Montcrest Asset Management Overview Montcrest Asset Management ("Montcrest") is a Toronto-based private equity real estate firm focused on identifying, acquiring, developing, and actively managing value-add opportunities. Established in 2012, Montcrest partners with high-net-worth and institutional investors to pursue compelling, risk-adjusted returns across multiple asset classes, including residential, industrial, self-storage, and commercial assets. With a hands-on, execution-driven approach, Montcrest manages projects internally from acquisition and due diligence through development, asset management, and realization, with a strong focus on opportunities in the Greater Toronto Area.
Position Summary The Development Manager will work alongside the Chief Development Officer and Vice President, Developments. The successful candidate will manage projects from acquisition and due diligence through planning, approvals, design, construction, leasing, and final delivery, with a focus on mid-rise and high-rise residential developments. This role is based in Toronto, Ontario.
Responsibilities and Expectations: Lead residential development projects from acquisition and due diligence through planning, approvals, design, construction, leasing, and final delivery
Evaluate prospective acquisitions, coordinate due diligence, and support financial feasibility and sensitivity analyses
Manage consultants, contractors, and internal stakeholders to keep projects on schedule, on budget, and aligned with business objectives
Prepare and manage project budgets, cash flow forecasts, schedules, and development proformas
Coordinate planning approvals, rezoning, site plan applications, permits, and other municipal processes
Oversee the construction process, including quality control, site inspections, issue resolution,



and contract/payment administration
Work closely with leasing teams and external brokers to support leasing strategy and execution at appropriate stages of the project
Liaise with municipalities, approval authorities, community stakeholders, and partners to advance projects efficiently
Prepare and present project updates, risks, and recommendations to senior leadership
Help establish and improve development and construction processes, standards, and best practices
Perform other related duties as required
Qualifications Minimum five years of real estate development experience, with demonstrated responsibility for managing projects from acquisition through construction completion, leasing, and delivery
Direct experience with mid-rise and/or high-rise residential projects is required
Post-secondary degree in Architecture, Engineering, Planning, Finance, or a related field is an asset
Strong understanding of financial analysis, including pro formas, cash flow forecasting, NPV, IRR, and return analysis for development projects
Solid knowledge of the development process, including acquisitions, entitlements, design coordination, construction management, leasing, and project close-out
Working knowledge of planning, entitlement, and municipal approval processes within the Greater Toronto Area, including rezoning, official plan amendments, site plan approval, and building permit processes
Solid analytical, organizational, and problem-solving skills
Advanced proficiency in Microsoft Excel, PowerPoint, and Word; Argus is an asset
Established relationships with consultants, contractors, trades, and other industry stakeholders are an asset
Ability to work effectively both independently and collaboratively in a fast-paced environment
Excellent communication, leadership, and stakeholder management skills

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📌 Development Manager (Ontario)
🏢 Montcrest Asset Management
📍 Ontario