Real Estate Portfolio Manager

Hove Street Properties; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

A leading company in the real estate sector seeks a Real Estate Portfolio Manager to oversee a significant industrial portfolio. The role involves strategic oversight of leasing, asset management, and team collaboration in a fast-paced environment, offering opportunities for professional growth.

Qualifications

• Minimum 7 years' related experience, with 2 years in industrial asset management.
• Strong network and relationships in commercial real estate.
• Excellent organizational and detail-oriented skills.

Responsibilities

• Drive portfolio performance and ensure all legal agreements are current.
• Lead leasing activities and collaborate with various teams.
• Prepare monthly, quarterly, and annual reporting for executives.

Skills

Asset Management

Leadership

Communication

Customer Service

Time Management

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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Hove Street Properties own and manage primarily industrial property across North America. 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. 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 offers a unique hands-on environment where an individual can make an impact while continuing to develop their professional skills. The position requires applied industrial property experience, effective leadership & communications skills, and demonstrated experience in Leasing and Construction.

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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