Retail Property Manager at Cresco Labs

Chicago, Illinois, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Cannabis, RetailIndustries

Requirements

Bachelor’s degree in a related field required
3-5 years of retail property management required
Excellent written and verbal communication and presentation skills
Ability to balance multiple, diverse priorities, and produce high-quality deliverables
Proficient with MS Office applications (Excel, PowerPoint, Word, Outlook)
Familiarity with maintenance accountant software preferred

Responsibilities

Triage incoming property issues and effectively route or assume responsibility
Responsible for lease administration and timely and accurate rent payment, with support from 3rd party lease administration firm
Coordinate routine property maintenance with third-party partnerships to repair and maintain building systems
Managing real estate tax payments and supporting real estate tax appeals
Submitting monthly or annual reports on property income and payments
Contributing to cash flow management, establishing budgets, and identifying opportunities to reduce overhead costs
Coordinating insurance inspections and coordinating any action items resulting from insurance inspections
Managing any property subtenants, including coordinating rent collection
Maintaining accurate property files
Managing set-up and transfer of utilities
Leading property onboarding in support of M&A activities
Providing general administrative support to SVP, Real Estate and RE Team

Skills

Property Management

Retail Operations

Regulatory Compliance

Real Estate Management

Lease Administration

Vendor Management

Budgeting

Facilities Management

Cresco Labs

Cultivates, processes, and sells cannabis products

About Cresco Labs

Cresco Labs is involved in the U.S. cannabis industry as a grower, processor, and retailer of cannabis products for both recreational and medical users. The company offers a range of trusted brands to meet diverse consumer needs and operates in eleven states with a focus on high-demand markets and strict regulations. Cresco Labs stands out by emphasizing responsible practices, community empowerment, and eco-friendly initiatives, aiming to create a reputable cannabis industry. Its goal is to ensure that its success benefits local communities and stakeholders while delivering high-quality cannabis products.

Chicago, IllinoisHeadquarters

2013Year Founded

$105.1MTotal Funding

IPOCompany Stage

Social Impact, Consumer GoodsIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Holidays

401(k) Company Match

401(k) Retirement Plan

Performance Bonus

Stock Options

Employee Discounts

Risks

Increased competition in Ohio following the legalization of recreational cannabis.

Potential supply chain disruptions due to rapid expansion in Pennsylvania.

Regulatory challenges in maintaining compliance across multiple states.

Differentiation

Cresco Labs operates in eleven states, focusing on high-demand, regulated markets.

The company uses a consumer-packaged-goods approach to cannabis production and distribution.

Cresco Labs emphasizes eco-friendly practices and community empowerment initiatives.

Upsides

Cresco Labs reported a tenfold increase in operating cash flow in Q1 2024.

The company is expanding retail operations, with 72 locations nationally, including Ohio and Pennsylvania.

Cresco Labs' diverse brand portfolio caters to both recreational and medical cannabis users.

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