CIRE Equity is an entrepreneurial, growth-oriented company focused on the creation and preservation of wealth through targeted investments in commercial real estate in the Western United States. We are passionate about real estate, dedicated to hard work, and strive for excellence in everything that we do. We value our employees and aim to create a fun, merit-based environment that encourages hard work, creative thinking, and high-quality performance. We foster persistent improvement, and we are seeking like-minded individuals who share our attention to detail and passion for excellence to join our growing team.
What Makes CIRE Special
At CIRE Equity, we want our employees to be successful, and we believe that a large part of success is aligned around our unique core values that form our cultural DNA.
PERSISTENT IMPROVEMENT
Relentless Cultivation of Our Potential
QUALITY PERFORMANCE
Executing Beyond Expectations
CREATE OPPORTUNITY
Innovative Thinking to Produce Value
AUTHENTIC COMMUNITY
Building Relationships Through Sincere Interactions
Beyond technical competencies, we hire team members with emotional intelligence and awareness because we believe that creating a safe space for open sharing and direct feedback leads to higher-functioning teams and resilience in overcoming challenges. We work hard and play harder, celebrating company success as a team.
Purpose of Position
Reporting to the Regional Manager, a successful candidate will be responsible for a portfolio of commercial properties in the OR, WA, NV & CA region. This individual will collaborate with the Asset Management and Accounting Departments and be relied on to closely monitor, maintain, and enhance the financial performance of each asset. The Property Manager is expected to engage in all aspects of property management including post-acquisition transition and on-boarding, vendor management, tenant management, insurance tracking, capital improvement oversight, implementation of value-add initiatives, and disposition transition and off-boarding. An ideal candidate will achieve results through strong leadership and effective management of others, be detail-oriented with good follow through, and will take initiative in our fast-paced, ever-changing environment.
Job Duties/ Responsibilities
Acquisition/On-Boarding/Disposition – assist the acquisition department and executive team in the acquisition, on-boarding, and disposition of assets. Tasks include, but are not limited to:
Aid Transaction Team in Due Diligence Process such as:
- On-site inspections
- PCA Review
- Collect estoppel certificates & SNDA’s
- Reviewing and where applicable, obtaining new vendor bids
- Engage/Cancel Vendor Services
- Budget Creation
- Property Book content
- Utility Audit
- Review Lease Abstracts
- Other miscellaneous tasks
Property Operations – oversee all aspects related to operation and performance of each asset. Tasks include, but are not limited to:
- Relationships with both vendors and tenants have proven critical – creating communication with both in each market is key
- Holding vendors accountable for service agreement scope, frequency and expectations of PM related to asset condition
- Competitively bidding out both CAM and CAPEX projects if over set thresholds as needed.
- Monitor uploading of and compliance status of new tenant & all active vendor COI’s
- Review and confirm responsibility and where applicable process tenant service requests
- Perform regular property site visits to ensure proper maintenance of assets
- Familiarity with BIDS, Associations & CC&R’s that dictate specific maintenance responsibilities or boundaries
Tenant Management & Credit/Default – proactively manage tenants including all credit issues and administer the resolution of all defaults within the portfolio. Tasks include, but are not limited to:
- Review updates to the rent roll for new leases and amendments
- Assist with CAM recs, as needed
- Turn over vacancies to new tenants and send tenant direction letters
- Ensure vacant conditions and report to AM and CM any changes to such
- Monitor and assist Legal team with processing of Tenant compliance issues
- Act as liaison for construction and Asset management related to Tenant Health, trends and conditions
Accounting/Financials – maintain a general understanding of the financial condition and performance of each property and proactively work with Asset Manager on any capital needs. Tasks include, but are not limited to:
- Work with Asset Manager to create annual operating budgets.
- Monitor and routinely report on variances to both CAM and CAPEX budgets
- Monthly rent roll and accrual verifications
- Oversight of vendor billing to ensure accuracy and clarity
- Weekly Invoice review and approval of all operational expenses
This is not intended to be an exhaustive list and additional duties may be assigned.
Reporting Structure
- Position reports directly to: Regional Property Manager
Vital Goals/Performance Measurements
- Maintain and enhance the value of assets under management through expense management and building tenant relationships.
- Exercise of strong leadership and supervisory skills in the management of contractors and property vendors.
- Professional appearance and interaction with tenants. Timely response to all tenant matters.
- Diligent and good follow through on assigned tasks.
Position Requirements
Position Competencies
- Possess a self-motivated, inquisitive, passionate, and humble mind set.
- Clear and effective communication skills, both verbal and written.
- Effective interpersonal skills and ability to handle with diplomacy and tact.
- Ability to solve problems and deal with a variety of variables in unique situations where only limited standardization exists.
- Detail oriented and able to maintain a high quality of work under pressure.
- Ability to read and interpret legal documents such as commercial leases, CC&R’s, listing agreements, management agreements, loan agreements and service contracts.
- Familiarity with real estate financial statements including profit and loss statements, balance sheets, cash flow statements, and variance reports.
- Proficient in commercial real estate concepts, specifically property management.
Work Experience Qualifications
- Bachelor's degree preferred.
- 4+ years of experience in commercial (retail, industrial, office) real estate property management. Minimum of 2 years in retail property management is required.
- Intermediate to advanced computer skills, including proficiency with MS Office Suite.
- MRI and Nexus experience is a plus.
Working Conditions
Environment
This position operates in a dual environment with time divided between office/desk work and field assignments. Work conditions vary based on daily responsibilities and may include exposure to construction sites, building mechanical systems, and outdoor weather conditions. This position requires travel to various asset locations. Employees are expected to comply with all applicable safety provisions as posted on-site or briefed by management. This includes the use of any required personal protective equipment (PPE) specific to each location.
Physical Requirements
This position requires both office-based administrative work and active fieldwork. Office duties involve extended period of sitting, computer use, typing and handling paperwork with occasional lifting, bending, and reaching. Field responsibilities require frequent walking during property inspections, prolonged standing, climbing stairs and ladders, and inspecting building systems including roofs, plumbing, electrical, and HVAC components. Incumbents must be able to navigate active constructions sites safely, take photographs in various positions and locations, and possess the mobility and stamina to transition between sedentary office work and physically demanding site assessments throughout the workday.