Real Estate Portfolio Director
16 hours ago
We are seeking an experienced Director of Property Management to join our team at Third Space Properties Inc. This is a rare opportunity to lead the operations of our Income-Producing Properties (IPP) portfolio and drive strategic growth for our business.
About Us
Third Space Properties Inc. is a Vancouver-based landowner and real estate developer committed to social and environmental impact. Our company focuses on sustainable practices, below-market housing, and maximizing occupancy in income-producing properties. We boast a dynamic and diverse portfolio with sixteen income-producing properties strategically located across Greater Vancouver, including industrial, office, and multifamily properties.
About the Role
As our Director of Property Management, you will be responsible for overseeing the daily operations of our IPP portfolio, including property management, building operations, and leasing. You will establish and regularly update property operating policies and procedures in alignment with BOMA standards, ensuring building safety and performing regular property risk assessments and fire safety plans. Additionally, you will develop and implement sustainability initiatives aligned with our company goals, supported by the Net Zero and Planet Impact team.
Financial Management & Performance
You will oversee the preparation and execution of annual operating and capital budgets, partnering with the Property Accounting team. You will set and track IPP performance goals, including revenue growth and expense management. You will also coordinate with external brokers for annual property insurance renewals and lead property assessment evaluations.
Asset Strategy
Collaborate with the market intelligence team to identify growth opportunities and manage risk. Conduct annual customer engagement surveys, taking action on feedback to enhance tenant satisfaction. Organize tenant appreciation events and initiatives to build a positive tenant community.
New Project Support
Advise the Development team on project design, including suite layouts, building systems, and common area requirements. Participate in development planning to ensure smooth project transitions from construction to operation. Prepare proforma operating budgets for new projects and oversee the handover of completed projects to Asset Management.
Requirements
7+ years of experience in property management, with an emphasis on managing complex portfolios. 5+ years of experience specifically managing residential properties. Proficiency with Yardi and other property technology platforms. A Bachelor's Degree in business or a related field; RPA, CPM) are an asset. Strong leadership and team management skills with a demonstrated ability to mentor, motivate, and develop team members.
Salary Estimate: $120,000 - $150,000 per year, based on industry standards and location.
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