What are the responsibilities and job description for the Luxury Commercial Property Manager position at Elanden Advisors?
About the Role
We are seeking a seasoned Senior Property Manager to oversee our luxury office assets and drive financial performance. This role will be responsible for maximizing asset value, developing strategic management plans, and monitoring market trends.
Key responsibilities include:
- Overseeing day-to-day operations and financial performance of luxury office assets
- Developing and implementing strategic management plans to enhance property value
- Monitoring market trends to identify opportunities for asset improvements, acquisitions, or dispositions
Financial Performance & Investment Oversight
This role requires strong financial acumen, including budgeting, forecasting, and investment analysis. Key responsibilities include:
- Preparing and analyzing financial reports, cash flow projections, and operating budgets
- Conducting financial modeling and valuations to assess investment performance
- Implementing strategies to maximize NOI (Net Operating Income) and increase overall asset profitability
Tenant & Lease Management
The ideal candidate will have expertise in real estate software and asset management tools. Key responsibilities include:
- Overseeing leasing activities, including negotiating lease terms and managing tenant relationships
- Working closely with property managers to maintain high occupancy rates and resolve tenant concerns
- Developing and executing leasing strategies to attract and retain high-quality tenants
Operations & Capital Projects
This role requires excellent communication and negotiation skills for tenant and stakeholder relations. Key responsibilities include:
- Ensuring properties are maintained to luxury standards, upholding the firm's reputation
- Overseeing capital improvement projects, including budgeting, execution, and project management
- Implementing cost-control measures to improve operational efficiency
Risk Management & Compliance
The ideal candidate will have a strong background in luxury commercial property management or asset management. Key responsibilities include:
- Identifying and mitigating risks related to asset management, market conditions, and operations
- Ensuring compliance with local, state, and federal real estate regulations
- Developing and implementing risk management protocols to protect asset value
Stakeholder & Investor Relations
This role requires strong leadership and collaboration skills. Key responsibilities include:
- Communicating regularly with investors, lenders, and executive leadership on asset performance
- Preparing detailed management reports and presentations for stakeholders
- Cultivating strong relationships with brokers, vendors, and industry professionals
Qualifications & Experience
We are seeking a highly qualified candidate with a Bachelor's degree in Real Estate, Finance, Business Administration, or a related field. The ideal candidate will have 5 years of experience in luxury commercial property management or asset management. Yardi experience is required.