Director, US Property Management

Avenue Living Asset Management is dedicated to sourcing, analyzing, and strategizing long-term investments. Our unique approach has led to rapid growth across North America now representing one of Canada’s largest alternative asset managers. Since 2006, we have acquired over $5.5 billion in assets under management across a variety of sectors throughout Canada and the USA. Our various funds include assets in multifamily residential, self-storage, commercial, as well as agricultural land.

The strength of our platform lies in working with the right people. Acting with integrity and employing an entrepreneurial mindset, our employees work together to create an exciting, dynamic workplace. By employing an active hands-on approach to asset management, our skilled and innovative team operates closely alongside our investors. We’re disciplined, we focus on value, and we’re informed experts. We pride ourselves on our diverse and inclusive workplace; we are a unique workplace with unique people.

The Director of U.S. Property Management will oversee a portfolio of multifamily properties managed by third-party management companies. The Director will play a crucial role in optimizing property performance, ensuring operational efficiency, and maintaining high standards and adherence to operating policies. Along with the external management teams, the Director leads the implementation and execution of business plans and evaluates the financial performance of the assets. The role is interdisciplinary and will require close collaboration with internal and external teams. Outstanding communication skills and professionalism are foundation for success in this role. This role reports to the SVP, US Asset Management.

If you like to challenge the status quo and innovate processes – we should chat! We offer a collaborative and supportive working environment in a growing team overseeing a growing portfolio of multifamily properties. You’ll contribute to a lean and nimble team where your input and ideas are valued.

WHAT WILL YOU DO?

Leads formulation of annual budgets and business plans and establishes revenue, expense, NOI and other key financial and operating targets.Communicates with and closely interacts with the third-party property management firms to monitor the daily operations of the portfolio.Develops capital budgets and strategies that drive operations and financial performance of the assets.Reviews, monitors, and reports on portfolio performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly portfolio/performance reports.Monitors execution of capital projects to ensure on-time and on-budget completion.Executes the implementation of revenue-enhancing and expense containment programs and initiatives.Monitors resident turnover and satisfaction indicators, identifies and acts on opportunities to drive operational excellence.Informs and develops best practices and continuously reviews existing processes.Oversees 3rd party vendor reviews and prop tech.Directs and schedules routine site visits and inspections.Makes recommendations for and leads property management transitions.Contribute to a dynamic and agile team culture by willingly embracing additional responsibilities.

WHAT WILL YOU NEED?

Bachelor's degree in Real Estate, Business Administration, Finance, or related field; Master's degree preferred.7+ years of experience in property management, with a focus on commercial and/or residential real estate.Proven track record of successfully managing large portfolios of properties and third-party managers.Strong financial acumen, with experience in budgeting, financial analysis, and performance metrics.Excellent leadership and interpersonal skills, with the ability to effectively communicate and collaborate with internal and external stakeholders.Strategic thinker with the ability to analyze complex situations, identify solutions, and drive results.Knowledge of real estate laws, regulations, and industry best practices.Professional certifications such as CPM, RPA, or CCIM are a plus.

WHAT DO WE OFFER?

We live and breathe our core values. We go the extra mile. We’re honest. We always have each other's back. We have tons of integrity. And we always own it and adapt – no matter the challenge.With the support to do things differently, grow personally and professionally, and bring your whole self to work, there's no limit to the impact you can make.We provide a competitive compensation package composed of a group benefits plan, 401K matching, and a discretionary bonus program. In addition, Avenue Living also offers an Employee Referral Program that rewards active employees for successful referrals.An employee centric culture with paid time off for employer supported volunteerism, a generous awards and recognition program, discounted monthly rent in Avenue Living Communities’ properties, and employee and savings program savings through industry partnerships.We are committed to a strong, safe work environment.

What makes us different makes us stronger. We want Avenue Living to be a great place to work for everyone; where people feel safe, included, inspired, trusted, and supported so they can be, and bring, their best. We're committed to creating a respectful and inclusive workplace where unique perspectives, experiences, backgrounds, cultures, and attributes are valued and utilized to help achieve better results. As an organization with operations across different geographies, we celebrate the fact that our workforce is made up of people with diverse demographics. We are committed to ensuring our workplace is fair, equitable, and free of discrimination and harassment. Should you require accommodation to participate fully in the recruitment process, please email peopleandculture@avenueliving.ca.

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