Columbus, OH, United States of America
18 hours ago
Real Estate Portfolio Manager
Description

The Real Estate Portfolio Manager will manage an existing portfolio of bank owned/leased & occupied real estate properties including retail, office, bank tenants and ATM sites within assigned market with an emphasis on negotiating and managing the lease renewals process and handling problem resolution for site issues.  Additionally, from time-to-time this position may assist with or lead market searches and negotiate deals for new sites for retail and corporate lines of business as needed – interact with regional leadership as requested. 

Duties & Responsibilities:

For leased properties, this position will be responsible for successfully negotiating renewals with an emphasis on cost savings, and will be required to manage the entire renewal process including financial analysis and forecasting, updating and negotiating changes to lease language,   and executing renewals against expiration dates mainly direct with landlords.   This position will also lead problem resolution with issues that arise at a facility involving adherence to a lease and are expected to with internal partners and external resources as needed to resolve any property issues that have been escalated and help to enforce the requirements of the lease as they benefit Huntington.

Market excess space either direct or through broker as needed and serve as main POC for tenant relationships within assigned markets and resolve any issues that arise.

Perform financial analysis on all transactions, adhere to budget constraints and participate in forecasting expenses with lease administration.

Negotiate terminations as required.

For owned properties, assist to resolve any issues relative to easements or miscellaneous issues that arise.  Assist Lease Administrator in collection of past dues rents and other charges from 3rd party tenants.

Other duties as assigned

Additionally, assist with or lead market searches and negotiate deals for new sites for retail and corporate lines of business as needed – interact with regional leadership as requested. 

This is an in office position located at 5555 Cleveland Ave, Columbus, Ohio, or possible other location where Huntington has a market presence.

Basic Qualifications:

5 or more years of experience with managing a commercial real estate portfolio which includes leased, and owned properties. (not residential or apartment complex real estate), performing direct negotiations with landlords and managing the legal documentation for the renewals including negotiations of various lease clauses.

5 years of directly negotiating commercial real estate deals

Bachelor's Degree


Preferred Qualifications:

Must possess the working knowledge of lease contract language and must be able to prepare and edit LOIs and work with legal to review and edit leases and purchase agreements. 

Must possess and demonstrate strong communication (written and oral) and negotiating skills

Proven track record in the commercial real estate area with at least 5 to 7 years’ experience, firm working knowledge, understanding and interpretation of commercial lease terminology and all legal document language, understanding the meaning and importance to Huntington’s lease deals.

Must understand how to assess a market and perform site searches for retail opportunities

Should be able to read surveys, understand title work and closing packages as well as all legal documents pertaining to a property closing and understand and apply general commercial real estate terminology


Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds:  in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters:  Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume.  All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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