Retail Asset Manager

With over 30 years of experience in the acquisition, development, rehabilitation, and management of apartment communities across the Western United States, we are a trusted partner in the property management industry. At MG Properties, we focus on enriching lives - physically in our community buildings, philanthropically through giving back to our local communities, and through development and growth of our employees.

With over 30 years of experience in the acquisition, development, rehabilitation, and management of apartment communities across the Western United States, we are a trusted partner in the property management industry. At MG Properties, we focus on enriching lives - physically in our community buildings, financially for our investors, and philanthropically through giving back to our local communities.

We are seeking a Retail Asset Manager to lead the financial performance and business planning of MG's growing mixed use multifamily/commercial/retail portfolio. The Retail Asset Manager will work with Executive Leadership, Multifamily Asset Management, Investments, Leasing, Property Management, Construction, and Finance/Accounting.

Essential Responsibilities

• Participate in the annual property budgeting process.
• Participate in the business plan preparation, due diligence, financial analysis, creation of stabilization budgets, and cash flow forecasts of potential mixed-use acquisitions.
• Manage and oversee listing brokers, attorneys, and tenant improvement project managers.
• Manage negotiations of letters of intent, leases, renewals, and terminations while maintaining strong tenant relationships, ensuring lease compliance, and while considering local market conditions.
• Track and report on portfolio operating results to identify trends and opportunities to enhance value.
• Prepare presentations and reports to ownership and partners/investors, as needed.
• Track market conditions and performance in relation to current portfolio performance.

Qualifications

• Bachelor's degree in business, finance, real estate, accounting, or related discipline. Advanced degree preferred.
• Minimum 5-7 years of direct experience in commercial asset management, space marketing, LOI and lease negotiations and administration, with emphasis on retail properties.
• Financial analysis and/or accounting experience.
• Demonstrated ability to analyze quantitative information.
• Ability to create and work within existing sophisticated Excel-based reports/spreadsheets.
• Proficiency in Yardi property management software or equivalent.

Compensation and Benefits

• $120,000- $150,000/annual DOE
• 12% Bonus potential
• Company profit sharing
• Accrues 10 days Paid time off per year
• 10 Paid Holidays and 2 Paid Personal Days per year
• 40Hours of Paid Sick Time
• 401K with employer match
• Medical, Dental, Vision, Employee Assistance Program
• Life Insurance
• Flexible Spending Account, Dependent Care Spending Account

(This Role is a Hybrid position based out of our San Diego, CA office located in Sorrento Valley)

California pay range

$120,000-$150,000 USD

MG Properties is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We are a drug-free workplace, participate in E-Verify, and are an at-will employer.

If identified for a position, you will be asked to submit to a background check and drug-screen.