Real Estate Analyst

Job Highlights :

Preferred Experience : Lease Administration or Property Management experience. Commercial Real Estate experience is a plus.

Job Summary :

Provides analysis and support for lease administration and reporting. Manage, monitor, and report monthly on the progress of lease terminations, rent commencements, rent increases, lease renewals, and lease options. Review and abstract leases.

Job Responsibilities and Requirements :

PRIMARY RESPONSIBILITIES

• Responsible for monitoring, tracking and reviewing operational expenses for optimal performance and comparison to benchmarked standards.
• Ensure and manage the quality and timeliness of transaction information to maintain and manage comprehensive property inventories and databases of SSM’s real estate portfolio. Coordinates Tenant Estoppels, Subordination, Non-Disturbance, and Attornment Agreements, Parking Agreements, Space Use Agreements, and Cell Tower Agreements.
• Enforce lease terms and lead in identifying, billing, and collecting supplemental and overdue charges in support of exceptional financial and client service goals. Facilitate closeout process of real estate transactions including utilities connections / disconnections, business licenses, rent payments, security deposits, etc.
• Manage tax exemption applications, collaborate with SSM Corporate Legal and SSM leaders for proactive resolution of all property matters. Ensures all landlord default claims are resolved within cure period and documents are properly recorded.
• Prepare transaction communication tools and packages for internal approval process. Provides support with documentation required to be used during the transaction management process, including new leases, renewals, purchases, sales, subleases, options, etc.
• Conduct audits of Year-End Common Area Maintenance (CAM), Insurance, and Real Estate Tax reconciliations. Act as the SSM liaison between Landlords, Tenants, Risk Management, Legal, Environmental Safety, Design and Construction, and other support functions.
• Prepare monthly Finance reports for all leases, space use agreements, service agreements, utilities, and parking agreements of all SSM owned or subleased properties.
• Manage rent rolls, coordinate tenant billings, rent collection, expense pass-through, and oversee miscellaneous tenant billings. Resolve payment discrepancies by sending out delinquent notices, if necessary, and tenant improvement allowance release letters.
• Review invoices in conjunction with lease requirements and ensure back-up documentation is in place and all calculations are correct. Field phone calls and emails regarding general real estate inquiries. Assist in lease administration activities, including tenant contacts and insurance information.
• Manage tax exemption applications and collaborates with municipal collectors of revenue to report changes in tax status for SSM owned properties
• Performs other duties as assigned.

EDUCATION

EXPERIENCE

PHYSICAL REQUIREMENTS

REQUIRED PROFESSIONAL LICENSE AND / OR CERTIFICATIONS