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Director, Asset Management

Avenue Living25 days ago
Calgary, Alberta
Senior Level
Full-Time

Top Benefits

Group benefits plan with GRSP matching and discretionary bonus
Employee referral rewards program
Paid time off for volunteerism

About the role

Avenue Living Asset Management is dedicated to sourcing, analyzing, and strategizing long-term investments. Our unique approach has led to rapid growth across North America now representing one of Canada’s largest alternative asset managers. Since 2006, we have acquired over $9 billion in assets under management across a variety of sectors throughout Canada and the USA. Our various funds include assets in multifamily residential, self-storage, commercial, as well as agricultural land.

The strength of our platform lies in working with the right people. Acting with integrity and employing an entrepreneurial mindset, our employees work together to create an exciting, dynamic workplace. By employing an active hands-on approach to asset management, our skilled and innovative team operates closely alongside our investors. We’re disciplined, we focus on value, and we’re informed experts. We pride ourselves on our diverse and inclusive workplace; we are a unique workplace with unique people.

Reporting to the SVP, Canadian Asset Management, this role is responsible for the financial performance and strategic direction of the regional multifamily portfolio. The Director of Asset Management will play a critical role in shaping asset strategy, driving operational excellence, and maximizing long-term value for their properties. We’re seeking an experienced residential asset manager who brings deep understanding of multifamily market dynamics, strong analytical capabilities, and proven success improving asset-level performance.

WHAT WILL YOU DO?

  • Develop, review, and recommend annual operating and capital budgets in alignment with asset plans; ensure regional objectives support corporate goals and track budget-to-actual performance throughout the year. Conduct income statement and balance sheet forecasting as required.
  • Monitor and evaluate asset performance by reviewing key financial and operational metrics, and provide strategic recommendations to optimize results.
  • Maintain accountability for property-level financial performance, partnering with property management to drive revenue, manage controllable expenses, and strengthen operational efficiency.
  • Work closely with property management teams to provide clear direction, support budget stewardship, and ensure consistent execution of operating strategies across the portfolio.
  • Lead asset-level due diligence for acquisitions, collaborating with investments, financing, property management and capital teams to ensure seamless transactions.
  • Partner with insurance, treasury, property management, and capital projects teams to develop and execute investment and value‑creation strategies
  • Oversee property tax appeal strategies and guide non‑controllable expense management in collaboration with tax, energy, insurance, and risk stakeholders.
  • Conduct regular site visits to engage with local teams, perform property inspections, and validate operational execution (less than 25% travel).
  • Cultivate and strengthen relationships within the industry and across the organization, positioning yourself as a recognized expert in multifamily asset management.
  • Contribute to broader team and organizational priorities, embracing additional responsibilities as part of an agile culture.
  • Other duties as required.

WHAT WILL YOU NEED?

  • Progressive experience within a real estate company, investment bank, private equity firm, brokerage or lender.
  • A comprehensive understanding of real estate cycle is required.
  • University degree with concentration in finance, accounting, commerce, or related field. Holding or working towards a CFA, MBA, CAIA, CPM, CPA, or relevant professional designation is a plus.
  • Strong analytical and problem-solving skills are essential.
  • Proven explementary communication and presentation skills with comfort in explaining analytical details in a clear way.
  • Demonstrated ability developing and sustaining cooperative working relationships.
  • Ability to thrive in a fast-paced environment, handling multiple demands and competing priorities while embracing new ideas and constant changes.

WHAT DO WE OFFER?

  • We live and breathe our core values. We go the extra mile. We’re honest. We always have each other's back. We have tons of integrity. And we always own it and adapt – no matter the challenge.
  • With the support to do things differently, grow personally and professionally, and bring your whole self to work, there's no limit to the impact you can make.
  • We provide a competitive compensation package composed of a group benefits plan, GRSP matching, and a discretionary bonus program. In addition, Avenue Living also offers an Employee Referral Program that rewards active employees for successful referrals.
  • An employee centric culture with paid time off for employer supported volunteerism, a generous awards and recognition program, discounted monthly rent in Avenue Living Communities’ properties, and employee and savings program savings through industry partnerships.
  • We are committed to a strong, safe work environment.

What makes us different makes us stronger. We want Avenue Living to be a great place to work for everyone; where people feel safe, included, inspired, trusted, and supported so they can be, and bring, their best. We're committed to creating a respectful and inclusive workplace where unique perspectives, experiences, backgrounds, cultures, and attributes are valued and utilized to help achieve better results. As an organization with operations across different geographies, we celebrate the fact that our workforce is made up of people with diverse demographics. We are committed to ensuring our workplace is fair, equitable, and free of discrimination and harassment. Should you require accommodation to participate fully in the recruitment process, please email peopleandculture@avenueliving.ca .

About Avenue Living

Real Estate

Avenue Living is one of the largest private real estate owner-operators in Western Canada. Since 2006, Avenue Living has consolidated over $6 billion in assets under management across various asset classes, risk profiles, and primary/secondary markets in Canada and the United States. Our multi-family division has more than 18,000 doors throughout the North American Heartland. Our self-storage fund owns and operates 8 million square feet of self-storage space across North America. Our agriculture funds have 80,000 acres under management.

Above all, we are an operations-first asset manager. Our selective investment approach aims to create long-term value, preserve capital, and drive compelling returns for investors through a variety of investment offerings. To date, Avenue Living is the proud steward of more than $2.9 billion in equity capital. Our experienced management team specializes in identifying and acquiring underperforming real estate assets. We then stabilize the assets through hands-on management and targeted value-add initiatives. Since 2006, we have built a significant portfolio of assets that aims to generate solid returns for our investors and provide safe, comfortable homes for our residents.

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