Associate, Real Estate Operations

Our client is a leading investor, developer and asset manager operating across North America for 25 years. Their core purpose is to deliver Extraordinary Outcomes™ to their stakeholders.

Our client is proud to have delivered in the top tier of alternative asset returns since 2002, while positively impacting over 6,000 lives.

Their investment strategy is focused on infrastructure, private equity and real estate. The enterprise value of their assets under management currently exceeds $1.

7 billion and their projects attract top-tier investors.

Our client invites you to join as they continue to grow and build something great together. The team is adaptable, agile and dynamic and they are committed to sustainable and responsible investing.

Their people represent a diverse mix of cultural backgrounds and professional experiences, bringing together unique perspectives and skill sets that deliver growth to their stakeholders through innovation and thought leadership.

Our clients cultural values uphold integrity, trust and transparency above all else. They know that in order to achieve Extraordinary Outcomes™, we need to grow and support an Extraordinary team.

If this sounds like something you align with, we want to meet you.

Position Overview :

We are looking for someone to join a dynamic team focused on making a difference in the housing sector. Real Estate Fund portfolio is focused on driving impact and consists of multi-family, purpose built student accommodations and co-living residential assets in markets across Canada, with additional housing typologies also being explored.

Launched in December 2021, Real Estate Fund doubled in size from $200M in GAV to $400M in its first full year and is on-track to reach $700M by the end of 2024.

Our clients intentions are to make Real Estate Fund the pre-eminent living sector opened-ended private REIT in Canada, driven largely from its proprietary access to our clients development pipeline which is valued at over $1.

5B (based on completed value). Real Estate Fund will also strive to deliver a sector-leading impact and ESG-driven portfolio that will enhance yields, asset values and future-proof the portfolio.

Our client is seeking an Associate, Real Estate Operations to join its high-energy, fast-paced team reporting to the Managing Director, Real Estate Operations.

You are passionate about real estate operations, asset management and analyzing data, and you have previous experience as an analyst at a property management firm or asset manager.

You have an entrepreneurial mindset and want to work in a collaborative in-office environment. You strive for excellence and will be key to help deliver exceptional results for the overall success of the Real Estate Operations and Asset Management Team.

Experience working with Yardi and Argus is required.

Key Duties and Responsibilities :

• Assist and support the Real Estate Operations team and works closely with other teams including Investment, Development and Asset Management teams.
• Create and maintain financial models using Excel and Argus for existing portfolio and new acquisitions.
• Perform key metrics reporting including leasing, occupancy, profitability and weighted average lease term reporting with a strong attention to detail.
• Analyze profit & loss statements and provide variance analysis action plans to maximize NOI.
• Creates the playbook to analyze our ESG initiatives.
• Review property manager and acquisition budgets including income and expense analysis and capital plans, comparing budgets and plans to pro forma expectations and industry benchmarks.
• Assist in new property technology initiatives and implementations.
• Work directly with Property Managers and internal managers to deliver accurate and timely reports to the Leadership team.
• Review monthly operating statements and evaluate financial performance relative to budget and forecast.
• Assist with monitoring renovation and capital projects, including status and cash flow management.
• Assist in the preparation of reporting cash flow projections, re-forecasting, distributions, or capital calls.
• Prepare internal property valuation models using Argus and Excel; compare internal valuations to external appraisals and provide insight into differences.
• Manage the quarterly property valuation process and preparation of internal and external reports.
• Maintain portfolio asset roll-up and cash flow model.
• Forecast returns at the property and portfolio level based on actual results and new acquisitions.
• Compare portfolio model to financial reporting and corporate financial model.
• Prepare property capital investment plans including achievement of net zero targets and other payback analysis as well as track project completion / cash flow timing to budget .
• Undertakes other ad hoc requests related to investments, development, ESG and project management as required.

Candidate Profile :

• Bachelor’s degree in business, finance, or real estate
• 3-5 years’ experience as an analyst at a property management firm or asset manager is required
• Direct experience in real estate operations and capex modeling is required
• Experience with student housing, residential development, hotel, and senior living is considered a strong asset.
• Advanced knowledge of Microsoft Excel, proficiency in ARGUS Enterprise and Yardi.
• Knowledge of commercial leasing is an asset.
• Superior communication skills, both written and verbal, with a successful track record working with internal and external teams.
• Strong interest in AI and continuous improvement.
• Superior financial analytical and problem-solving skills with the ability to multi-task.
• Proven ability to think logically and highly motivated to deliver results.
• Friendly and professional demeanor with a positive attitude.
• Willingness and ability to work in a fast-paced office environment by being flexible / adaptable and responding to changing circumstances.

Should your skills and experience match the requirements of this position, and you wish to engage in our recruiting process, please forward your resume and cover letter.

Our client encourages diversity. They are committed to an inclusive workplace that reflects our belief that diversity is central to building a high-performing team.

Our client is an equal opportunity employer. We are committed to providing accessible employment practices. Should you require an accommodation during any phase of the recruitment process, please let the recruitment team know.