Real Estate Analyst, Asset Management

Please send a cover letter along with your resume to David Ward, SVP Asset Management, and cc Stacy Hardy.

About the position

Canadian Urban Limited (“Canadian Urban”), an institutional real estate investment manager, has an exceptional track record of consistently delivering returns that exceed industry benchmark performance. Our proactive and agile management style is backed by data-driven research and analytics, which ensures effective asset allocations within our portfolios. Since 1971, our success has been founded upon trust-based relationships with our staff and external stakeholders. We concentrate on enhancing the value of our commercial real estate assets for the benefit of our investors and the communities we serve.

To continue to meet our investment and overall growth objectives, Canadian Urban is seeking to hire a Real Estate Analyst, Asset Management. Canadian Urban offers the successful candidate the opportunity to work collaboratively as a member of the Asset Management team to manage and grow our existing commercial real estate portfolio across Canada.

The position reports directly to the Senior Vice-President of Asset Management and will support the executive team on the continuous management of an active real estate portfolio. This position is available in either our Edmonton or Markham offices.

Remuneration will be based on the candidate’s level of experience.

Responsibilities

Assist with the creation and ongoing maintenance of strategic asset plans for each property in assigned portfolio
Seek out and capitalize on opportunities to improve revenues and reduce expenses through market – and data analysis
Provide analytical support for new lease and renewal negotiations, and contemplated capital enhancement projects
Prepare timely evaluation of prospective tenant’s financial creditworthiness and NER calculations
Develop and implement tenant and market risk profiles for asset and portfolio analysis
Assist the Asset Managers in preparing the annual business plans for our funds
Assist in sourcing and coordinating annual budget information and reforecasts for leasing and capital budgets
Contribute to the completion of quarterly reporting, including property-level financial, operational, leasing market commentary, leasing performance, sustainability initiatives, and any other relevant information
Assist with a variety of miscellaneous projects requiring financial decisions such as redevelopment and re-leasing analysis, hold/sell analysis
Review monthly and/or quarterly financial statements at the property and portfolio level to track and analyze overall performance
Create, improve, and manage various internal reporting & analytics with the goal of improving decision-making
Assemble economic, market, and industry research and conduct trend analysis for various Canadian markets and real estate sectors
Identify, recommend, and implement property-level value enhancement within the portfolio
Use Argus Enterprise and Microsoft Excel as a tool to review appraisers’ property valuation models, to underwrite lease deals, and to perform scenario analysis
Prepare presentations for investment committee, senior management and/or clients
Build relationships with brokers, appraisers, property, leasing, development managers, and other stakeholders
Other such work as determined by the Asset Managers.

Qualifications

Minimum 2-5 years of relevant commercial real estate industry experience, preferably within the areas of asset management, acquisitions, development, or leasing
Undergraduate or graduate degree in Business, Economics, Finance, or Real Estate
Strong analytical/quantitative skills and attention to detail
Strong knowledge of, and experience with, financial modeling and analysis tools including Argus Enterprise and Microsoft Excel
Knowledge of financial concepts (IRRs, NPVs, NERs)
Team player with strong time management, critical thinking, writing, and interpersonal skills
Self-starter attitude matched with an ability to organize, multi-task, and prioritize to meet critical deadlines and work in an agile, entrepreneurial environment
Strong work ethic with a willingness to learn and develop as a real estate investment professional
CPA, CFA, AACI, or similar designations preferred
A well-rounded and diverse understanding of the Canadian real estate market, with experience in a wide variety of asset classes and geographic sub-markets