Manager, Valuations (18 Month Contract)

Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located retail and commercial real estate across Canada. Choice Properties' portfolio spans approximately 65 million square feet of gross leasable area and consists of over 700 properties primarily focused on supermarket-anchored shopping centres and stand-alone supermarkets.

Choice Properties’ strategy is to create value by enhancing and optimizing its portfolio through accretive acquisitions, strategic development and active property management. Choice Properties' principal tenant is Loblaw Companies Limited, Canada's largest retailer. Choice Properties' strong alliance with Loblaw positions it well for future growth.

A commitment to continuous learning and development is a strong part of our culture.

Responsibilities:

• Review and perform industry benchmarking or trend analysis, as appropriate
• Support and maintain valuation models for properties under development
• Other valuation or administrative duties, as appropriate
• Assist in preparation of quarterly IFRS Valuation presentations to senior leadership team
• Support the team in conducting market and industry analysis to evaluate market and economic trends impacting valuation
• Assist with analysis of Net Operating Income on a property-level
• Assist in quarterly financial reporting process as it relates to valuation. Compile supporting documents for auditors, as requested.
• Maintaining Argus models, inputting and modeling - rent rolls, operating expenses, capital expense budgets and amortization, recoveries, etc.
• Maintain and update property valuations, in accordance with IFRS.
• Review Argus models for accuracy and completeness
• Obtain key property information to support valuation assumptions

Qualifications:

• Analytical characteristics and detail oriented
• Strong written & verbal communication skills
• Demonstrated project and/or people management skills
• Have experience working with Argus Enterprise software
• University degree in Business, Commerce or Economics - specialty in Real Estate preferred
• At least 2 years' experience in the commercial real estate industry
• Strong MS Office skills (Excel, PowerPoint, Word)
• Self-motivated, positive attitude and willingness to learn
• Ability to thrive in hybrid work environment
• Knowledge of real estate valuation methodology