Prime Group Holdings, LLC, a vertically-integrated private equity real estate firm focused on self storage and other alternative real estate asset classes, has an exciting opportunity for a Commercial Lease Manager for it’s Commercial Real Estate Department.
With $6.6 billion in assets under management, Prime Group is one of the largest private owners and operators of self storage properties in the world, owning and operating over 310 self storage assets in 28 states, three Canadian provinces and the U.S. Virgin Islands containing over 23 million rentable square feet. The firm manages three flagship funds on behalf of a global investor base, including the largest self storage dedicated fund ever raised, Prime Storage Fund III.
Headquartered in Saratoga Springs, NY, Prime Group has more than 700 employees. The firm has a regional office in Jupiter, FL and investment originations offices in Denver, CO, Hackensack, NJ, Yorktown, VA and Calgary, Alberta. Prime Group’s 21-person senior leadership team is supported by teams including sourcing and acquisitions, asset and portfolio management, compliance/legal, property management, information technology, transactions/financing, marketing, accounting and training, among others.
Prime Group’s success is built on a culture of respect, teamwork, business ethics, accountability and persistence. The company deeply values the strong relationships it has built with its customers, employees, investors and stakeholders. Pitchbook, a leading resource for comprehensive data, research and insights spanning the global capital markets, named Prime Group as one of the top 10 real estate value-add fund managers in Pitchbook’s 2023 Global Manager Performance Score League Tables.
Primary Responsibilities
- Manage the customer service/sales relationships with prospects and tenants
- Manage the commercial leasing activity for an assigned portfolio of Prime Storage assets that contain Commercial units.
- Draft, review, and revise various types of transactional agreements in connection with real estate management and leasing. Examples of documents would include lease abstracts, commercial retail leases, license agreements, estoppel certificates, letters of intent, settlement agreements, lease commencement agreements, telecommunications agreements and other real estate related transaction documents
- Review, markup and prepare redline responses to counter-offers made by prospective tenants and their legal counsel
- Proofread drafts of legal documents
- Facilitate and track routing and signature of various documents/forms/lease documents;
- File, fax, scan copy and distribute lease documents and other correspondence for execution and distribution
- Organize original lease documentation and maintenance of master lease files. Receive and set up all lease documents into corporate electronic file cabinet in accordance with system requirements; assist with abstracting lease agreements
- Lead follow up and prospect tracking in the Commercial Lease Management system
- Administer lease data and information accuracy in the Commercial Lease Management system
- Lead location General Managers, and EVP of Commercial Real Estate with all aspects of processing lease documents through lease execution
- Review and process all tenant chargebacks (such as utilities and taxes) and assist with year-end Operating Expense and Real Estate Tax true-ups
- Utilize, update, and manage all tools and resources available to manage workload, including checklists, databases, logs and/or other related reporting tools
- Collaborate with the Marketing department on website updates and listing updates on partner platforms
- Correspond with tenants regarding issues / inquiries
- Ensure tenant insurance requirements and HVAC Maintenance contracts are up to date
- Prepare and distribute rent commencement and rent increase letters
- Solicit contractor bids for tenant improvement projects, and unit turns and coordinate work performance with the selected contractor and the construction team.
- Work with other company departments, i.e., accounting, acquisitions, construction and dispositions as necessary
- Special Projects as assigned
Qualifications
- Bachelors preferred
- Real Estate experience preferred
- Real Estate license preferred
- Commercial Real Estate experience a plus
- Paralegal experience is a plus
- Advanced level of proficiency in Microsoft Office specifically Word, Outlook, and Excel
- Document drafting experience, including redlining, and comparison features
- Ability to handle a fast paced, deadline driven environment
- Ability to multi-task and prioritize assignments while delivering consistent, quality work
- High level of attention to detail and accuracy
- Ability to build strong internal and external relationships
- Possess a sales skillset with a focus on driving revenue
- Strong analytical and communication skills
- Team player but can work independently
Compensation
- Competitive rate of pay and a generous benefits program
- Dental, life, vision, short-term disability, and long-term disability insurance program
- Paid vacation time; paid sick time; paid holidays
EQUAL OPPORTUNITY EMPLOYER STATEMENT
Prime Group Holdings is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
Job Type: Full-time
Pay: From $70,000.00 per year
Work Location: In person
