Director, US Asset Management

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Director, People and Culture at Avenue Living Communities

Company Overview
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 $6 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.
What We Are About
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.
WHAT WILL YOU DO?

• Participates in formulating the annual business plan for the assigned multi-family properties by establishing revenue, expense, NOI and other key financial and operating targets, developing the annual capital and operating budgets, and formulating strategies that drive operations and financial performance of the portfolio.
• Leads execution of annual business plans and budgets, rate plans and compensation structures for each asset.
• Reviews, monitors, and reports on portfolio performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly portfolio/performance reports.
• Works with the capital projects team to plan for rehab and other capital improvements, and reviews and monitors progress on existing project to ensure on-time and on-budget completion.
• Supports capital projects team with development of procedures to ensure renovation premiums are achieved and recorded.
• Leads and executes the implementation of revenue-enhancing and expense containment's programs and initiatives at the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence in the operation of the communities.
• Informs and develops best practices and continuously reviews existing processes.
• Oversees 3rd party vendor reviews and prop tech rollouts.
• Communicates with and closely interacts with the third-party property management firms to monitor the daily operation of the portfolio.
• Directs and schedules routine site visits and inspections, within the asset management team and the 3rd party property management firms.
• Reviews weekly leasing, occupancy, and revenue reports, addressing policies, procedures and compliance issues and developing strategies and programs that maximize the performance of the portfolio.
• Underwrites select investment opportunities alongside the Director, Investments and leads due diligence process, monitors pertinent dates, and makes recommendations on portfolio development inside and outside of established markets.
• Manages and oversees compliance with the established debt providers, develops and provides reports to the investment principals.
• Direct and develop gathering of market, economic, and capital trends and factors impacting the performance of the multi-family portfolio, prepares and delivers presentations and updates to investment principals.
• Other duties as required.
  
  

WHAT WILL YOU NEED?

• Bachelors degree in finance, real estate, or accounting.
• 5+ years of progressive experience in multifamily real estate.
• Proven track record of driving improvements in NOI, occupancy rates, and overall asset value.
• Skilled in financial modeling and underwriting for capital projects and investment strategies.
• Strong project management skills, including planning, resource coordination, risk mitigation, and performance tracking.
• Experienced in developing and delivering executive-level presentations and reports.
• Strong background in mentoring and developing junior team members to support team growth and performance.
  
  

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, 401K 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 .
#ALAM123

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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