Director of Property Management
Macdonald & Company, Beverly Hills, CA, United States
Macdonald & Company has been exclusively retained by a privately held Southern California–based commercial real estate owner/operator with a diversified portfolio of class B & C retail, industrial, and office assets to appoint a Director of Property Management.
This is a senior leadership role overseeing the full property management function across a growing portfolio. The Director will lead day-to-day operations, leasing execution, financial performance, and risk management, while mentoring and scaling a high-performing team.
Key Responsibilities Lead and oversee the day-to-day operations of the property management department across commercial, industrial, and retail assets Drive portfolio NOI and occupancy in line with company projections, identifying opportunities to increase revenue and reduce operating expenses Review monthly financials, variance reports, and cash flow performance, ensuring accuracy and implementing corrective strategies as needed Partner with the Controller on annual operating and capital budgets, including oversight of CAM reconciliations and financial reporting accuracy Direct all leasing activity, oversee broker relationships, and negotiate and approve new lease documentation in coordination with ownership Review and approve service, repair, and capital contracts above $5,000 Collaborate with Construction on tenant improvements and capital projects, finalizing scope, budgets, and timelines per lease terms Conduct regular property inspections to evaluate asset condition, team performance, and capital improvement needs Oversee tenant and vendor insurance compliance, regulatory inspections, and adherence to carrier requirements including FM Global recommendations Lead risk management initiatives, safety training, and incident reporting across the portfolio Set measurable annual performance goals for team members, conduct reviews, and provide ongoing coaching and mentorship Act as primary landlord point of contact for select tenants and maintain strong relationships with lenders, investors, and brokers Provide market intelligence and portfolio-specific strategic recommendations to senior leadership
Qualifications 10 - 15 years of commercial real estate property management experience, Class B and C assets preferred Demonstrated leadership experience overseeing teams across multi-asset portfolios Strong background in CAM reconciliations, budgeting, forecasting, and financial reporting Experience managing retail, industrial, and office properties Proficiency in Microsoft Office and Yardi California real estate license required MRED or MBA preferred CCIM, RPA, or CPM designation preferred
Key Responsibilities Lead and oversee the day-to-day operations of the property management department across commercial, industrial, and retail assets Drive portfolio NOI and occupancy in line with company projections, identifying opportunities to increase revenue and reduce operating expenses Review monthly financials, variance reports, and cash flow performance, ensuring accuracy and implementing corrective strategies as needed Partner with the Controller on annual operating and capital budgets, including oversight of CAM reconciliations and financial reporting accuracy Direct all leasing activity, oversee broker relationships, and negotiate and approve new lease documentation in coordination with ownership Review and approve service, repair, and capital contracts above $5,000 Collaborate with Construction on tenant improvements and capital projects, finalizing scope, budgets, and timelines per lease terms Conduct regular property inspections to evaluate asset condition, team performance, and capital improvement needs Oversee tenant and vendor insurance compliance, regulatory inspections, and adherence to carrier requirements including FM Global recommendations Lead risk management initiatives, safety training, and incident reporting across the portfolio Set measurable annual performance goals for team members, conduct reviews, and provide ongoing coaching and mentorship Act as primary landlord point of contact for select tenants and maintain strong relationships with lenders, investors, and brokers Provide market intelligence and portfolio-specific strategic recommendations to senior leadership
Qualifications 10 - 15 years of commercial real estate property management experience, Class B and C assets preferred Demonstrated leadership experience overseeing teams across multi-asset portfolios Strong background in CAM reconciliations, budgeting, forecasting, and financial reporting Experience managing retail, industrial, and office properties Proficiency in Microsoft Office and Yardi California real estate license required MRED or MBA preferred CCIM, RPA, or CPM designation preferred