 years’ prior experience managing retail shopping centers
• Bachelor's Degree preferred
• Excellent computer skills with proficiency in MS Office software
• Demonstrated experience budgeting, monitoring expenses, preparing monthly management and financial reports, and processing accounts payable
• Previous direct responsibility for negotiating and monitoring maintenance projects and service contracts
• Excellent communication skills and customer focus
• Well organized with excellent time management skills
• Demonstrated ability to apply principles of logical thinking to define problems, collect pertinent data, establish facts, draw valid conclusions and initiate appropriate course of action

Federal Realty Investment Trust is an Equal Opportunity / Affirmative Action employer. Federal values a diverse workforce and is committed to providing equal employment and advancement opportunities to all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetics, sexual orientation, or protected Veteran status.

Federal Realty Investment Trust does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Federal Realty Investment Trust and Federal Realty Investment Trust will not be obligated to pay a placement fee.

If you are unable to submit your application online, please call 301-998-8100.