What are the responsibilities and job description for the Real Estate Portfolio Manager position at Basis Industrial?
Company Overview:
Basis Industrial is a vertically integrated real estate owner and operator formed by industry veterans and sponsors. It has deep roots in the self-storage and industrial sectors. The company's property management arm, BaySpace, oversees a diverse portfolio of properties.
Job Description:
- Portfolio Management: Oversee a diverse portfolio of properties, including industrial assets and commercial spaces. Develop and execute strategies to maximize occupancy rates, rental income, and property values.
- Team Leadership: Provide strong leadership to the property management team, including property managers, leasing agents, maintenance staff, and administrative personnel.
- Financial Management: Develop and manage property budgets, monitor revenue and expenses, and ensure financial goals are met or exceeded.
- Tenant Relations: Oversee tenant relations and customer service initiatives to maintain high tenant satisfaction levels.
- Lease Administration: Review and negotiate lease agreements, ensuring compliance with legal and company requirements.
- Property Maintenance: Ensure that all properties are well-maintained and meet required safety and quality standards.
- Compliance and Regulations: Stay abreast of local, state, and federal regulations affecting the properties and ensure compliance.
- Vendor Management: Manage relationships with external service providers, contractors, and suppliers.
- Asset Enhancement: Develop and implement strategies to enhance the value of the properties.
- Reporting and Analysis: Prepare regular performance reports for senior management and stakeholders.
- Risk Management: Identify and mitigate potential risks related to property management.
Qualifications:
- Education: Bachelor's or Master's degree in Business Administration, Real Estate Management, Finance, or a related field.
- Experience: Proven experience in property management, with at least 6-10 years of progressive management experience.
- Skills: Strong leadership and managerial skills, in-depth knowledge of property management practices, real estate laws, and regulations.
- Certifications: Professional certifications such as Certified Property Manager (CPM) or Real Property Administrator (RPA) are advantageous.
