Management
Shopping Center Management
Work with us on collections, maintenance, lease dates, and reporting for your retail property.
The Work We Handle
The suite has been empty for months.
We price and market the space in house, reach out to tenants, and bring you the offers to consider.
The rent is late again.
We collect rent and follow up on outstanding payments. You can see collections in the owner portal.
The CAM bills still aren't done.
We prepare CAM, tax, and insurance reconciliations from the leases, so you can see what each tenant owes.
A lease is ending and there's no plan.
We track expirations and option dates ahead, so you can consider a renewal or prepare for a vacancy.
I'm getting calls about leaks and lights.
We coordinate vendors and bring work above your set limit to you for approval. You can see work orders in the portal.
Management Services
Accounting
Rent collection, owner statements, and a broker trust account for owner funds and deposits.
CAM Reconciliations
CAM, tax, and insurance reconciliations prepared under the terms of each lease.
Maintenance
Maintenance requests and repairs coordinated with vendors.
Lease Administration
Rent changes, options, renewals, and other lease terms tracked throughout the tenancy.
Leasing
Vacancy pricing, marketing, tenant outreach, LOIs, and lease negotiation.
Owner Reporting
Property records and statements available through the owner portal.
Owner portal
The Rent Roll
Click a suite for its rent, status and lease terms.
Occupancy
77.5%
Monthly base rent
$33,075
Avg. term left
1.7 yrs
Vacant SF
3,040 SF
| Suite | Tenant | SF | Rent / SF | Monthly | Expires | Status |
|---|---|---|---|---|---|---|
| 101 | Coffee bar | 1,200 | $4.25 | $5,100 | Mar 2029 | Paid |
| 102 | Nail salon | 1,050 | $3.40 | $3,570 | Jun 2027 | Paid |
| 103 | Vacant | 1,240 | $3.25* | Listed | ||
| 104 | Dental office | 1,620 | $3.25 | $5,265 | Mar 2029 | Paid |
| 105 | Pizza, takeout | 1,400 | $3.60 | $5,040 | Jan 2028 | Paid |
| 106 | Fitness studio | 3,200 | $2.40 | $7,680 | Nov 2027 | Past due |
| 107 | Insurance office | 900 | $3.10 | $2,790 | Dec 2026 | Renewal |
| 108 | Dry cleaner, drop-off only | 1,100 | $3.30 | $3,630 | Aug 2030 | Paid |
| 109 | Vacant | 1,800 | $3.75* | Listed | ||
| Total | 13,510 | $33,075 | * Asking | |||
Lease summary
Suite 106
- Tenant
- Fitness studio
- SF
- 3,200 SF
- Rent / SF
- $2.40 NNN
- Expires
- Nov 2027 (13 months)
- Increases
- $0.10/SF a year
- Options
- Two 5-year
- Pro rata share
- 23.69%
- Note
- October rent 12 days late; reminder sent
Sample · Sample Center is fictional
Owner report
The Weekly Report
Leasing, collections and maintenance at the sample center.
- From
- Stegman Companies
- To
- Owner, Sample Center
- Subject
- Sample Center | Week of October 19
Leasing
- Suite 109: 4 inquiries and 2 tours. LOI received from a Mediterranean fast casual operator at $3.70 NNN.
- Suite 103: 3 inquiries. Proposal sent to a physical therapy group.
- Suite 107: Tenant reviewing the renewal amendment.
Collections
- Suite 106 is 12 days late. Reminder sent; call set for Tuesday. All other tenants paid.
Work orders
- Roof leak over Suite 104: bids due Thursday.
- Parking lot lights repaired.
Next week
- Counter the Suite 109 LOI on TI and free rent.
- Second tour with the dessert operator.
Sample · Sample Center is fictional
CAM
One Tenant's Share
A sample calculation of annual CAM costs under one lease.
Pro rata share uses the center's full 13,510 SF, so the owner carries the vacant suites' share. Caps and exclusions in a real lease change the math.
Pro rata share
8.14%
Tenant's share
$12,360
Estimates paid
$6,732
Balance, owed by tenant
$5,628
Sample · Sample Center is fictional
Changing Managers
A transition includes leases, tenant records, ledgers, deposits, keys, and vendor information. The existing agreement sets the notice requirements.
Fees
Management scope and fees are set out in a written proposal.
Questions
How are shopping center management fees usually charged?
What is a CAM reconciliation?
Can I change managers during a tenant's lease?
What can owners see in the portal?
Talk About Your Property
Tell us about your center and what you would like us to handle.