Asset Manager
RioCan REIT
Total years of experience :13 years, 1 Months
• Prepare, update and execute on strategic Asset Management Plans for assets within the portfolio.
• Maintain a portfolio of properties including the vetting of annual budgets & analysis of monthly financial statements.
• Reforecast budgets and cash flows on a monthly basis.
• Liaise and provide support to joint venture partners including creation of monthly reporting packages, quarterly statistics and lease approval packages.
• Collaborate with the VP, Asset Management and other members of the Asset Management department to ensure consistent and comprehensive management of the overall RioCan portfolio.
• Provide pre-budget and post-budget support to the Leasing department. Underwrite all lease transactions and recommend acceptable deals to upper management and partners.
• Monitor and provide oversight of the assets within the portfolio, collaborating with all departments involved with the projects (i.e. Leasing, Accounting, Operations, Investments, Development, and Construction when appropriate) and lead asset specific update meetings as required.
• Identify and recommend areas of potential value enhancement, innovation and risk control.
• Extensively work on expropriations from start to finish with the City, external and internal counsel to successfully drive the transaction.
• Working alongside Environmental Risk on the portfolio to identify and mitigate contamination on site and mitigate any environmental risks at play.
• Successfully managing portfolios for different clients across Real estate asset classes. Monitoring NOI, capital gains, leasing and preparing memorandums as per requirements.
• Responsible for calculating the returns across the portfolios.
• Direct strategic operations, lease negotiation, capital improvements, and tenant coordination for Class A office, industrial Mixed-Use properties.
• Lead Office, Industrial & retail team (with my Manager) in leasing and development, annual budgets, business plans, quarterly reports, & appraisals.
• Seasoned financial analyst; responsible for assessing & scrutinizing the valuations of assets and providing constructive recommendation to the clients for optimizing the asset for capital gains.
• Part of developing strategies for maximizing the portfolio returns.
• Responsible to provide presentations on Annual plans and strategies to clients to take better business decisions.
• Diligently tracking NOI and Operating costs on a month-to-month basis across the portfolio.
• Support senior leadership in negotiating lease renewals and add value gain to the asset by taking an analytical approach.
• Collaborate with Development team, PM, Investments and Leasing teams while working on cross functional projects.
• Coordinate COVID negotiations, deferral requests and amending agreements for portfolios situated in East Canada (Montreal & GTA).
• Training and mentoring junior team members and assigning projects and ensuring timely completion.
• Working alongside Sustainability and environmental team to assist clients in reaching their ESG goals.
Selected Transaction Experience
• 82MM disposition multi-tenant office building situated in financial core
• 78.5MM disposition multi-tenant office building situated in financial core
• 66.7MM disposition of retail shopping mall situated in GTA
• Working exclusively on Rogers account, managing a wide portfolio of commercial, retail, and network leases across Canada.
• Supporting the client needs of quality review and management of lease abstractions and critical dates, with support on clients access to data across their portfolio to enable them make strategic real estate decisions.
• Experienced in interpreting and extracting data from commercial, retail and network leases.
• Abstracting and interpreting lease related documents (lease, amendments, subleases).
• Resolution of rent and other landlord/tenant issues.
• Reviewing and interpreting lease documents and providing assistance to the account receivable team to ensure accurate setup of leases in the accounting system for purposes of billing tenants.
• Portfolio size is ~11, 000 leases, abstracted over a record 6 months time.
• ~1.3 million data fields abstracted comprising over 130 unique data fields of which particularly worked on rents, CAM charges and taxes.
• Tracking and maintaining critical dates, logs and reporting strategic oversight over portfolio.
• Other special projects as assigned by manager.
• New client acquisition - Responsible for getting new business, lead generation, relationship management, account management and execution.
• Responsible for bringing in 10% of new clients in total to the firm and achieving beyond targets.
• Successfully completed and worked with some of the biggest clients like IndiaReit, CPP investments, RERA, Standard Chartered, TATA Global Beverages, Monsanto, Marriot Hotels, F1 Hotels, Air India, Bain Capital, Etc.
• Handled variety of valuation projects during my tenure (~1.5 Million sq Ft of Hospitality sector, ~2.2 Million sq Ft of Retail sector, ~7.7 Million sq Ft of Commercial Sector and 4.2 Million sq Ft of Residential sector).
• Financial analysis - prepared detailed financial analyses for effective decision making involving high value- investments.
• Accomplishments: Worked on a portfolio restructure, generated about ~INR40 million in savings over 10 years for the Client, while the other resulted in savings of about ~INR1.5 million in savings over 5 years.
• Extensively worked on capital planning, financial models, cost depreciation of buildings, feasibility studies, project risk assessment, business cases, research, report writing, market analysis, mapping, strategic planning, presentations, preparation of proposals and engagement letters.
• Effectively interact with stakeholders, brokers, local players and government officials to obtain information valuable for projects.
• Worked closely in analyzing and forecasted pricing and development potential for some of the top construction projects in India.
• Financial analysis- prepared detailed financial analysis for effective decision making involving high value- investments.
• Responsible for reviewing tracking and analyzing market transactions for valuations exercise.
• Extensive experience in reviewing technical documents including construction plans, AutoCad, Real estate leases, legal documents etc.
• Individually driving site visits Land/Commercial/Residential/Hospitality) on a regular basis, documenting property physical conditions and keeping a keen eye towards the project to provide valuable insights into the project.
• Strategic planning of projects involving construction phasing, sales velocity and revenue generation of the property for residential, commercial, retail and Hospitality sector.
• Extensively involved in market research and assessment involving site visits, collecting market information/data on real estate developments (residential, commercial / office, retail, hotel, industrial, etc.) interacting with developers, market sources and in-house transaction team members of other business verticals.
• Individually driving site visits on a regular basis and keep a keen eye towards the project to provide valuable insights into the project.
• Strategic planning of projects involving construction phasing, sales velocity and revenue generation of the property for residential, commercial, retail and Hospitality sector.
• Closely work with the Manager and team members in executing consulting assignments involving real estate market research, valuation advisory and development advisory services.
• Closely work with the Project Manager for data analysis, mapping, financial analysis and report writing.
• Received an award as a StratcCon Superstar for performance and service delivery in successfully closing an assignment worth INR 2.5 Million.
• Coordination of safety and quality throughout all underlying projects.
• Establishing work plans, budgets and appropriate staffing for internal and external project phases.
• Ensured Health and safety regulations were followed at all times on all sites.
• The application of engineering technical knowledge to ensure all projects complied with national engineering standards, policies, codes and design instructions.
• Assisted in the evaluation of construction methods and the cost effectiveness, plans and completion times.
• Job involving testing on building materials, Pre-stressed concrete elements and conducting ultimate plate load tests.
• Exposure to mix design studies for concrete.
• Learnt methods of evaluating ground stability for safe construction.
• Reviewing the project in-depth to schedule deliverables, procurement and cost estimation.
• Visual inspection on ground to make sure construction work is adhered to the plans.