The Asset Manager (AM) will be responsible for ensuring that the assets under their management meets or exceeds the targets outlined in the asset plans. In completing the former, the AM will be responsible for client reporting, financial analysis, identification and implementation of value-add opportunities, communication to 3rd party property management companies, creation of annual operational and capital budgets, preparation and implementation of marketing strategies, and ongoing communication with stakeholders and service providers. The AM will assist in acquisitions/dispositions and financing activities, creation of asset plans, train and mentor analysts, and participate in other day-to-day activities as required by the various stakeholders.

Responsibilities:

Asset Plan Execution:

• Evaluate performance of the assets vis-à-vis the individual asset plans, and recommend and implement revisions as necessary
• Complete full financial review and analysis on a quarterly basis and as needed
• Set annual operational and capital budgets in accordance with asset plans
• Prepare leasing and marketing strategies to maximize the income profile and value of each property, supported by market-based comparables and competitive information
• Review and provide approval of capital projects. Monitor progress of projects to ensure timely completion and quality control
• Provide direction to 3rd party property management companies regarding day-to-day management and operational activities
• Engage appropriate 3rd party providers for design-related capital projects; direct, review, and approve design projects for implementation with capital projects team
• Attend property tours on a quarterly basis, at minimum

Reporting:

• Prepare, review, and present quarterly reporting to the Client(s)
• Prepare ad hoc reporting as reasonably requested by the Client(s)
• Create business/asset plans for new acquisitions
• Manage property tax appeal processes

Value Add Opportunities:

• Identify value creation opportunities
• Recommend and implement such programs with assistance from capital projects teams and/or 3rd party property management companies

Relationship Building:

• Assist with acquisitions, dispositions, and financing transactions
• Coordinate due diligence activities with other departments and/or third parties
• Manage investor/client relations activities
• Liaise with other internal departments and team members regarding value-add opportunities and special projects (i.e. energy initiatives)
• Ensure compliance to conditions set in place by financial institutions/lenders, municipalities and other governing bodies (i.e. TSSA, ESA). Provide updates and direct activities to correct any deficiencies
• Organize and lead property tours with Client and other stakeholders
• Conduct other day-to-day relations with third parties, including property managers, suppliers, joint ventures, lenders, brokers, consultants, advisors, accountants, lawyers, insurers, appraisers, and regulatory bodies

Experience:

• Degree in Business, Urban Development, and/or a related field; MBA or professional designation an asset
• 5+ years of experience in real estate or a related field
• Experience in the multi-residential sector considered an asset
• Strong time-management, prioritizing, and multi-tasking skills and ability to meet tight timelines
• Excellent oral and written communication skills
• Excellent organizational, analytical, and problem solving skills
• Strong interpersonal skills, works well with others

What You Will Offer:

• A demonstrated alignment with Starlight’s mission, vision and core values (Impact, Inclusivity, Integrity and Ingenuity)
• A solid understanding of Starlight’s business and objectives
• A desire for personal and organizational growth
• A driver of positive impact and organizational change
• A passionate and collaborative attitude

Who We Are:

Starlight Investments is a leading global real estate investment and asset management firm. Established in 2011 and privately owned, Starlight has grown to a dynamic team of 360+ professionals who manage over $28 billion of direct real estate and real estate investment securities.

Offering a range of investment vehicles across various real estate strategies, we are a developer and asset manager of over 77,000 multi-residential suites and over 9 million square feet of commercial property space. Holding Canada’s largest portfolio of multi-family assets, we have a strong focus and commitment to creating a positive impact for our communities. To learn more about Starlight, please visit our company website www.starlightinvest.com. For a real time, view of our news, announcements and initiatives, follow us on LinkedIn.

What We Offer:

• Diverse multi-generational workforce
• Competitive and equitable compensation
• Employer matching Group Retirement Savings Plan
• Comprehensive benefits packages
• Health and lifestyle spending accounts
• Maternity leave top up
• Leadership and mentorship programs
• Career growth and advancement opportunities
• Investment opportunities in Starlight funds
• Hybrid work environment and seasonal office hours
• Annual Companywide volunteer day (Impact Day)
• Award-winning Environmental Social Governance (ESG) Strategy
• Personal and Cultural Days
• Designated CPA Training Facility

Pay Transparency:

The compensation structure is comprised of a base salary that is based on factors such as experience, education, designations, and skillset. It also includes a discretionary annual performance bonus tied to weighted performance targets and company performance, medical/dental benefits, healthcare spending accounts, tiered employer matching group retirement savings plan and parking/Presto allowance. Other benefits include maternity top up, investment opportunities in the company’s funds, summer office hours, annual company-wide volunteer day and many more. This posting is for an existing vacancy within our organization. Canadian work experience is not required for this position. We welcome applicants from all backgrounds.

Equal Opportunity Statement:

We are an equal opportunity employer. We are committed to providing equal employment opportunities in all our practices, without regard to race, colour, religion, sex, national origin, ancestry, marital status, age, disability, sexual orientation, gender identity or expression, or any other protected category. Applicants must be legally authorized to work in the country for which they are applying, and employment eligibility will be verified as a condition of hire.