Real Estate Specialist Job Listing at Applied Industrial Technologies in Cleveland, OH (Job ID JR102610)

Description

Lease

• Proactively coordinates with field leadership in advance of lease expiration to understand lease renewal needs and wants.
• Negotiates lease renewals with landlords using market data as a guide.
• Prepares lease abstracts and other documentation for Executive Management review and execution.

Negotiate

• Manages real estate brokers in cases where external support is a benefit or a requirement.
• Works with the Applied Legal group to ensure business best-in-class terms & conditions are incorporated within lease agreements.
• Negotiates lease abandonment terms with landlords, and facilitates the resulting internal accounting transactions
• Facilitates the purchase and sale of owned properties.

Rent

• Executes monthly rent and “extra rent” payments using lease payment software systems; reconciles any/all discrepancies.
• Facilities financial reporting activity relating to rent accrual, pre-paid rent, rent deposits, abandoned lease reserve, and deferred rental income account accruals.
• Prepares and presents annual rent payment documentation to Tax Department for preparation of 1099's to be sent to landlords.
• Manages allocated rent processes for owned locations.

Reports/Tracking

• Maintains a tracking system of lease details including expiration dates, rates, and other pertinent information essential to the effective management of the portfolio.
• Maintains digital database of company locations (i.e. updates database, communicates new locations, location moves, and closings/mergers.
• Tracks and reports the number of operating locations and owned/ leased facilities for annual reporting purposes.
• Participates in the annual preparation and submission of department budgets.

Other

• Oversees centralized site utility payment program; reconciles monthly consolidated invoice payment.
• Other duties as assigned.
• Geographic scope of responsibility includes US, Canada, and/or Mexico.

Requirements

• Must have High School diploma or equivalent; Bachelor's degree preferred
• Must have a minimum of one year of experience in contract writing and/or property management experience.

Founded in 1923, Applied Industrial Technologies (NYSE: AIT) is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.

Applied Industrial Technologies is built on a philosophy that puts people first.  We are an equal opportunity employer, and we are committed to a workforce in which we enforce fair treatment and provide growth opportunities for everyone.  All qualified applicants will receive consideration for employment regardless of age, race, color, national origin, genetics, religion, gender, marital status, physical or mental disability, or any other characteristic protected by applicable laws, regulations, and ordinances.