Job Details
Manager or Director of Investments, Real Estate

About This Position

Manager or Director of Investments, Real Estate

Overview of Forum

Founded in 1996, Forum is a purpose-driven Alternative Asset Manager, Investor and Developer across North America, with a focus on real estate and private equity. Forum works with its partners to achieve aggressive growth through innovation and consistent performance as a top-tier alternative asset investor. Forum oversees approximately C$1.6 billion enterprise value in assets under management and has transacted over $3B of investments since inception.

We pursue value-added and opportunistic investments, often with an element of recurring or contracted revenue that facilitate optimal capital structuring. We see these opportunities in sectors including real estate, building services, alternative energy, infrastructure and specialty finance – and we’re constantly looking for new and interesting market niches in which to invest.

Forum is an entrepreneurial team working together towards a common goal of achieving Extraordinary OutcomesTM.  Our core strengths are our agility, creativity and social responsibility. We encourage our employees to grow by empowering them with challenging work and abundant opportunity. We have a culture that emphasizes collaboration, open communication, continuous learning, humility and integrity. We are committed to building a diverse and inclusive team that reflects the values of our firm – impact, integrity, diversity, innovation and high performance.

Forum’s real estate business is going through a transformational phase with a new Partner and team in place to take on a growing number of ground up development and adaptive reuse projects across Canada, with a target of $300-$400M in annual pipeline.

The firm is raising its first real estate fund focused on core-plus stabilized assets in the multi-family sector.  Forum’s Fund Gross Asset Value is expected to be over $2B by year 5.   The fund will hold Forum’s pipeline of development assets once stabilized and will also acquire existing multi-family assets throughout Canada, with a focus on impact and ESG.

 

Position Overview

On behalf of Forum Equity Partners, we are seeking a Manager or Director, Investments to join their Real Estate Investment Team.   This role reports to the Partner of the Real Estate business.

The successful candidate will be a highly motivated team player with a strong financial acumen and prior experience at a real estate private equity shop or an investment banking firm. This driven individual will have a desire to work with a dynamic team and contribute to an exciting and growing platform.

How to Apply

Should your skills and experience match the requirements of this position, and you wish to engage in our recruiting process, please forward your resume and cover letter to recruiting@forumequitypartners.com 

We regret that only qualified candidates will be contacted.

Key Duties and Responsibilities

  • Be accountable for the quality and accuracy of all asset level, portfolio level and fund level financial models
  • Contribute to capital management and capital raising efforts on both a fund and asset level developing cash flow analysis, presentations, investor packages, financing packages, etc.
  • Work with the asset management team and development team to update project and portfolio level pro-formas quarterly
  • Oversee and contribute to the financial due diligence presented to the Investment Committee on new acquisitions and existing projects
  • Work with various members of the real estate team to undertake due diligence on new acquisitions and development projects
  • Ensure appropriate work plans created to support objectives of the Real Estate team
  • Lead and create a framework for data intelligence including market, asset-class research, providing frequent updates to relevant team members
  • Coordinate and review quarterly asset valuation process with asset management team

Candidate Profile

  • Minimum of 5 years (manager) and 7 years (director) of experience in real estate in a high-volume, fast-paced environment (investment banking, capital markets, active buy-side private equity)
  • University Degree in Commerce, Business Administration, Engineering, Mathematics, or a related field required
  • A CFA designation is required and a Masters is preferred
  • Direct experience working on income producing and development assets, ideally in multi-family
  • Experience modelling highly structured capital stacks, complex waterfalls, and portfolio consolidations/roll-ups
  • Highly analytical with commercial judgement
  • Is considered an expert in overseeing and presenting financial due diligence
  • Strong financial analysis and technical skills with experience in Argus, Excel
  • Ability to thrive in a fast paced, dynamic environment with multiple competing priorities
  • A highly engaged professional who will get involved to achieve priorities of the Real Estate Investment Team
  • Leadership skills with a track record of being an effective mentor
  • Actively contribute to a high-performance culture and team operating under time-sensitive deadlines
  • Proven ability to problem solve effectively and adept at presenting complex information clearly and concisely
  • Demonstrates strong communication (verbal and written) and interpersonal skills
  • Ability to develop and maintain effective working relationships internally across the organization and externally
  • An entrepreneurial mindset combined with a desire to be successful in a team culture
  • A successful track record in working with stakeholders of multiple disciplines

When to Start

Start: Immediately