The Manager will support the Vice President of Property Operations and Senior Vice President of Asset Management in overseeing the Cypress Office Properties portfolio as well as interface with equity partners and serve as the lead with third party property managers.
Reporting & Capital:
Prepare monthly and quarterly reports to provide to management and investors
Prepare Asset Management Reports and review with VP of Property Operations for distribution
Work with the VP of Construction, Loan Administrator, VP of Leasing and property managers to help coordinate upcoming cash needs, available loan funds, and cash sources
Work with equity partners and the Loan Administrator to facilitate capital calls and manage other funding needs
Review, oversee, and facilitate preparation of budgets, business plans, and CAM reconciliations; work with VP of Property Operations to finalize
Review monthly property financials
Check AR and work with managers to clear delinquencies
Review Budget Comparison monthly for all properties
Maximize operating efficiencies, identify material variances from the budget and consult to the VP of Property Operations, spot problem items and meaningful/significant trends; identify accounting errors and work with Property Management and Property Accounting to resolve
Review each property’s books in detail quarterly
Review and approve executive summaries prepared by property managers
Property Management & Construction:
Conduct periodic property inspections with management team
Work closely with property managers, construction manager, leasing agents, accountants, and management team to ensure efficient and safe operation of portfolio properties
Oversee light TIs and small site construction projects
Review scopes of work and bids for vendor selection
Work directly with legal to protect portfolio, reduce risk, and draft proper notifications.
Analyze and implement sustainability initiatives
Attend industry training and networking functions
Candidate must have a minimum of four years of experience in the commercial real estate industry
Experience in property management/leasing/development/acquisitions desirable
Communication and leadership skills
Ability to work both independently and as a part of a team
Proficient in Microsoft Office (Excel, Word, Outlook, Power Point)
Bachelor’s degree required
Additional Salary Information: Employee-paid Benefits, vacation and 401k program available.
About Cypress Office Properties
Cypress Office Properties, LLC (“Cypress”) is a San Diego-based real estate investment and operating company that specializes in acquisitions and asset management of value-add, core plus, and redevelopment office properties in key markets within the Southwest United States. The company’s primary geographic focus is Southern California, Denver and Phoenix.
As a sponsor/operating partner, Cypress seeks joint venture relationships with capital partners that are pursuing value-add and core plus investments and returns.
Since its founding in 2009, Cypress has become a qualified and proven investor within these markets – well positioned to identify, purchase and operate office properties that meet its strategic investment criteria.
The Cypress team is dedicated to cultivating strong relationships, delivering outstanding performance and results, and giving back to our community.
CYPRESS OFFICE PROPERTIES, LLC · 10089 WILLOW CREEK ROAD, SUITE 230 · SAN DIEGO · CA · 92131 · P (858) 831-9240