Real Estate Portfolio Manager

Join a strong community where all we do is care-for the children and families we serve every day, as well as for our dedicated team members. Our people are our best asset. We listen and we know what you're looking for:

• You want benefits. We support you with a minimum 50% childcare discount, immediate access to benefits, innovative health programs, 401(k) company match, and much more.
• You want balance. We offer flexible schedules that work for you, no nights or weekends, the ability to bring your children to work with you, and paid time off.
• You want opportunity. We invest in your future with ongoing training, tuition reimbursement, credential assistance, and our unique Master Teacher Program.
• You want recognition. We provide a positive, fun workplace where employees are appreciated.

The Real Estate Portfolio Manager will oversee approximately one-third ( /- 350 locations) of the Company’s real estate portfolio, the majority of which is leased.  This individual will work closely with other departments (both at headquarters and in field operations), third-party consultants and the Company’s landlords toward achieving the strategic goals for the portfolio.  This person will also be responsible for the preparation, maintenance, completion, and distribution of various reports.

Essential Functions/Job Duties & Responsibilities:

• Negotiate lease renewal/extension or lease termination terms, including amount to be paid, length/timing, tenant improvement allowances, critical lease clauses and/or landlord work, etc.  Research in connection therewith includes analyzing/determining the area market rents, nearby vacancy rates, positioning of the property’s location and its nearby competition, local demographics, economic information, etc.  Present deals to C-level Real Estate Committee.
• Prepare and/or review leases, lease amendments, renewal option exercises, letter agreements, notices, purchase, and sale agreements (PSAs), confidentiality and non-disclosure agreements (CNDAs), subordination, non-disturbance, and attornment agreements (SNDAs), estoppel certificates, legal descriptions, zoning restrictions, reciprocal easement agreements (REAs), surveys, planned unit developments (PUDs), title reports and declarations of covenants, conditions, and restrictions (CCRs), etc.
• Continual monitoring of critical dates, providing advance notice to management of upcoming decisions which need to be made and recommending appropriate action(s).
• Timely review and authorization for payment landlord billings for rent (including CPI-based calculations), CAM, insurance, and real estate taxes.  Forensically review amounts previously or currently being paid to landlords to identify possible errors or irregularities.
• Preparation of reports for and participation in periodic property/portfolio reviews, which can require detailed market research.
• Initiate and lead meetings with Operations to discuss strategy around existing schools for extension of term, merge on closure.
• Partner with Facilities team in obtaining Landlord approval for school construction projects & any other landlord approvals or action that would need to be taken to resolve a Facility issue.
• Research of and compliance maintenance with key lease provisions.
• Liaison with the Company’s landlords, handling virtually all incoming and outgoing correspondence, including the coordination of site inspections by landlords, lenders, and their agents; maintaining/enhancing relationship with landlords is critical.
• Plan, coordinate and manage the school closing and surrender process.
• Review opportunities for sale or sublease of surplus, underutilized or non-strategic assets, and where applicable, provide information to the Company’s brokers in this regard.
• Provide information to the Company’s consultants for the appeal of assessed values to minimize real property tax expense.
• Ability to troubleshoot. 
• Initiates and promotes continual process improvements within the real estate department.
• Periodically will need to travel to corporate headquarters for meetings.

Education:

Bachelor’s degree in real estate or accounting, Finance, Business or Paralegal studies.

Experience: 

• Minimum 5 years of experience in the asset management/lease administration/real estate development for organizations with many locations.

Skills & Abilities (i.e., technical, organizations, knowledge, etc.):

• Excellent customer service and follow-up skills with both internal and external customers.
• Capable of working with frequent interruptions and changing priorities.
• Effective communication skills, written, verbal and interpersonal.
• Proficient time management, organizational skills, and ability to meet established deadlines.
• Must be able to perform, with or without reasonable accommodation, all essential functions of the job.
• Working knowledge of lease administration databases/programs. Lucernex experience a plus.
• Experience working with CoStar and analytic software.
• Proficient in Microsoft Word, Excel, and Outlook.
• Detail-oriented when drafting LOIs, lease amendments, letter agreements and similar documents. 
• Comfortable presenting and partnering with all levels of management.
• Ability to handle conflict with and complaints from landlords and field operations.
• Demonstrated data analysis, conceptual and problem-solving skills.
• Understanding and interpretation of location P&L statements.
• Familiarity with basic property maintenance, repair and construction terms, standards, and protocol. 
• Resourceful negotiator (persistent to follow through/keep at it until favorable results are achieved).
• Successfully handle large volume of daily activity while maintaining quality.
• Previous understanding of troubleshooting in a property management environment a plus.

Travel Percentage:

Less than 5% expected travel including overnight stays.

Learning Care Group is an equal opportunity employer and will not discriminate against an employee or applicant based on race, color, religion, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity, gender expression, marital status or any other protected status under federal, state, or local law.