Vice President, Portfolio Management

Role Responsibilities

Strategy:

• Integrate client strategic objectives with asset recommendations, including value-add or defensive capital initiatives and hold/sell decisions based on a thoughtful, comprehensive risk-return analysis.
• Prepare annual strategic asset plans and, where applicable, a development or redevelopment plan, monitoring progress and reporting on them to the management team.
• Assess existing assets for opportunities to densify, enhance income, and protect and grow asset value. You will implement and oversee asset-level strategies to further these crucial opportunities.
• Utilize your strong financial modelling skills to support recommendations and decisions.

Operations Oversight:

• Provide high level oversight of all elements of property and portfolio performance including leasing parameters, rent collection, and capital programs.
• Support the management team with timely approvals of lease transactions and capital expenditures as required. Provide thoughtful insights and direction that ensure strategic goals are consistently met.

• Develop overall strategies based on an ongoing review and knowledge of market conditions in conjunction with annual property plans and communicate priorities to leasing representatives and property managers.
• Assess lease transaction impact on property valuations via Argus modelling.
• Carry out on-site reviews of the assets on an as-required basis.
• Provide the management team, on an as requested basis, special reports, tours of assets, market information, recommendations, etc.
• Ensure that all properties comply with operating guidelines and policies.
• Oversee property managers in daily managing of properties
• Co-ordinate with property managers, consultants, etc. on project specific items (i.e. marketing initiatives, signage, construction, etc.)
• Oversee leasing including:
  • Direct communication/lease renewal with existing tenants
  • Liaise with listing brokers for vacant space and oversee lease documentation
  • Generate monthly leasing reports
• Generate fund level budgets and oversee property level budget preparation
• Managing and renewing existing property financing

Presentations and Reporting:

• Report significant activity including occupancy, capital programs, development progress, financial performance, and any other items of note.
• Review ongoing property and financial reports.
• Provide reviews and advice as required for the appraisal/valuations process.
• Create or refresh annual asset management plans for each property that sets out overarching strategy and key imperatives for each asset in the portfolio.

Fund Management/Investor Relations:

• Assist in preparation and coordination of quarterly reporting for all Funds.
• Prepare fund forecasts and fund level analysis
• Provide and manage supplemental financial analysis on a quarterly basis

Acquisitions & Dispositions:

• Work alongside the investment team on identified acquisition targets by engaging as part of the assessment and due diligence teams. Lead the asset handoff process for new acquisitions from the investment team to the portfolio management team.
• Develop and present recommendations regarding the sale of assets that no longer meet the firm’s strategy.
• Drive the disposition of assets by providing full property information adequate for preparation of the broker review and preparation of market sale materials. This will include preparation/coordination of Letters of Intent, Purchase and Sale Agreements and mortgage documentation.
• Manage all aspects of the due diligence process. This will include coordination with lawyers, lenders, consultants, property managers, etc.
• Review and comment, ensuring accuracy, on all sale materials. Remain an active resource on the transaction.
• Collaborate with the investment team throughout the sale, marketing and transaction process providing insightful contributions that enhance realized value from the asset.

Development:

• Assess markets and collaborate with the development team to determine development and entitlement opportunities, including the creation of master plans, building design, proformas, and approval memorandums.
• Prepare presentation and recommendation materials for the management team.
• Ensure that a proper planning process is in place and that the approved plan is executed.
• Complete a closing development project report, citing all relevant project details, performance, returns, valuations in reference to the original approved development plan.

Sustainability:

• Embrace and proactively support the company culture of environmental and social responsibility.
• Take active accountability and ownership to reinforce asset initiatives aimed at achieving sustainability targets.
• Collaborate with other stakeholders to identify opportunities for best-in-class sustainability initiatives that will propel client objectives of achieving Net Zero targets, enhancing GRESB scores and social impact priorities.
• Provide ideas for enhanced sustainability performance for the portfolio, with focus on maintaining and enhancing client priorities to ensure best-in-class portfolio sustainability scoring.
• Assess development and acquisition opportunities for compliance with client sustainability objectives.

• Be a key strategic thinker in the ESG space. Other Duties:
• Participate in and support department and corporate initiatives to streamline workflows and enhance working culture and success on behalf of investors.
• Work collaboratively with internal company resources and support teams respecting their expertise and responsibilities.