Property Manager

Overview:

Ready to take your property management experience to the next level?

Brennan Investment Group is seeking an experienced Property Manager to join our growing team! If you're a proactive, relationship-driven professional with a strong background in commercial real estate property management, we want to hear from you. Experience managing industrial properties is a plus, but we’re also open to candidates with a strong office or other commercial real estate background.

The Property Manager supports the Operations function of the Single Tenant Net Lease (STNL) division of Brennan Investment Group, a privately held industrial real estate investment firm that acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. This role is an exciting opportunity to oversee a national portfolio of single-tenant, net-leased industrial properties while playing a key role in driving asset performance and tenant satisfaction.

As the primary day-to-day contact for tenants, the Property Manager will oversee property operations, lease administration, financial performance, maintenance, and capital projects across assigned assets. This position will also partner closely with Portfolio Managers on lease renewals, strategic initiatives, and portfolio optimization efforts.

About Brennan Investment Group

Brennan Investment Group is a privately held industrial real estate investment firm that acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.

Location: Rosemont, IL — Onsite

Hours: Monday–Friday, 8:30 AM–5:00 PM

Why BIG?

• High-spirited, positive, and welcoming culture
• Collaborative, team-oriented environment
• Modern office space in a Class-A office building
• Casual dress code and laid-back work environment
• Company events, happy hours, team outings, and more
• Competitive benefits package

Responsibilities:

• Be a Good Partner.
• Take full accountability and front line operational responsibility for an assigned portfolio of STNL properties.
• Manage assigned assets with adherence to Brennan’s Operating Principles and in accordance with Brennan’s national operating Policies and Procedures.
• Property Management:

-- As Landlord, administer and enforce all lease contracts with tenants.

-- Ensure tenant compliance with lease maintenance, repair and replacement obligations, insurance requirements, and applicable use regulations.

-- Directly oversee third-party property managers (if any), facilities engineers, security services, and other vendors as necessary.

-- Manage onboarding new tenants and retaking of spaces upon expiration or eviction/surrender, including coordination of all aspects of property and facility management.

-- Primary contact for all matters that may arise as a result of BIG’s ownership of the property.

• Collections: Primarily responsible for monthly rent and additional rent/ad hoc collections from tenants.
• Operating Expenses: Primarily responsible for ensuring timely payment of real estate taxes, insurance and other operating expenses. Shall ensure that each assigned property has a tax appeals consultant.
• Capital Expenditures: Ensure that tenants address any deferred maintenance / immediate repair items on a timely basis in accordance with lease and loan requirements. Maintain up to date records of each asset’s physical conditions to ensure that necessary replacements are made via lease enforcement. Regularly visit assigned properties to ensure tenants are maintaining the properties in good condition and repair.
• Servicing: Communicate timely and effectively with tenants, lenders and partners including coordination of rent and lease notices, reserve draw requests, compliance with insurance requirements, tax escrows, leasing, capital projects and other approvals.
• Tenant Credit Analysis: Gather, chart in Excel and help analyze quarterly/annual tenant financials. Regularly visit properties to observe and gather and report information about tenant operational health, including potential opportunities for new business.
• Assist in the preparation for and leasing of vacant spaces including coordination with contractors and 3rd party leasing teams.
• Assist Accounting and Senior Management in the preparation and review of annual budgets, monthly/quarterly reports, rent rolls and billing adjustments, operating statements, JV/lender reporting, and capital expenditures.

Qualifications:

Education & Experience

• Bachelor’s degree, major in Real Estate, Finance, Business, Economics, Construction Management, or a related field preferred.
• 3-7 years of experience in commercial real estate property management, construction management, real estate finance, engineering or related field, with a strong preference for prior experience managing commercial or industrial properties.
• Good knowledge of commercial and industrial building systems and major components.
• Experience managing institutional or private equity real estate portfolios.

Technical Skills

• Microsoft Excel, Word, and Outlook proficiency.
• Good understanding of commercial/industrial lease structures, operating income statements, and capital planning.
• Familiarity with property accounting systems (preferably MRI) and other information/reporting systems (e.g. Power BI) preferred.

Core Competencies

• Excellent interpersonal, organizational detail, and time management skills.
• Strong written and analytical skills.
• High degree of ownership, accountability, and attention to detail in stewardship of properties.
• Team player with a collaborative and solutions-oriented mindset and the ability to influence internal and external stakeholders.
• Ability to travel (with expected travel between 10-20% and including some overnight travel) to maintain command of multiple assets and priorities.
• Valid driver’s license and good driving record.

*The above salary range reflects the anticipated salary for the amount and level of experience expected for this role. Ultimately, in determining your pay, we will also consider your amount and level of relevant experience, and other job-related factors, that may differ from the expected salary range.