Commercial Lease Administrator
CIM Group
(Los Angeles, California)CIM Group® is a premier full service urban real estate and infrastructure fund manager with approximately $20.5 billion of assets under management. Since its founding in 1994, CIM has been a process- and research-driven investor that mitigates risk through the fundamental analysis of the long-term drivers in communities.
Maintain integrity of building and suite areas in Yardi rent roll as well as major lease provisions via abstractions of lease documents.
- Track all leases, including follow up on GSA and other government leases by way of leasing activity log.
- Ensure all commercial leases are complete including correct ownership and signature block, deal approval sheet, and adherence to delegated approval guidelines.
- Execute and verify all leases.
- Reconfirm all rent calculations, all commission calculations, tenant improvements, and other allowances.
- Rent commencement letter needs to be issued and annualized net present value calculation as required, and signed – maintain Tickler system and retrieve outstanding letters as required
- Ensure security deposits are received and amount adheres to lease when leases are executed. If not, follow up with leasing director or property manager for clarification and/or correction.
- Upload all leases into Yardi and Asset Portal.
- Approve, Review or Amend Abstracts of all leases.
- Set up job codes for capitalized costs. (TI, commissions and other lease costs)
- Identify and link pre-lease improvements with incoming leases.
- Ensure that tenant delivery letter is executed on the date the premise is delivered and uploaded to Asset Portal.
- Work with Accounting on Lease Commencement and Possession Date documentation and tracking
- Provide ancillary analytical support to broader Operations and Analysis team as warranted during major processes such as Budget and Forecast
- Perform Credit Evaluations in conjunction with potential new tenancies
- Gather move-out information from property management team and load dates into Yardi
- Process lease commissions for payment when authorized. Audit commission calculations as warranted
- Make updates in Yardi for tenant holdover or early termination
- Bachelor’s Degree
- Notary License – preferred but not required
- REIT knowledge/experience - preferred but not required
- Proficiency in Microsoft Office including Word, Excel, and Adobe
- Proficiency in Yardi or similar software program
- Proficiency in Nexus Payables
- Proficiency in Salesforce or similar software program
- Proficiency in Document Management Systems software (e.g., Sharepoint)
Benefits | Benefits included |
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Additional Notes on Compensation
• Great opportunities for growth and career mobility • Pay and promotion based on performance • Entrepreneurial environment with a focus on collaboration • 401K matching; competitive medical, dental and vision plans
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