Harrison Street is seeking a Vice President in the North American Asset Management group, based in its growing Toronto office. This position will report to a director on the team and will be responsible for direct oversight of an evolving portfolio that initially may consist of senior housing and student housing assets. The composition of the portfolio will evolve as new investments are made, and will include ground up developments, redevelopments, and operational properties across Canada. Currently, Harrison Street’s Canada Alternative Real Estate Fund has committed to approximately $2.1 billion CAD of transactions since launching in 2021 across the country.

Responsibilities:

• Develop and execute asset-level business plans, with responsibility for NOI value creation, debt refinancings, JV partner exits and future asset dispositions


• Oversee wholly owned and joint venture investments, as well as the respective third-party property management and operating partner relationships


• Responsible for development of annual operating and capital budgets, and for ongoing monitoring of financial performance and debt covenant compliance


• Lead regular meetings with property managers and operating partners to review leasing performance, operating results, and market conditions


• Maximize cash flow and value creation through effective revenue management and achievement of operating expense efficiencies


• Prepare necessary Internal Memorandums regarding key decisions and/or capital calls and present toInvestment Committee for approval


• In conjunction with Asset Management Analyst/Associate support, perform financial modeling, lease analyses, property valuations, JV waterfall calculations, etc.


• Alongside construction consultants, oversee the execution of ground up development and redevelopment projects to ensure on-budget and on-schedule completion






• Review and approve quarterly third-party appraisal reports in collaboration with Portfolio Management team


• Assemble and review economic, demographic, and other market information for each asset area


• Develop and maintain relationships with leasing and investment sales brokers and other local knowledge sources to monitor market conditions


• Support the Transactions team in underwriting recent investments, operating partners, and property managers


• Support Canadian ESG initiatives in collaboration with the Canadian Director of Asset Management and Chicago-based Impact team


• Maintain and monitor key department and firm schedules


• Contribute to the development and improvement of existing financial tools, models, templates and processes


• Actively mentor, train, and guide the career development of more junior professionals on the team


• Other duties as assigned

Requirements:

• 8+ years of applicable real estate asset management experience


• Outstanding interpersonal and communication skills, both oral and written


• Ideally experienced in both commercial and senior or student housing sectors. Alternatively, a quick study and eager to learn new asset classes


• Confidence and maturity to represent Harrison Street externally


• Excellent financial and analytical skills; proficiency in Excel required, and Argus preferred


• Shows the ability to work both independently and collegially in teams


• Highly motivated and organized self-starter


• The position requires periodic travel to property locations across the country (~20-30%)

Harrison Street is proud to be an equal opportunity employer committed to diversity and inclusion in the workplace and is an affirmative action employer. All qualified applicants will receive consideration for employment without regard to veteran status, uniform service member status, race, color, religion, sex, national origin, age, physical or mental disability, genetic information, or any other protected class under federal, state, or local law.