Executive Portfolio Manager

7 days ago

Vancouver, British Columbia, Canada Third Space Properties Inc. Full time

Company Overview:

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About Third Space Properties Inc.

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Third Space is a Vancouver-based landowner and real estate developer with a strong commitment to social and environmental impact. Their mission is centered around their "Triple Ps": People, Planet, and Profit. This approach drives them to make meaningful contributions to the community through sustainable practices, below-market housing, and maximizing occupancy in income-producing properties.

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The company boasts a dynamic and diverse portfolio of sixteen income-producing properties strategically located across Greater Vancouver, comprising industrial, office, and multifamily properties. They are driven by ambitious goals, including building below-market homes, achieving net-zero environmental impact, and expanding their Income-Producing Properties (IPP) portfolio, which boasts an impressive 99% occupancy rate. With five active development projects across Greater Vancouver, Third Space continues to grow and evolve.

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Job Summary:

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Third Space is seeking an experienced Executive Portfolio Manager to lead the operations of its Income-Producing Properties (IPP) portfolio. This is a fantastic opportunity for a seasoned professional to join a purpose-driven company at the forefront of sustainable real estate.

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Key Responsibilities:

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As an Executive Portfolio Manager, you will be responsible for optimizing financial performance, ensuring high property standards, and enhancing tenant satisfaction. Your duties will include:

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  • Overseeing all IPP capital improvements and select tenant improvement projects.">
  • Leading daily operations, including property management, building operations, and leasing.">
  • Establishing and regularly updating property operating policies and procedures in alignment with BOMA standards.">
  • Ensuring building safety and performing regular property risk assessments and fire safety plans.">
  • Developing and implementing sustainability initiatives aligned with company goals, supported by the Net Zero and Planet Impact team.">
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Financial Management & Performance:

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You will oversee the preparation and execution of annual operating and capital budgets, partnering with the Property Accounting team. Additionally, 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.

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Asset Strategy:

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You will collaborate with the market intelligence team to identify growth opportunities and manage risk. This role requires strategic thinking and effective decision-making to drive business growth.

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Tenant Engagement:

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As part of this role, you will conduct annual customer engagement surveys, taking action on feedback to enhance tenant satisfaction. You will also organize tenant appreciation events and initiatives to build a positive tenant community.

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Residential Leasing:

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You will create and administer policies to drive high occupancy levels and seamless leasing processes. Your responsibilities will include overseeing all aspects of residential leasing, from marketing and property tours to tenant screening and lease execution. You will lead the leasing and marketing strategy for new residential and mixed-use projects in collaboration with the Sales & Marketing team.

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New Project Support:

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You will advise the Development team on project design, including suite layouts, building systems, and common area requirements. You will participate in development planning to ensure smooth project transitions from construction to operation. Additionally, you will prepare proforma operating budgets for new projects and oversee the handover of completed projects to Asset Management.

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Requirements:

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To be successful in this role, you will require:

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  • 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 certifications are an asset.">
  • Strong leadership and team management skills with a demonstrated ability to mentor, motivate, and develop team members.">
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Salary:

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This role offers a competitive salary range of $120,000 - $180,000 per year, commensurate with experience.

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Benefits:

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In addition to the salary, this role includes a comprehensive benefits package, including medical and dental coverage, retirement savings plan, and generous paid time off.

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Location:

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This position is based in Vancouver, BC, and requires the ability to work in a fast-paced environment with a focus on delivering results-oriented solutions.

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Contact Information:

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Please note that this is not a solicitation for contact information. All applications should be submitted through the designated HR channel.

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