Real Estate Portfolio Manager

Hove Street Properties; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A real estate management firm based in Toronto is seeking a Real Estate Portfolio Manager to oversee industrial property management. Responsibilities include driving portfolio performance and leading leasing activities. Candidates must have over 7 years of experience in real estate and strong leadership abilities. Competitive salary and comprehensive benefits are offered.

Benefits

Health Insurance

Vision Insurance

Life Insurance

Long-term Disability

Short-term Disability

RRSP Match

Paid Vacation

Floating Days

Employee Assistance Program

Employee Engagement Events

Awards and Recognition

Service Awards

Qualifications

• Minimum 7 years' related experience, with at least 2 years in the industrial asset class.
• Strong network and proven relationships in the commercial real estate industry.
• Proven track record of delivering on objectives.

Responsibilities

• Drive portfolio performance through active asset management.
• Establish key value-enhancing strategies in coordination with ownership.
• Lead the lease negotiation process.

Skills

Leadership skills

Financial analysis

Networking

Customer service

Education

University degree in Business, Accounting, Urban Geography & Economics

Tools

Property Management software (MRI)

MS Excel

MS Word

MS PowerPoint

Job description

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Job Summary : Reporting to the COO, the position will be directly accountable for the real estate asset management duties of an assigned portfolio, working with Hove’s legal, leasing, lease administration, accounting and property management operations. Hove own and manage primarily industrial property across North America and offers a unique hands-on environment where an individual can make an impact while continuing to develop their professional skills. Based in the Toronto head office, the person in this role will be an integral member of the senior management group that oversees over 17M SF. The position requires applied industrial property experience, effective leadership & communications skills, and demonstrated experience in Leasing and Construction.

• Health Insurance (includes Virtual Health, and HCSA)
• Vision Insurance
• Life Insurance
• Long-term Disability
• Short-term Disability
• RRSP Match
• Paid Vacation
• Floating Days
• Employee Assistance Program
• Employee Engagement Events
• Awards and Recognition
• Service Awards

Job Responsibilities

Drive portfolio performance (e.g. occupancy / NOI) through active asset management and collaboration with leasing and operations.

In coordination with ownership & the senior executive team, establish key value enhancing strategies and oversee the execution of resulting initiatives.

Lead activity related to Leasing, including the lease negotiation process (Rent / TI’s) and collaborating with legal and property managers.

In coordination with the operations team (construction, property management, leasing, accounting), lead the development and implementation of annual business plans for the assigned portfolio and ensure deliverables are met.

Responsibilities to ensure all legal agreements (e.g. Leases / service contracts) are complete, current and support the objectives of the portfolio.

Responsible for co-development and implementation of physical capital plans.

Assist in the preparation of monthly, quarterly, and annual reporting for accounting / treasury and executives.

The individual will also be a key player in the acquisitions, dispositions and financing.

Ability to navigate challenging issues by coordinating the appropriate stakeholders to find an appropriate solution.

Monitor 3rd service providers in accordance with contract specifications, scope of services and performance.

Visit all properties in the portfolio on a regular basis to ensure appearance, maintenance & tenant satisfaction are in line with established standards

Qualifications

Minimum 7 years' related experience, with a minimum direct exposure to the industrial asset class of 2 years

Strong network and proven relationships in the commercial real estate industry (e.g. other owners / managers, Brokerages and 3rd party service providers).

Proficiency in Property Management software (MRI required), MS EXCEL, Word and PowerPoint is preferred; familiarity with ARGUS software is not required but would be a positive attribute

Basic knowledge of real estate accounting

Demonstrate knowledge of commercial construction processes and materials

Deep understanding of real estate legal principles, leases, operations, property cash flow / valuation & market trends

Strong customer service orientation coupled with excellent “hands-on” property management experience.

Proven track record of delivering on objectives (e.g. : savings, occupancy, tenant satisfaction).

Must be willing and able to travel as needed; must possess an automobile & hold a valid Driver's license.

Demonstrate excellent organizational & time management skills, and possess ability to work in a high volume, fast paced environment with specified deadlines

Exhibit attention to detail and accuracy in daily activities but also the ability to connect strategic objectives and culmination of financial results.

Ability to work independently as well as part of a team

Active membership with BOMA, NAIOP or other industry associations is a strong preference.

University degree in Business, Accounting, Urban Geography & Economics is preferred.

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

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