Associate or Vice President, Portfolio Management

BGO is a leading, global real estate investment management advisor, real estate lender, and a globally recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. For more information, please visit www.bgo.com.

The Opportunity:

We are hiring an Associate or Vice President, Portfolio Management who will be directly responsible for overseeing the strategic vision and maximizing the financial performance of the properties in their portfolio. More specifically:

• The successful candidate will be responsible for a diverse GTA based portfolio of assets which may include industrial, office, retail, and multi-residential income producing real estate assets, development/entitlement, and re-development projects.
• The role includes the need to build and maintain strong working relationships with the BGO Real Estate Management team (property management & leasing, development, sustainable investing, etc.), while ensuring fiduciary responsibilities are met. To achieve this, the successful candidate will make recommendations with respect to asset and portfolio strategy and will lead the implementation of best-in-class ESG initiatives.
• The job title and portfolio complexity/size will be determined based on the applicant’s relevant work experience. Please indicate which role you are applying for in the application.

The role will be based out of 1 York St., Toronto, and will be reporting to the Principal, Portfolio Management. The candidate is expected to be in the office four days a week, on average.

What You Will Do:

• Integrate client strategic objectives with asset recommendations, including value-add or defensive capital initiatives and hold/sell decisions based on a thoughtful, comprehensive risk-return analysis.
• Prepare annual strategic asset plans and, where applicable, a development or re-development plan, monitoring progress and reporting on them to the Portfolio Manager.
• Assess existing assets for opportunities to densify, enhance income, and protect and grow asset value. You will implement and oversee asset-level strategies to further these crucial opportunities.
• Utilize your strong financial modelling skills to support recommendations and decisions.

Operations Oversight:

• Provide high level oversight of all elements of property and portfolio performance including leasing parameters, rent collection, and capital programs.
• Support the Real Estate Management team with timely approvals of lease transactions and capital expenditures as required. Provide thoughtful insights and direction that ensure strategic goals are consistently met.
• Develop overall strategies based on an ongoing review and knowledge of market conditions in conjunction with annual property plans and communicate priorities to leasing representatives and property managers.
• Assess lease transaction impact on property valuations via Argus modelling.
• Carry out on-site reviews of the assets at least 2-3 times per year, and more frequently when assets require additional attention.
• Assist the Portfolio Manager as requested; this may include special reports, tours of assets, market information, recommendations, etc.
• Ensure that all properties comply with operating guidelines and policies.

Presentations and Reporting:

• Report significant activity including occupancy, capital programs, development progress, financial performance, and any other items of note.
• Review ongoing property and financial reports.
• Provide reviews and advice as required for the quarterly appraisal/valuations process.
• Create or refresh Annual Asset Plans for each property that sets out overarching strategy and key imperatives for each asset in the portfolio.

Acquisitions & Dispositions:

• Develop and present recommendations regarding the sale of assets that no longer meet client strategy.
• Drive the disposition of assets by providing full property information adequate for preparation of the broker review and preparation of market sale materials.
• Review and comment, ensuring accuracy, on all sale materials. Remain an active resource on the transaction.
• Collaborate with the Investments team throughout the sale marketing and transaction process providing insightful contributions that enhance realized value from the asset.
• Vice President role only: Work alongside the Investments team on identified acquisition targets by engaging as part of the assessment and due diligence teams. Lead the asset handoff process for new acquisitions from the Investments team to the Portfolio Management and Real Estate Management teams.

Development (as applicable):

• Assess markets and collaborate with the Development team to determine development and entitlement opportunities, including the creation of master plans, building design, proformas, and approval memorandums.
• Prepare presentation and recommendation materials for the Portfolio Manager, and Investment Committee(s).
• Ensure that a proper planning process is in place and that the approved plan is executed.
• Complete a closing development project report, citing all relevant project details, performance, returns, valuations in reference to the original approved development plan.

Sustainability:

• Embrace and proactively support BGO’s culture of environmental and social responsibility.
• Take active accountability and ownership to reinforce asset initiatives aimed at achieving sustainability targets.
• Collaborate with other stakeholders to identify opportunities for best-in-class sustainability initiatives that will propel client objectives of achieving Net Zero targets, enhancing GRESB scores and social impact priorities.
• Provide ideas for enhanced sustainability performance for the portfolio, with focus on maintaining and enhancing client priorities to ensure best-in-class portfolio sustainability scoring.
• Assess development and acquisition opportunities for compliance with client sustainability objectives.
• Be a key strategic thinker in the ESG space.

Other Duties:

• Participate in and support department and corporate initiatives to streamline workflows and enhance working culture and success on behalf of our clients.
• Work collaboratively with internal company resources and support teams respecting their expertise and responsibilities.
• Other duties, as assigned.

Who You Are & Other Information:

• Eager to ignite our company's spirit as a culture champion, embracing and embodying our dynamic values: Focus on What Matters, Be the Change, Do the Right Thing, and Together We Win!
• Vice President: 7+ years of work experience in the real estate industry, preferably asset management, portfolio management or similar, spanning multiple asset classes.
• Associate: Minimum 3 years of work experience in the real estate industry.
• Excellent interpersonal skills; comfortable (Associate) and experience (Vice President) presenting to senior executives.
• Exceptionally strong knowledge of real estate financial valuation techniques/methodologies and current trends impacting Canadian commercial real estate.
• Able to develop and sustain cooperative working relationships; display respect and embrace people across the broad spectrum of identity; self-motivate, convey professionalism and flexibility; committed team player; reliable; ability to exercise sound judgment and confidentiality.
• CFA Charterholder, MBA, or similar, would be considered an asset.
• This role will be accepting applications until end of day November 25th, 2024.

At BGO, we recognize that each employee’s unique experiences, perspectives, and viewpoints strengthen our ability to create and deliver the best value to our clients, partners, and stakeholders/investors. Therefore, we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientations, and life experiences to apply to our career opportunities.

BGO is committed to equitable hiring practices, and we welcome the opportunity to discuss accommodation and ensure fairness and equity in our hiring process. If you require accommodation, please email us at *************@bgo.com and include: Job posting number, your name and your preferred method of contact.

We thank all applicants for their interest in employment with BGO (Canada) LP, however only those selected for an interview will be contacted.