General Manager

Job Description

Job Description

Who We Are :

Vestar is a nationally recognized leader in the acquisition, management, leasing and development of retail real estate with a significant market share in the Western US. Vestar has over 30 million square feet currently under operation and management and has been acknowledged by both institutional and private-client investors as an industry leader.

Since its inception in 1989, Vestar has become synonymous with integrity and responsibility. As one of the leading privately held real estate companies in the western United States, Vestar acquires, develops and manages retail and entertainment destinations of varying size and scale that serve as destinations and community focal points.

Summary / Objective :

The position of General Manager is to provide the direct supervision of the physical asset and the staff required to facilitate the operation of those assets managed by Vestar. Their supervision includes the monitoring of both the physical and financial aspects of the property. The General Manager position is an on site position with an office located at the asset.

Essential Functions :

• Direct supervision and training of office support staff, including Assistant Property Manager and Administrative Assistants;
• The preparation of annual budgets (Please see annual budget instruction section);
• Enforcement of project leases and other governing documents (CC&R’s, REA’s, OEA’s, etc.;
• Ensuring landlord compliance to all governmental and non-governmental laws which effect the property;
• Invoicing and collection for all charges outlined under the leases or other property documents which govern the property;
• Informing ownership of occurrences, which may affect the property and influence, the owner’s decision-making process (i.e. : new projects in the trade area, road closures, tenant bankruptcies, etc.);
• Negotiating and document, with the direct approval of the Vice President, all lease renewals, and if applicable new leases;
• Prepare / Review annual Common Area Maintenance Reconciliation’s;
• Recommend and prepare bids for ownership review on capital projects;
• Supervise property Merchants Association and Marketing if required;
• Supervise Specialty Leasing program if required;
• Ensure that tenants issues and concerns are being responded to in a timely manner;
• Completion of monthly cash flow forecasts and operating reports;
• Collection of rents and other charges;
• Compliance by tenants to lease requirements;
• Regular property inspections;
• Ensuring that vacant suites are in lease ready condition
• Coordination of Tenant move-in and move-out.
• Collection of tenant gross sales information;

Competencies :

Supervisory Responsibility (if applicable)

Will directly supervise assistant property manager and other staff on site.

Required Education and Experience

4 year College Degree

5-8 years’ Experience of Commercial / Retail Property Management

Position Type / Expected Hours of Work

This is a full-time position, and hours of work and days are Monday through Friday, 8 : 00 a.m. to 5 p.m. Occasional evening and weekend work may be required as job duties demand.

Vestar is an equal opportunity employer. We celebrate diversity in our workplace and we hire the most qualified candidates without regard for age, ethnicity, gender, gender identity or expression, language differences, nationality or national origin, family or marital status, physical, mental, and developmental abilities (or the perception of a disability), genetic information, race, religion or belief, sexual orientation, skin color, social or economic class, education, work and behavioral styles, political affiliation, military service, caste, or any other characteristic protected by law.

Eligibility : Applicants must have valid work authorization that does not now and / or will not in the future require sponsorship of a Visa for employment authorization in the U.S. by Vestar.