Our client actively acquires properties with long-term net leases primarily to essential, recession resilient, and investment-grade tenants across its DST and REIT platforms with the goal of growing its total assets under management to $7-10+ billion within the next three years. Our company aggregation strategy is intended to leverage the significant synergies between its net lease DST and REIT platforms in order to provide stable monthly income; reduce risk and enhance value through increased diversification; expand capacity to accommodate liquidity needs; provide ongoing tax deferral; unlock additional access to capital; and optimize estate planning benefits on behalf of investors across both platforms. This aggregation strategy is accomplished through the Essential Income REIT, which is a publicly reporting company with a private placement offering for its common shares. The Essential Income REIT includes 362 properties diversified by 37 primarily investment-grade tenants successfully operating in the necessity-based retail and healthcare industries across 34 states, providing added value for investors through this broad diversification.
Essential Duties & Responsibilities:
• Respond to incoming repair and property maintenance related requests within 24 hours and provide updates to tenant with repair statuses.
• Utilize the existing tracking system to create cases for each repair and maintenance item and inspection request to log the progress or status updates and completion of each item.
• Source vendors, send out request for proposals, obtain at least three proposals, compare, and analyze scope of work with total cost, and determine next steps based off the available information.
• Submit expense approval requests for repairs exceeding $2,500. Such requests for approval include the analysis behind the proposed solution, vendor comparison, etc.
Qualifications:
• Complete a thorough review when a work order comes in to determine the priority level of the request. If there is an emergency, the work order must be flagged as high priority and addressed immediately.
• Prioritize your cases and schedule your days to ensure you are working on the most important items.
• Communicate if delays in urgent items occur, if your personal caseload is unmanageable, or if additional guidance is needed.
• Develop and cultivate relationships within the team in addition to our tenants and vendors.
• Take initiative, think critically, and creatively in solving problems. Ask questions when necessary but operate with a level of autonomy.
• Must be organized, efficient, and able to work independently as well as part of a team.
• Work with a healthy sense of urgency with the assigned workload.
• Consistently reassess and improve upon the work order process flow.
• Demonstrate a positive “can do” attitude and eagerness to learn.
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