Associate, Asset Management, Residential

Associate, Asset Management, Residential

Quad Real Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, Quad Real has expanded its capabilities to invest in equity and debt in both the public and private markets. Quad Real invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.

We are actively searching for an Associate, Asset Management, Residential (New York City) with primary focus on the U.S. This role will provide key support to Quad Real’s multifamily assets—including but not limited to: developing and executing asset strategy plans to enhance value, increase returns, and position assets for growth. This position will also require close collaboration with Valuations, Portfolio Management and Investment teams, and working on a variety of projects with senior leadership.

The successful candidate will provide leadership in developing, executing, and managing key business processes in the direct investment portfolio to position the platform for optimal growth and scalability. The role will report to the Vice President, Asset Management, Residential, and will be based in New York City.

• Lead the development and execution of comprehensive asset strategies including leasing, operating & capital budgeting, property improvements, risk management, and hold/sell analysis
• Work closely with third-party property managers and partners to oversee leasing and marketing strategy, operating expense management and capital needs of the property
• Oversee the annual budget process and internal analyst team
• Analyze and compare current and historical financial reporting on key metrics against underwriting and budget
• Aggregate asset-level data and prepare in conjunction with Portfolio Management, monthly, quarterly, and annual reporting for clients, senior management (as required)
• Monitor property managers' performance for compliance with annual budgets and business plans, and prepare quarterly updates on asset performance, including progress on strategic initiatives
• Assist in monitoring development and capex projects including closeout procedures with oversight by in-house development team
• Prepare hold/sell analyses, and property performance updates, evaluate financing scenarios and other investment decisions in conjunction with the Investment team
• Assist in furthering asset management initiatives to streamline and standardize operations, reporting, and key databases
• Collaborate with the Investment teams in the due diligence process for new investments and asset dispositions regarding underwriting assumptions (market rent, rent growth, expenses, capital expenditures, etc.)
• Liaise with research and investment teams to stay current on local market dynamics and understand its impact on how each asset is positioned in its respective market.
• Develop in-market relationships with service providers to understand each asset's competitive positioning relative to rents, lease terms, vacancy, supply/demand fundamentals, and operating costs
• Travel to assets to meet with onsite property management teams, brokers, and strategic partners

• Education– bachelor’s degree; preferably in Real Estate, Finance, Economics, Accounting or a related discipline with strong academic credentials and a passion for real estate. Master’s degree in real estate or pursuit of additional coursework is a plus.
• Experience – Minimum 3+ years of asset management experience in the real estate industry. Demonstrated experience in analyzing complex investment issues and developing and executing investment strategies to achieve results and mitigate risk. Prior US multifamily residential asset management experience preferred.
• Analytical – Strong financial acumen with advanced modeling proficiency in Excel; detail-oriented and proficient in analyzing financial statements;
  Ability to analyze complex data across an array of disciplines to provide…