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Real Estate Asset Manager
1 month ago
The City of Abbotsford is seeking a highly skilled Real Estate Professional to manage the City's land assets, negotiate leases, and acquire and dispose of property in service of the City's immediate and long-term real estate requirements and Land Strategy.
The successful candidate will have demonstrated experience in complex real estate transactions, possess strong interpersonal and negotiation skills, and a solid understanding of land valuation methods. Excellent written and verbal communication skills are a necessity, as well as the ability to prepare and present reports to City Council.
This role requires frequent interaction with both internal and external customers on a wide range of real estate related topics in respect of City owned real estate assets. The position contributes to the administration of a diverse portfolio of commercial, industrial, and residential real estate assets with the goal of ensuring sustainable, market supported revenue sources for the City of Abbotsford to drive the City's ambitious Strategic Plan.
Key Responsibilities:
- Manage the City's land assets, including negotiating leases and acquiring and disposing of property.
- Develop and implement the City's Land Strategy, ensuring alignment with the City's Strategic Plan.
- Provide expert advice on real estate matters, including property valuation, market trends, and lease agreements.
- Build and maintain strong relationships with internal and external stakeholders, including property owners, tenants, and real estate professionals.
- Prepare and present reports to City Council, including market value analyses and lease agreements.
Requirements:
- Experience in the Real Estate Industry and training in Real Estate Appraisal.
- Demonstrated knowledge and understanding of property valuation techniques, current real estate values, market trends, leases, licenses, statutory rights of way, easements, covenants, expropriation, and contract law.
- Ability to successfully facilitate tactful discussions and negotiations with property owners or their representatives, manage tenants, build relationships with realtors, business and legal representatives, contractors, consultants, appraisers and with both internal and external customers.
- Ability to prepare market value analysis for the purchase or lease of land as required.
- Excellent analytical and communication skills coupled with the ability to think critically and solve complex problems.
- Ability to build strong cross-departmental relationships with staff and perform work with minimal supervision.
- Ability to manage a budget and reconcile actual operating costs with budgeted operating costs in relation to lease contracts.
- Flexible and adaptable with the ability to handle a complex workload with changing priorities.
Preferred Qualifications:
- Appraisal Institute of Canada (AACI) or Real Estate Institute of British Columbia (RIBC) designation.
- International Right of Way Association (IRWA) certification.
