Real Estate Manager

Job Title

Property Management

Job Summary

Anticipated hiring range is between $105,264 - $129,984 depending on qualifications. Under the direction of the Sr. Director, NWSA Real Estate, this position is primarily responsible for implementing aspects of leasing, lease development and property/lease management of Alliance properties that are necessary to the success of the Northwest Seaport Alliance ("NWSA" or "Alliance"). This is a property management position including leasing, lease development, and management of Alliance properties. This position will have responsibilities in both the North Harbor (Seattle) and the South Harbor (Tacoma).

Primary Functions

• Act as central point of contact for assigned properties, tenants, and customers throughout the term of the lease. This includes initial contact, lease negotiations, tenant financial analysis, and the development and drafting of final lease documents and other related documents (e.g., licenses, hold harmless, and use agreements).
• Serve as point of contact for tenant and customer concerns and questions with the ability to address basic term lease questions and other property management issues. Collaborate with internal resources (e.g., legal, finance, real estate, accounting, project management, environmental, and engineering) in order to pursue business opportunities and to maximize asset utilization to create value, revenue, and profit. Assist in maximizing net operating income by managing expenses, negotiating agreements that include the appropriate allocation of responsibility (NWSA v. tenant) for facility and equipment maintenance, and developing cost containment/reduction strategy recommendations. Develop and manage annual lease revenue and expense budgets and long-range forecasts in coordination with the Finance department. Analyze and evaluate property appraisals and reports.
• Manage existing assigned Alliance properties on an ongoing basis. Facilitate discussions with stakeholders (tenants, staff, public, and governmental agencies) to resolve issues and to retain existing tenant base. Oversee Tenant Improvement Projects and/or Port construction projects by acting as a project manager when assigned. Responsible for interpreting lease provisions including those relating to maintenance/repair responsibility and work as a liaison between tenants and homeport maintenance to resolve disputes. Meet and communicate regularly with Alliance staff to ensure all rents are current, billing disputes, and late payments are handled per policy. Ensure default notices and unlawful detainer notices are processed when necessary.
• Work with the Sr. Director, NWSA Real Estate, to make Commission presentations for new leases, lease renewals, or lease amendments. Collaborate with Public Affairs staff on special events, public inquiries, and concerns related to assigned portfolio.
• Under the direction of the Sr. Director, NWSA Real Estate, work with local City and County staff on property agreements, including street vacations, utility easements, and street use agreements.
• Attend regular meetings with Business Development, Operations, and Environmental staff to share information, streamline processes, resolve tenant issues, and coordinate communications and reduce impacts to terminal operators or tenants.

Required Education & Experience

Bachelor's degree in business, real estate, or a related field required. An additional four (4) years of relevant experience may substitute for a bachelor's degree. Five (5) years of experience in commercial or industrial real estate leasing and property management or commercial real estate development is required. Experience involving Real Estate transactional experience related to the maritime business is preferred.

Requires a valid driver's license and acceptable driving record, to operate Port/NWSA vehicles, travel between work sites, attend off-site meetings and/or events, and perform essential job functions.

Additional Requirements

Has working knowledge of the local and national commercial/industrial real estate market. Knowledge of current real estate market values and key metrics and ability to incorporate industry trends into recommendations for business plans, property offerings and lease negotiations. Good understanding of real estate principles and concepts and basic knowledge of Real Estate Law as it pertains to leases, easements, licenses, property acquisition (purchase, sales, and exchanges) and related use agreements. Knowledge of Port Real Estate Policies and Procedures is preferred. Ability to work independently using critical thinking and problem-solving skills recognizing when to seek Director, legal and other departmental assistance. Ability to interact with customers and staff at all levels of an organization. Basic negotiation and financial analysis skills. Good communication and presentation skills. Proficiency in computer software programs including word, spreadsheet, presentation software. Ability to implement and negotiate multiple leases and/or projects concurrently and work effectively, courteously in high pressure situations related to simultaneous deadlines. Ability to read and understand construction drawings, Kroll Maps, site plans and legal descriptions required. Working knowledge of building mechanical systems (HVAC, electrical, elevators, roofing systems, fire, and plumbing). Ethical and recognized as having integrity.

Organizational Values

This individual must demonstrate a caring customer service attitude, a strong commitment to operational excellence, and dedication to the organization's core values: Service Excellence and Partnership; Boldness, Innovation and Adaptability; Environmental Leadership; Fiscal Responsibility; Asset Management; and Health and Safety.

NWSA seeks candidates who will embrace and model these values both internally and externally, and who understand what it means to carry out these values in their everyday work. We value individuals who also bring an impeccable work ethic, honesty, and integrity, and who consistently exhibit enthusiasm, energy, and a drive to succeed. In accordance with the Immigration Control and Reform Act of 1986, all persons offered employment must provide acceptable proof of identity and authorization to work in the United States. Proof will be required prior to employment. The successful candidate must possess (or obtain within 30 days of employment) a valid driver's license. Candidate must be able to successfully complete a background investigation. Candidate must also be able to obtain/maintain a Transportation Worker Identification Credential (TWIC), which is a program managed by the Department of Homeland Security (DHS). Information on this program can be viewed here.

THE NORTHWEST SEAPORT ALLIANCE IS COMMITTED TO PROVIDING A WORKPLACE THAT IS FREE FROM ILLEGAL DISCRIMINATION AND HARASSMENT. WE ADHERE TO ALL APPLICABLE STATE AND FEDERAL ANTI-DISCRIMINATION LAWS.

Benefits

As an employer of choice, the Northwest Seaport Alliance is proud to offer an excellent benefits package. This includes medical, prescription, vision and dental with no out-of-pocket premiums and full coverage for employee, spouse, and all eligible dependents. In addition, the NWSA also offers vacation, twelve paid holidays, sick leave, bereavement leave, paid parental leave, participation in the Washington State Public Employees' Retirement System (PERS) and a NWSA-funded Voluntary Employee Beneficiary Association (VEBA) account for out-of-pocket health related expenses for employees and their eligible dependents. The NWSA's benefits package is valued between 45%-55% of base salary.