Capital Projects Manager

Forum Asset Management – Manager, Capital Projects

Location: On-site, Toronto

Work Schedule: Full-time, in-office/on-site (5 days/week)

About Forum
Delivering Extraordinary Outcomes through Investment.

Forum Asset Management is a North American investor, developer, and asset manager with a 28-year track record of delivering long-term value through real estate, private equity, and infrastructure investments. We are a purpose-driven firm committed to sustainability, responsible investing, and making a positive impact in the communities where we invest.

With over $3 billion in AUM, Forum is one of Canada's most dynamic investment platforms. In 2024, we completed the country's largest real estate transaction through our acquisition of Alignvest Student Housing, making us the largest owner and developer of Purpose-Built Student Accommodation (PBSA) in Canada. Our open-ended Real Estate Income and Impact Fund (REIIF) is now over $2.4 billion, backed by a $3.5 billion development pipeline that spans coast to coast.

REIIF Overview
Forum Real Estate Income and Impact Fund (REIIF), Forum's flagship private REIT, is a sector-leading Fund investing in institutional-quality purpose-built student housing, as well as multi-family rentals and furnished apartments, in supply-constrained markets across Canada.

Launched in December 2021 with gross assets totalling $200M, REIIF ended 2024 at ~$2.4B of gross assets. REIIF has grown through its access to Forum's proprietary development pipeline and through the recent acquisition of Alignvest Student Housing REIT. REIIF's portfolio includes 31 assets spanning coast to coast, making it the largest owner of Purpose-Built Student Accommodations (PBSA) in Canada.

Forum is a values-led, high-performance organization. We embrace agility and innovation, and we strive to foster a team culture grounded in integrity, collaboration, humility, and results. Our growth is fueled by our ability to identify structural real estate themes and deliver strategies that balance income, impact, and long-term value creation.

Position Overview
We are seeking a dedicated Capital Project Manager to join our dynamic team. This role will be pivotal in overseeing strategic capital planning, budgeting, and execution for our portfolio, ensuring alignment with organizational objectives and compliance standards. You will work closely with various stakeholders to optimize capital expenditures and implement ESG-focused initiatives.

Key Duties And Responsibilities
Capital Planning and Analysis:

• Develop and implement capital improvement strategies to enhance property value and operational efficiency.
• Conduct detailed analyses to identify and prioritize capital investment opportunities.

Project Management

• Manage all phases of project lifecycles, from planning and permitting to execution and close-out.
• Ensure projects are completed on time, within budget, and meet quality standards.

Vendor And Contractor Coordination

• Build and maintain strong relationships with vendors and contractors.
• Manage material specification updates and perform cost/market analyses to drive best value sourcing and lifecycle performance
• Oversee contract negotiations and manage vendor performance to ensure project specifications are met.

Budget Management

• Prepare and manage comprehensive future capital expenditure budgets.
• Track actual-to-budget expenditures and provide variance reports to senior management.
• Responsibilities to include the management of unplanned escalated repairs as required and providing cost saving strategies to maintain overall budget

ESG Initiative Implementation

• Lead the integration of ESG (Environmental, Social, and Governance) principles into all capital projects.
• Ensure projects adhere to sustainability and ethical standards, fostering long-term benefits for the community and environment.

Candidate Profile

• 10+ years project manager experience in capital project management
• Technical diploma in Construction, Building, Civil or Architecture or civil engineering degree
• Previous experience in the multi-family sector is necessary
• General understanding/usage of Yardi or another Property Management System (PMS) is required
• Knowledge of Procore & Bluebeam or another project management system is an asset.
• Understanding of construction and project management principles
• Familiarity with quality and health and safety standards
• A clear and direct communication style and strong negotiation skills
• Excellent organization and time-management skills
• High attention to detail and accuracy
• Strong work ethic and style that will excel in an environment of accountability
• A team player with leadership abilities and problem-solving skills
• Excellent oral and written communication skills
• Track record of extracurricular and community involvement
• Thrives in a high paced working and deadline driven environment

At Forum, we encourage diversity. We are committed to an inclusive workplace that reflects our belief that diversity is central to building a high-performing team. Forum is an equal opportunity employer. We are committed to providing accessible employment practices. Should you require an accommodation during any phase of the recruitment process, please let the recruitment team know