Lease Administrator/Asset Manager

Lease Administrator/Asset Manager

Global Medical REIT Inc. seeks an energetic, organized self- starter for its newly-created commercial real estate Lease Administrator/Asset Manager position. Reporting to the Vice President, Asset Management, s/he will act as a facilitator for all leasing- related activities from inception to post-acquisition including documentation, coordination and administration for the various aspects of the leasing process. The successful candidate will act as an in-house leasing expert, with responsibility to support negotiation, organize, track, and monitor our leases and their requirements.  

Duties may include, but not be limited to:

• Act as liaison between tenants, in-house personnel, outside counsel, consultants and brokers to negotiate, prepare and review leases and related documents, amendments, renewals, extensions, licenses, terminations, subleases, lessor consents, right-of-first-offer & right-of-first-refusal notices, and other property related agreements.
• Responsible for the day-to-day functions of lease administration, including but not limited to abstracting leases, review of existing and new lease reoccurring charges to ensure accuracy in rent escalations and any additional payments.
• Monitor all critical dates, lease covenants and financial requirements, communicate with tenants about submitting their periodic financial statements and resolution of lease compliance issues.
• Process lease documents and circulate to accounting department for approval and posting of monthly recurring charges, CPI increases, and any miscellaneous billings/adjustments related to rent into Yardi. 
• Coordinate and follow up with the Asset Managers and/or Property Managers regarding the verification of building square footage, unit changes, rent commencement, move-in/out forms, holdover, major tenant information, Certificates of Insurance and other portfolio issues.
• Monitor lease expirations and proactively contact existing tenants for renewals or extensions, manage tenant contacts to update name and/or address changes, and prepare correspondence as needed in conjunction with the processing of lease documents.  
• Coordinate, negotiate and track first & subsequent lease drafts from LOI to execution.  
• Oversee internal lease review process.
• Review budgets and rent roll for multi-tenant assets.
• Oversee and track tenant improvement and other construction related projects to monitor work completion for critical dates and the triggering of lease commencement/ rent commencement. 
• Maintain a tracking database of all portfolio leasing matters and the integrity of the lease abstract database and coordinate all aspects of the lease administration process, including regular review of reports to ensure accuracy of lease data. 
•  

Pre-requisites:

• Bachelor’s degree ideally in Business Administration, Finance, Accounting, Real Estate or related field with strong record of academic achievement, or a Paralegal Certificate

• Minimum of five years of relevant work experience in commercial real estate, lease administration, commercial leasing, property management and/or commercial real estate legal. 

• Self-motivated with strong analytical, organizational, attention to detail and accuracy, written and verbal communication skills combined with an effective collaborative working style
• Ability to work independently, as well as part of a team, with ability to set priorities, manage multiple projects, and meet deadlines.
• Must have strong ability to interpret complex commercial lease language, related real estate documentation and have general property accounting knowledge in a fast-paced environment.
• Experience with Yardi and Microsoft Office suite preferred