Director, Investment

Prologis; Toronto; On-site; CAD 159,000 - 218,000; Full time

Job summary

An established industry player is seeking a dynamic Investment Director to lead acquisitions and development activities in the Greater Toronto Area. This pivotal role involves setting investment strategies, driving growth, and collaborating with various teams to identify opportunities in the industrial real estate sector. The ideal candidate will have a proven track record in commercial real estate, particularly in industrial properties, and will be adept at navigating market trends to optimize returns. Join a forward-thinking company that values its people and fosters a culture of diversity and inclusion, while offering a competitive compensation package and opportunities for professional growth.

Benefits

Generous total rewards package

Leadership development resources

Diversity and inclusion initiatives

Qualifications

• 7+ years in commercial real estate with focus on industrial properties.
• Strong background in underwriting and negotiating acquisitions.

Responsibilities

• Oversee acquisitions and development activities in the GTA market.
• Collaborate with teams to advance capital deployment initiatives.

Skills

Commercial Real Estate Acquisition

Financial Modeling

Negotiation Skills

Market Trend Analysis

Project Management

Education

Bachelor's Degree in Business or Real Estate

Real Estate Sales License

Tools

Pro forma Modeling Software

Project Management Tools

Job description

Prologis, Inc. is the global leader in logistics real estate. In partnership with our customers and our communities, we develop modern, high-quality properties that set the standard for innovative building design and sustainability. Prologis owns or has investments in properties and development projects of ~1.2 billion square feet in 19 countries and enables 2.8% of the world’s GDP. We have committed to achieve net zero emissions by 2040. Beyond real estate, our Essentials platform optimizes the company’s global asset portfolio to provide our customers solutions that address today’s warehouse and shipping challenges. Prologis Ventures invests in logistics innovation and technology companies to modernize supply chains worldwide.

Job Title: Director, Investment

Company: Prologis

Prologis is seeking an Investment Director to oversee acquisitions, redevelopment, and development activities in the Greater Toronto Area (“GTA”) market. As an Investment Director, you will play a key role in setting investment strategy and driving activity and growth in the marketplace for Prologis by leading the origination, underwriting and execution of industrial property acquisitions and developments. This role is based in our Toronto office.

Key responsibilities include:

• Partner and collaborate with the Investment Officer and Development and Leasing teams to identify and proactively advance capital deployment initiatives and pursuits (including green-field land acquisitions, speculative and build-to-suit developments, value-add redevelopments, portfolio and single asset acquisitions of industrial buildings and support M&A and entity investments).
• Leverage existing professional relationships and develop new strategic contacts to generate business opportunities with potential real estate partners, private sellers, brokers, investment bankers, owners, developers, consultants and high net-worth individuals.
• Identify and communicate merits of new investment opportunities to the Senior Leadership and Prologis Investment Committee.
• Ability to identify, anticipate, communicate and capitalize on market trends to bring industry leading returns to Prologis.
• Develop comprehensive knowledge of all of the company’s assets, strategy, processes and systems.
• Direct all land development and entitlement efforts within the market in partnership with Development and Leasing teams, as well as external resources to maintain project schedules.
• Oversee due diligence of new investments.
• Coach, mentor and lead junior team members.

Building blocks for success

Required

• 7+ year track record of acquiring and developing commercial real estate with a focus on industrial properties. Multi-market market exposure to major Canadian markets is a plus.
• Proven track record of sponsoring industrial acquisitions and taking them from cradle to grave with a solid performance history of value creation.
• Strong background in underwriting acquisitions deals, including value add opportunities; experience working with environmentally and/or entitlement challenged properties is a plus.
• In depth understanding of financial acquisition and development pro forma modeling, general construction process and pricing, redevelopment and entitlement processing.
• Background in negotiating PSAs, leases, development agreements and reporting on project performance.
• Ability to balance multiple pursuits and work in a fast-paced, dynamic environment.
• Travel expectation 10-20%.

Preferred:

• In depth understanding of the GTA industrial market, and proven track record of leading successful acquisitions.
• Current Real Estate sales license in the Province of Ontario or be able to obtain a license within six months of commencing employment. Please note that the company will cover relevant, associated costs and will consider the reasonable time spent acquiring the license as part of work hours.

Hiring Salary Range of: 159,000 CAD – 218,000 CAD. Salary and whole compensation package (bonus target & LTI) to be determined by the candidate’s location, education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

People First

As a successful global enterprise, Prologis has never lost sight of what matters most - our strong belief that our people are the most important part of our business. And because of that, we provide a generous total rewards package and dedicate both time and resources to leadership development. Our team is intentional about cultivating a culture rooted in diversity, equity, and inclusion so that everyone at Prologis feels a sense of belonging.

Employment Type: Full time

Location: Toronto, Ontario, Canada