Lease Administration Manager

JOIN OUR TEAM

Bridge33 Capital is a rapidly growing, vertically integrated real estate private equity firm focused on open-air retail real estate. The Company recently raised $458 MM in its latest opportunistic fund, marking a key milestone for the company.

We are seeking a LEASE ADMINISTRATION MANAGER who plays a key role in managing and optimizing Bridge33’s commercial real estate retail lease portfolio. This position ensures compliance with lease terms, and facilitates efficient lease-related processes.   The is a in-person role based in our Chicago office. Come make your mark as an integral part of Bridge33 Capital!

MISSION

We build relationships and create value where others don’t.

KEY PRINCIPLES

We’re Better Together | We’re Here to Serve | We crush our egos, and we have empathy for teammates | We stay positive | We embrace accountability, and we champion results.

ESSENTIAL RESPONSIBILITIES 

• Interpret complex legal language in retail tenant leases.
• Manage the portfolio of commercial real estate retail leases, overseeing lease abstraction, interpretation, and documentation.
• Ensure accuracy and completeness of lease data entry into the lease management system and maintain lease files.
• Oversee the ongoing creation and maintenance of lease abstract files (internally or externally)
• Coordinate with Asset Managers, Property Managers, and Accountants at each step of the lease process
• Monitor financial aspects of leases, including rent payments, escalations, and reconciliations.
• Coordinate with accounting and finance to teams to ensure accurate and timely lease-related financial reporting.
• Designs reports utilizing various report tools (Yardi, Excel, Power BI)
• Prepares and distributes critical date reports; maintains tickler system for tracking important dates and tasks related leases.
• Assists Asset Management, Leasing and Property Management with critical information in the lease in a timely manner.
• Performs other duties as assigned.

Requirements

QUALIFICATIONS

• Strong in-depth experience with retail leases including experience with lease provisions such as co-tenancies, go-dark clauses, prohibited uses, etc.
• Proficiency in Word, Excel, Yardi, or MRI (or similar real estate software packages)
• Strong written and oral communication skills
• Strong organizational skills
• 3+ years’ experience in professional level commercial real estate/lease audit
• Possess skills, abilities and traits that align with the company’s Key Principles

Benefits

WHAT WE OFFER

• Fast paced and dynamic work environment, including frequent interaction with the senior management team.
• Flexible time off policy
• Company sponsored medical, dental and vision insurance.
• Company paid life insurance.
• Company paid short- and long-term disability insurance.
• Paid parental leave.
• 401k plan with Company match
• 11 paid holidays

The annual base salary range for this role is $93,795 - $130,692 and the role is eligible for an annual discretionary bonus.

Bridge33 provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, age, sex, national origin, disability status, genetic information, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.  Bridge33 is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities.  To request reasonable accommodation, please contact our Human Resources department at [email protected].