Director, Real Estate

6 months ago

Vancouver, Canada Vancouver Fraser Port Authority Full time

**JOIN US IN CHARTING A COURSE TO A MORE SUSTAINABLE FUTURE**

Join an organization that plays a critical role in Canada’s economy. At the Vancouver Fraser Port Authority, we focus on doing the incredible work it takes to become the world’s most sustainable port.

The Vancouver Fraser Port Authority is responsible for the stewardship of the Port of Vancouver, Canada’s largest and most diversified port. Our mandate as a Canada Port Authority, as set out by the Canada Marine Act, is to enable Canada’s trade objectives, ensuring goods are moved safely and responsibly through the Port of Vancouver. That means providing infrastructure and ensuring the safe and efficient movement of marine traffic and cargo within the port. It also means we carry out reviews of proposed activities and developments on federal port lands and waters to determine whether a project can go ahead without impacts to the environment and community that cannot be mitigated.

We are committed to diversity, inclusion, and sustainability. We believe in creating a workplace that reflects the richness of our community and empowers all employees to reach their full potential.

The **Director, Real Estate - Leasing and Property Management** is responsible for providing direction, leadership, and management, based on corporate vision, mission, values and objectives, and in line with the Canada Marine Act and VFPA’s Letters Patent, for all aspects of the real estate leasing and property management function assigned to the Real Estate division. The Director builds strong and constructive relationships with VFPA tenants while ensuring VFPA and its subsidiary real estate holdings are managed efficiently and effectively. The director ensures returns from real estate assets are achieved in line with market and/or corporate targets and that new real estate assets and property rights are acquired to support the expansion aspirations of existing tenants. The director is also responsible for the timely remittance of Payments in Lieu of Taxes (PILT) to neighboring municipalities.

The responsibilities of the Real Estate - Leasing and Property department complement and are often interdependent upon the responsibilities of VFPAs Real Estate - Investment and Partnerships department and staff from one department may be assigned to projects and initiatives led by the other department.

**What you do**:

- Direct the day-to-day administration of VFPA and subsidiary real estate holdings, including negotiation of leases, concessions, and other tenure agreements, rent reviews, contract amendments and consents.
- Ensure VFPA and its tenants comply with contractual obligations while maintaining healthy business relationships.
- Ensure leasing of land holdings is aligned with corporate objectives for financial returns and strategic use while minimizing risk to VFPA.
- Develop and maintain a rental strategy across the real estate portfolio on a strategic and operational level.
- Liaise with other VFPA departments on property and infrastructure development strategies and leverage opportunities with existing tenants to grow port capacity through development of land assets including shared investment where appropriate.
- Ensure VFPA land and built assets are well managed and maintained while generating appropriate returns.
- Direct the effective and timely remittance of PILT to neighboring municipalities to meet regulatory requirements.
- Provide leadership, management and direction to the department including developing staff, preparing annual corporate and operating plans, preparing and managing annual revenue and expense budgets as well as capital plans for real estate acquisitions and projects.
- Work with other departments, develop and implement effective land management policies, procedures and projects that optimize VFPA’s returns from its real estate assets and deliver consistent and equitable real estate administration practices and processes to all tenants, customers and where applicable, stakeholders.
- Participate in the management of VFPA through development and implementation of policies and strategies relating to real estate through budgeting, planning, and committee activities so as to meet the requirements of the VFPA Corporate Plan, Strategic Objectives and Strategic Initiatives.

**What you bring**:

- Appropriate university degree preferably in business, real estate, or planning, coupled with a minimum of 8 years of senior management level experience in commercial property management, real estate acquisition, and leasing.
- Extensive experience leading and developing a team of specialized, commercial real estate professionals.
- Extensive experience directing and managing all aspects of real estate administration, including negotiation of leases, rent reviews, concession and tenure agreements, contract amendments and consents.
- Experience developing and executing leasing and rental strategies that optimize financial returns whilst aligned to

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