Wellington Management, Inc. is an established, privately held real estate management firm with more than 40 years of experience managing a diverse portfolio of 100+ commercial and residential properties across 24 communities in the Twin Cities metropolitan area.
We are seeking an experienced Commercial Property Manager & Leasing professional to join our team. This position will be responsible for the day-to-day management, financial performance, tenant relationships, and leasing activities for a diverse portfolio of retail, office, and industrial properties.
The ideal candidate is a hands-on, business-minded real estate professional who understands that successful property management requires strong financial oversight, excellent tenant and broker relationships, effective lease negotiation, and a commitment to maintaining well-run, high-quality properties.
Key Responsibilities:
Property & Tenant Management
- Manage a portfolio of commercial properties in a professional, ethical, and proactive manner, with a strong focus on protecting and enhancing property value.
- Conduct regular property inspections and oversee maintenance, repairs, capital improvements, and overall property condition.
- Develop and maintain strong relationships with tenants, vendors, brokers, contractors, and other business partners.
- Address tenant concerns and property issues promptly and professionally.
- Work independently while collaborating effectively with ownership, leadership, and internal team members.
Financial Management
- Oversee rent collection, accounts receivable, cash flow, and property-level financial performance.
- Prepare and manage annual operating budgets, forecasts, and cash-flow projections.
- Complete annual operating expense adjustments and reconciliations.
- Review and interpret property financial statements and operating results.
- Identify financial issues and opportunities and communicate recommendations to leadership.
- Analyze tenant financial information and perform financial analysis and underwriting to support leasing and investment decisions.
- Prepare financial recommendations and present proposed deals and lease terms to the leadership team.
Leasing & Business Development
- Manage all aspects of commercial leasing for retail, office, and industrial properties.
- Develop and maintain a strong network of commercial real estate brokers and industry contacts.
- Identify prospective tenants and leasing opportunities to maximize occupancy and property performance.
- Prepare and negotiate lease proposals, letters of intent, lease amendments, renewals, and other lease-related documentation.
- Prepare lease abstracts and maintain accurate lease information.
- Negotiate with prospective and existing tenants and outside brokers while seeking favorable terms for the properties.
- Track market conditions, rental rates, tenant demand, and commercial leasing trends.
- Attend relevant industry events and actively participate in the local commercial real estate community.
Vendor & Property Operations
- Solicit and evaluate bids and proposals from contractors and service providers.
- Select, negotiate with, and manage vendors to ensure competitive pricing, quality service, and timely completion of work.
- Monitor vendor performance and make changes when necessary.
- Ensure properties are professionally maintained, competitive within their respective markets, and operated in accordance with company standards.
Qualifications & Experience
The ideal candidate will have:
- 5-7+ years of commercial property management experience, preferably involving retail, office, and/or industrial properties, but will consider candidates with less experience.
- Demonstrated commercial and retail leasing experience.
- Strong understanding of commercial real estate financials, including budgeting, cash-flow planning, financial statements, and operating expense reconciliations.
- Proven lease and contract negotiation skills with the ability to achieve favorable outcomes.
- Strong written and verbal communication skills.
- Excellent interpersonal, relationship-building, and negotiation skills.
- Strong networking and business development capabilities.
- Ability to analyze financial information and make sound business recommendations.
- Strong organizational skills and the ability to prioritize multiple projects and deadlines.
- Ability to work independently while also being an effective team member.
- Proficiency with Microsoft Excel, Word, and Outlook.
- Yardi experience preferred, but not required.
- Bachelor’s degree in business, real estate, finance, or a related field preferred.
- Minnesota real estate license required.
- CPM, RPA, or other commercial real estate designation preferred.
- Valid driver's license and reliable transportation.
- Ability to successfully pass a background check.
Local Travel
This position requires occasional local business travel to visit properties, tenants, vendors, and project sites. Travel is generally within 45 minutes of the office.
Compensation & Benefits
Wellington Management offers a competitive salary of $70,000–$85,000, commensurate with experience, along with opportunities for performance-based bonuses and commission opportunities.
Our comprehensive benefits package includes:
- Medical, dental, and vision insurance
- 401(k) with employer contribution
- Health Savings Account (HSA)
- Life insurance
- Paid time off
- Professional development assistance
- Educational assistance
- Professional association membership and industry-related development opportunities
- Opportunities for continued career growth within an established real estate organization
Why Join Company Wellington Management?
At Wellington Management, you'll have the opportunity to play an important role in managing and growing a diverse commercial real estate portfolio while working with an experienced, close-knit team. We value professionalism, initiative, sound business judgment, and long-term relationships with our tenants, vendors, brokers, and employees.
If you are an experienced commercial real estate professional who enjoys both property management and leasing and is looking for a long-term opportunity with an established organization, we would like to hear from you.
Pay: $70,000.00 - $85,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Professional development assistance
- Tuition reimbursement
- Vision insurance
Work Location: In person
