Lease Analyst-Commercial Real Estate

Overview

Manage lease data, billing, and cost recovery for commercial properties.

Key Responsibilities

• mri
• salesforce
• lease management
• nnn recovery
• billing calculations
• tenant monitoring

Tasks

-Research and interpret lease language and provide information and guidance to property management, leasing, corporate finance, and other internal constituents as requested, including but not limited to contributions, recoverable expenses, pro-rata share calculations. -Utilize various data management/tracking tools to manage workload including MRI and Salesforce. -Maintain accurate and up-to-date lease information for a portfolio of properties. This includes information for new, amended, and renewal leases in MRI (system of record) including abstracting square footage, categories, and dates such as execution, commencement, and expiration dates, set up renewal options, and recurring charges ensure billings are posted correctly. In addition, complete peer review of lease profiles after entry. -Create NNN recovery pools for CAM, TAX, and INS expenses, calculate new annual estimates and calculate year-end reconciliations along with billings to certain tenants based upon the timing of invoice payment such as real estate tax bill cycle. -Review and approve tenant allowance requests based upon lease requirements and ensure tenant has fulfilled requirement. -Monitor tenant openings, closings, and deliveries by working with property management and tenant coordination to determine appropriate dates to bill rent, recoveries, and other charges and to review for potential co-tenancy provisions. -Review findings from tenant audits of year-end reconciliations, negotiate and calculate adjustments and maintain positive relationships with tenant representatives. Upon resolution, coordinate with accounts receivable team to interpret tenants’ ledgers, statements, and payment history. -Calculate other methods of tenant billings including Overage Rent, Alternate Rent, Utilities and Direct Reimbursements

Requirements

• word
• excel
• bachelor’s
• lease interpretation
• analytical
• multi-tasking

What You Bring

-Ability to multi-task and prioritize assignments while delivering consistent, quality work. -Advanced level of proficiency in Word, Outlook and Excel. -Bachelor’s degree (B.A. / B.S.) from a four-year college or university preferable; or one to two years of related experience and/or training; or equivalent combination of education and experience. -Ability to handle a fast paced, deadline-driven environment. -Strong analytical and communication skills -Requires 1- 2 years of Lease Interpretation experience, such as a Lease Analyst or Lease Administrator.

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About Kite Realty Group

-Grocery-anchored neighborhood and community centers are primarily located in high-growth Sun Belt and strategic gateway markets. -The company integrates acquisition, development, redevelopment, and operations under one roof to continuously enhance portfolio value. -Typical initiatives include the redevelopment of existing retail assets, the construction of new mixed-use centers, and coordinating with tenants strategically. -A skilled leadership team with extensive experience across various disciplines drives the company's operations, including leasing, construction, property management, capital markets, and legal affairs.

Sector Specialisms