Director of Asset Management

  • Location: Toronto, Ontario
  • Type: Permanent
  • Job #1132

We are recruiting on behalf of a real estate development firm for a Director of Asset Management position within their Multi-Family Division. As a member of the multi-family asset management team, the Director is tasked with driving performance for their assets under management, working on more complex investments, and ultimately serving as the multi-family expert in the respective markets assigned.

Key Responsibilities:

  • Drive investment strategy, value creation and outperformance through direct oversight of property operations, leasing and capital deployment
  • Measure and monitor asset performance against a variety of benchmarks including; client objectives, pro-forma metrics, budget and market comps
  • Perform regular market visits and property inspections for assigned assets; travel required
  • Work collaboratively with JV partners and service providers while best serving Invesco's interests
  • Actively engage in the appraisal and internal valuation process to ensure accurate results
  • Develop, review and implement annual business plans
  • Perform acquisition due diligence in collaboration with acquisitions, underwriting and engineering
  • Assess prospective commercial tenants' businesses and credit worthiness, and recommend leases for execution in mixed-use investments
  • Develop and maintain knowledge regarding capital markets activity in the region
  • Provide ongoing feedback to Portfolio Management on market dynamics and asset performance
  • Review and approve required client reports in final form
  • Develop and foster productive working relationships with property management companies, brokers and industry peers
  • Establish credibility both internally and externally as one of Invesco's multifamily asset management experts
  • Serve as an active member of the national multifamily team, sharing best practices and shaping platform initiatives

Qualifications:

  • Minimum of 8 years real estate experience preferred in one or more of the following disciplines: Asset Management, Acquisitions, Underwriting, Appraisal, Financial Analysis or Property Management
  • Undergraduate degree is required; advanced degree a plus
  • Previous experience with US Multi-Family Portfolio required
  • Broad understanding of the operational and investment fundamentals of institutional real estate
  • High proficiency with Excel and Word
  • Results oriented with a sense of urgency