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Retail Lease Abstractor

Company: Tanger Factory Outlet
Location: Greensboro
Posted on: July 14, 2019

Job Description:

What does a Retail Lease Abstractor look like at Tanger?

Tanger's Retail Lease Abstractor is responsible for abstracting lease documents. Qualified candidates must be able to review and interpret lease language while accurately summarizing the documents in a concise manner. High attention to detail, strong organizational skills and ability to work independently are required.

What are the key job duties for this position?

  • Abstract primary terms and conditions of lease documents; includes the review and summary of documents (leases/licenses/modifications/terminations) to create an abbreviated, edited and comprehendible version of the original document.
  • If document is a lease, create a red-line to compare it to the most recent executed lease with the same tenant. Make sure substantive differences are captured in the abstract.
  • Enter specific information from the documents into pre-set data fields in the MRIX system which will be used to generate reports for other departments within the company ("Matrixing").
  • Check that economics and other provisions in the document reflect the negotiated deal and that any subsequent modifications of the terms have the proper approvals for SOX purposes.
  • Check the documents for possible errors and typos and submit for slip-sheeting.
  • Proofread and review abstracts prepared by others
  • Assist with periodic projects as requested by VP, Legal.
  • Prepare Commencement Date Agreements as needed.
  • Purge back-up documentation and closing files

    "Matrix Project"

    • Return to prior abstracts in the MRIX system to review and if necessary capture additional data in the fields which have recently been enhanced and updated for more accurate reporting

      Are you qualified for the position?

      • Bachelor's degree required
      • 2+ years of experience in auditing, abstracting, editing or drafting legal documents
      • Superior reading comprehension, editing and writing skills
      • Ability to work independently in a fast-paced environment
      • Experience with MRI or other comparable software
      • High level of attention to detail, accuracy and ability to prioritize assignments
      • Intermediate proficiency in Word, Outlook, and Excel
      • Commercial landlord-tenant legal experience preferred

        Why Tanger?

        Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tanger's operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet, leased to over 2,900 stores which are operated by more than 500 different brand name companies. The Company has more than 38 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 181 million shoppers annually. Tanger provides our shoppers the latest and most popular brands, at the best price anywhere. Tanger is proud to be an Equal Opportunity Workplace. All employment decisions are based on qualifications, merit, and business need.

        E-Verify® is a registered trademark of the U.S. Department of Homeland Security. EOE. Drug Free Workplace. A background check will be conducted for this position. Tanger Management, LLC participates in E-verify.

Keywords: Tanger Factory Outlet, Greensboro , Retail Lease Abstractor, Hospitality & Tourism , Greensboro, North Carolina

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