Job Description

About QuadReal Property Group

QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.

QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.

QuadReal: Excellence lives here.

www.quadreal.com

Job Description:

The Vice President, Asset Management (“Asset Manager”) is an integral role within the portfolio management team. This role is responsible for developing executing asset management strategies across QuadReal’s US Manufactured Housing (“MHC”) Portfolio to enhance and protect asset value, meet investment objectives, oversee key asset management initiatives with investment partners. This person will interact extensively with the SVP, Investment team as well as other senior leaders in the company.

Responsibilities:

Responsible for the operation and performance of multiple MHC assets within the US Portfolio
Work with regional property managers and investment partners to develop comprehensive asset strategies to include: construction & development, leasing, home sales, inventory management, revenue management, property improvements, capital structure and hold/sell analysis based upon financial analysis, market analysis and valuation reporting
Provide financial and investment partner operational oversight at the property and portfolio level to ensure the economic viability of the properties and manage risk
Supervise annual budget process with investment partners, internal analyst resources and property managers to include presenting and implementing annual business plans and budgets
Analyze and compare current and historical financial reporting against key metrics and underwriting; prepare quarterly updates on investment performance to include progress on strategic initiatives and comparison to budget and development underwriting
Understand competitive positioning relative to rents, lease terms and overall occupancy; monitor market trends in value, cost and supply / demand fundamentals working with Research.
Continually monitor the investments and work with the property manager as required to continually review portfolio for opportunities to add or create value and identify opportunities for acquisition / disposition and make recommendations accordingly
Help and participate in various projects as required by the portfolio managers and help ensure portfolio managers are provided with information and analysis on assigned assets
Assist with professional development, training and mentoring of other team members

Education & Qualifications:

Bachelors Degree; preferably in Finance, Accounting, Business Real Estate, or a related discipline. MBA/CFA/CPA preferred
Minimum 7 years+ institutional level asset management experience, ideally within the manufactured housing sector. Experience in different geographies is preferred but not essential.
Successful record of accomplishment and demonstrated experience with analyzing complex operational issues and executing strategies to achieve results and mitigate / manage risk
Travel to visit assets in various geographies as well as becoming an expert in markets or sectors
Advanced user of excel, Word, Outlook, and PowerPoint.
Demonstrated budgeting skills including Yardi or similar application is a plus
Strong analytic and financial skills; attention to detail and organizational skills
Excellent oral and written communication skills with the ability to clearly, and concisely, communicate to internal teams & external stakeholders
Ability to prioritize workload and handle competing priorities and deadlines
Self-starter with the ability to independently complete projects and anticipate next steps

#LI-CD1

Note to Recruiters: QuadReal does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to QuadReal, directly or indirectly, will be considered QuadReal property. QuadReal will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for engaged services to submit resumes.

QuadReal will provide reasonable accommodation at any time throughout the hiring process for applicants with disabilities or for those needing job postings in an alternate format. If you require accommodation, please advise the Talent Acquisition team member you are working with and include the following: Job posting #, your name and your preferred method of contact.

Asset Management

Login to Apply