The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Vice President, Asset Management-Alternatives

Vice President, Asset Management-Alternatives

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
New York
 NY
Postal Code
10019
Country
United States

This job is no longer active.

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 total $67.1 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 companies 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.

 

We are actively searching for a Vice President, Asset Management - Alternatives (New York City or Los Angeles) with primary focus on Student Housing, Manufactured Housing, Data Centers and Self-Storage in the Americas.  The individual will interact with joint venture partners and direct owned Operating Companies to develop and execute asset strategy plans and to enhance value, increase returns and position the assets for growth. This position will also require close collaboration with Global Portfolio Management, Valuations and Regional Investment teams working on a variety of strategic initiatives and will gain exposure to senior leaders within the company. The role will report to the SVP, Development and Asset Management, International and will be based in New York, NY or Los Angeles, CA.

 

Responsibilities

  • Work with the Investment teams and to develop comprehensive asset strategies including construction & development oversight, leasing, property improvements, capital budgeting, risk management, and hold/sell analysis
  • Oversee the annual budget process, internal analyst resources and Investment teams
  • Oversee dispositions process for assets within designated coverage
  • Oversee and validate partner provided quarterly reporting
  • Manage quarterly reporting to Global Portfolio Management of asset level performance
  • Track and respond to 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 with for clients, senior management and BCI (as required)
  • Assist in monitoring development and capex projects including closeout procedures with oversight by in-house Development Director
  • 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 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 7+ years of asset management and/or investment experience in the real estate industry.  Highly preferred experience in real estate alternative asset types (student housing, manufactured housing, data centers).  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 Excel, Word, PowerPoint.  Preferred additional experience with data management and reporting in Excel, Power BI, Yardi, or other revenue/asset management platforms.
  • Relationship – Must be extremely proactive and work well in a collaborative environment, with the ability to take guidance, guide Analyst and Associate team members, and advance prioritized workstreams independently. 
  • Values – Embrace and pro-actively support QuadReal’s values and its culture of environmental sustainability and corporate and social responsibility.

This job is no longer active.

Asset / Portfolio Management Healthcare New York Full Time NY Asset Management, Investment Management, Portfolio Management Vice President, Property Operations other