Position: Portfolio Manager - South Bay - Los Angeles New Los Angeles, CA -Hybrid
Rexford Industrial Realty, Inc. (NYSE: REXR) is a leading, publicly traded industrial real estate investment and management company operating a $14 Billion industrial real estate portfolio.
We have an exciting opportunity for a Portfolio Manager to join our team in the Los, Angeles, CA office. You will provide support to the Senior Portfolio Managers in the management of a large industrial portfolio and be responsible for managing the day-to-day activities of the properties and property staff to fulfill the objectives set each year.
Work Arrangement
You will follow a hybrid work model, offering a balanced blend of remote and in-office work.
Property Manager Responsibilities
- Ensure Property Management services are provided in compliance with policies, procedures, regulations and lease obligations and standards for assigned portfolio.
- Bid, negotiates and manage vendor contracts.
- Conduct routine property inspections to prevent/identify problems and exposures.
- Recommend alterations, maintenance and reconditioning for Senior Portfolio Manager and/or Director, as necessary.
- Assist Senior Portfolio Managers and/or Director in the completion of quarterly and annual property inspection reporting.
- Assist in preparation of annual Budgets for operating and capital expenses.
- Complete annual Common Area Maintenance (CAM) reconciliations.
- Responsible for the review and approval of the monthly rent roll, and to ensure statements are sent out timely.
- Ensures timely rent collection and Watch list updates and payment of property expenses.
- Ensures tenant needs are met by administrative and building technical staff to resolve problems promptly.
- Provide and foster positive relationships with tenants and internal clients.
- Oversees transfer of acquisitions/dispositions, including utilities, new vendors, tenant set-up and welcome letters.
- Assist Senior Portfolio Managers and/or Director in the coordination of tenant improvements through punch‑list, interior/exterior building capital projects in cooperation with the Construction Department (as required).
- Coordinates tenant move‑ins and move‑outs, completion of all required paperwork including security deposit refund, within required timeframe.
- Coordinates Preventative Maintenance Programs for building systems, roof and other, as required.
- Assist Senior Portfolio Managers and/or Director in the coordination of legal action as necessary, including unlawful detainer action, early lease terminations/settlement agreements.
- Assists in the preparation and delivery of timely, accurate and complete variance reporting and accruals on a monthly basis, and other reporting, as required.
- Assists in tracking Environmental related issues at properties and ensuring compliance by tenants and vendors.
Property Manager Qualifications
- BA degree or equivalent to a 4-year college degree.
- 4+ years property management experience managing a commercial/industrial multi‑tenant portfolio.
- Proven record of providing excellent internal and external customer service.
- Experience with Budgets and CAM Reconciliations.
- Excellent organizational and time‑management skills and a strong attention to detail.
- Strong accounting skills and knowledge.
- Proficient with Microsoft Excel, Word and Yardi.
Compensation and Benefits
Rexford Industrial's total reward plan includes a premier benefits package, bonus eligibility and long‑term stock incentives. The expected annual base salary range for this role is $90,000 to $105,000, with a 15% discretionary annual bonus target and stock grant eligibility.
- The actual base salary and total compensation offered depend on a variety of factors, which include, without limitation, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location where the job will be performed. The final base salary and total compensation will be described in any offer letter.
- These stock grants are subject to approval by the Compensation Committee of the Board of Directors, are currently subject to vesting over a four‑year period, with 25% of the grant vesting per…