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 Overview:
We are seeking an Associate for Asset Management in the US Industrial sector, based in New York. This role involves supporting QuadReal’s directly invested portfolio of industrial assets by developing and executing strategic plans to enhance value, increase returns, and position the assets and portfolio for growth. The position requires close collaboration with the Valuations, Global Portfolio Management, and Regional Investment teams, providing significant exposure to senior leaders within the company. The Associate will report to the Vice President of Asset Management, US Industrial.

Responsibilities:

Lead the development and execution of comprehensive asset strategies including, leasing, property improvements, capital budgeting, risk management, and hold/sell analysis
Lead lease transactions through all phases of negotiation and provide reporting for senior management approval
Oversee the annual budget process and internal analyst resources
Analyze and compare current and historical financial reporting on key metrics against underwriting and budget
Aggregate asset management data and prepare in conjunction with Portfolio Management monthly, quarterly, and annual reporting for clients, senior management and BCI (as required)
Monitor property managers performance for compliance with annual budgets and business plans and prepare quarterly updates on asset performance, including progress on strategic initiatives
Assist in monitoring development and capex projects including closeout procedures with oversight by in-house Capital Projects and Development team
Prepare hold/sell analyses, lease approval memos and other investment decisions in conjunction with the Investment team
Assist in furthering key asset management initiatives to streamline and standardize reporting templates including refinement of the asset level master database tenant exposure dashboards etc.
Collaborate with the Regional Investment teams in the due diligence process for new investments and asset dispositions regarding underwriting assumptions (market rent, rent growth, expenses, lease recovery structure, etc.)
Liaise with research and investment teams to stay current on local market dynamics and understand its impact on how each asset is positioned in its respective market.
Develop in market relationships with service providers to understand an assets competitive positioning relative to rents, lease terms, vacancy, supply/demand fundamentals, and operating costs
Travel to assets to meet with onsite property management teams, brokers, tenants, and strategic partners

Qualifications and Experience:

Education– Bachelor’s degree; preferably in Real Estate, Finance, Accounting or a related discipline with strong academic credentials and a passion for real estate
Experience – Minimum 3+ years of asset management experience in the real estate industry. Demonstrated experience in analyzing complex investment issues and developing and executing investment strategies to achieve results and mitigate risk
Analytical – Strong quantitative and analytical skills; detail-oriented and proficient in building and handling complicated data sets. Demonstrated aptitude manipulating large real estate portfolio and asset level data sets. Adept at synthesizing large quantities of information for concise executive level reporting and risk management.
Communication – Excellent communication and presentation skills; demonstrate an ability to effectively communicate and present results that articulate key themes and messages to investment teams, asset managers, and joint venture partners.
Organization – Must be able to allocate time effectively and work under pressure to meet tight deadlines, handle multiple demands and competing priorities, and adapt to new ideas and change. Comfortable following direction but also contributing to the direction.
Software – Proficient in Argus, Excel, Yardi, Word and PowerPoint. Applicable experience with MSCI and data dashboard creation in Excel and Power BI would be an asset.
Relationship – Must be extremely proactive and work well in a collaborative environment, with the ability to take guidance and move projects forward independently to achieve successful outcomes.

The expected annualized base salary range for this role is $135,000 - $145,000 USD.

The actual salary offered will take into consideration a wide array of factors including, but not limited to, the individual’s skill, experience, education and training, the market compensation of the role, and the consideration to internal equity.

QuadReal offers a competitive total rewards package in addition to the base pay, which includes a performance-based incentive plan, comprehensive health & dental benefits, a defined contribution pension plan and paid time off.

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

Leasing

Underwriting

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