Urstadt Biddle Properties, a successful NYSE-listed REIT founded in 1969, which owns and manages over 80 properties (primarily grocery-anchored shopping centers) comprising 5.5 million square feet in the New York City suburbs, is seeking to expand its property management department by adding an AVP, Director of Property Management.
Who we are looking for:
You are a self-motivated, energetic, proactive individual with significant retail or mixed-use property and asset management experience and strong financial aptitude, and you will be comfortable acting as the management department’s primary asset manager. You will work closely with the head of the construction and management department and the AVP of operations to help us continue to grow and efficiently manage our properties.
Your duties will include the following:
Facilitate our regional property managers and supervise our property coordinators and utility administrators.
Work with the management and finance departments to create detailed annual individual property operating and capital budgets, which requires understanding the source of every line item expense.
Monitor quarterly each property’s performance and analyze and address anomalies.
Think creatively about ways to run our properties more efficiently.
Consider how to generate additional property revenue.
Work with the department head and others to identify and implement energy-saving solutions.
Work with the AVP of operations to negotiate service contracts to obtain value.
Ensure maximum billing efficiency in terms of utilities and other tenant billings (i.e., to ensure that our tenants are being correctly billed and that we are not incorrectly absorbing costs).
Assist generally with tenant and municipal relations.
Assist with construction overflow, including cost estimating.
What we offer:
Full-time employment; competitive salary commensurate with experience; eligible for bonus and restricted stock grants; benefits include health insurance, dental insurance, 401(k) with a partial company match, paid vacation days and other benefits.
No overnight travel; our properties are all within 90 minutes’ driving distance from our HQ.
Please submit via e-mail to Joanne Phillips (JPhillips@ubproperties.com) your resumé, salary requirements and a cover letter explaining why you are the right candidate for this position.
*Direct applicants only; unsolicited submissions by recruiters will not be accepted
**Urstadt Biddle Properties Inc. provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by applicable law.
Your desired skills and qualifications:
Bachelor’s degree in Real Estate, Finance, Economics or other related field.
7+ years property management experience preferably focused on shopping centers or mixed-use properties.
Experience in financial modeling, comfortable with Microsoft Excel with and understanding of basic finance concepts such as NOI, cash flow, CAM and real estate tax allocations.
Familiarity with Yardi property management software a plus.
Comfortable reading and understanding economic clauses of commercial leases.
Experience in construction.
Proven ability to develop and manage budgets.
Proven ability to multitask and problem solve.
Proactive, goal-oriented, problem solver, with pride of work.
Positive team player who can work with and mentor people ranging from financial staff to field personnel and vendors.