Walnut Creek, California
Fairfax, Virginia
Posted: 26-Apr-23
Location: Dallas, Texas
Type: Full Time
Categories:
Salary Details:
Headquartered in Dallas Texas, NETSTREIT Corporation is a publicly traded real estate investment company that acquires, owns, and manages a diversified portfolio of single-tenant, net lease retail commercial real estate with high credit quality tenants across the United States. Our growth and diversification strategy focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector. This is an excellent opportunity for someone who is eager to be part of a growing company and make a direct impact in growing our assets portfolio.
We value your hard work, integrity, and commitment to making things better, and we put people first by offering you benefits that support your life and well-being. Those who welcome new opportunities, are adaptable, and thrive in a fast-paced atmosphere will enjoy being a part of this new venture.
Job Summary:
The Lease Administrator position plays a key role in NETSTREIT’s ever-expanding portfolio of single-tenant retail properties. This person is responsible for all aspects of lease administration, including abstracting and reviewing lease documents, uploading, and maintaining all pertinent lease information into the Company’s database, and coordinating key data points with other departments. This position is responsible for all deliverables under the leases as well as managing real estate tax compliance, insurance/risk management, and tenant/property financials.
Supervisory Responsibilities:
- None
Duties/Responsibilities:
- Manages all aspects of new and existing leases in the company’s database. Includes all new entries as well as maintaining existing leases and their key data points.
- Abstracts and interprets lease documents to ensure proper tenant and landlord performance obligations are being met on time and within the parameters of the lease.
- Assists management and accounting with variance reports, percentage rents, rent increases, and auditing of operating expenses.
- Monitors all lease deliverables to ensure all records are current and in compliance with lease requirements. Tracks critical dates for all performance obligations and coordinates with other departments to confirm compliance.
- Monitors landlord’s receipt of tenant/property level sales/financial reports. Coordinates deliverables with the credit/underwriting team to produce monthly and/or ad hoc reports.
- Tracks insurance compliance/renewal requirements and maintains current certificates for all tenants as required under the leases.
- Coordinates with local municipalities to ensure property tax statements are delivered to the appropriate entities for all new leases. Coordinates payments/reimbursements with accounting, property management, and the tenants as needed.
- Requests estoppels, SNDAs, and other tenant-produced documents as needed by the transactions and/or property management departments.
- Maintains the company’s database for relevancy and accuracy from acquisition through disposition.
- Demonstrate the highest standards of business leadership, ethics, intellectual curiosity, and collaboration.
- Organized, detail-oriented, and able to multi-task and manage multiple projects and deadlines.
- Strong Yardi skills
- Able to work independently and to collaborate within and beyond the lease administration department.
Education and Experience:
- Bachelor’s degree from four-year college or university; or five+ years of related experience and/or training
- Experience in lease administration, accounting, and/or property management is preferred.
- Prior experience with Yardi and Excel is Required.
Physical Requirements:
Prolonged periods of sitting at a desk and working on a computer.