Manager, Real Estate

Neighbourly Pharmacy is seeking a Real Estate Manager to join our team! The Real Estate Manager is responsible for the strategic management of a leased corporate real estate portfolio. This role oversees all aspects of transaction management, CAM and TAX Audits, landlord relations, strategic planning, and portfolio optimization. The position also works closely with internal stakeholders (Operations and Finance), external brokers, landlords, legal counsel, and Facilities Management to ensure the organization's real estate portfolio aligns with business objectives while maximizing value and minimizing risk.

Compensation listed is a starting point only and will be determined based on candidate experience.

Key Responsibilities:

Portfolio Management

• Manage transactions for a growing portfolio of leased retail pharmacy locations across Canada.
• Develop and execute portfolio strategies that support organizational growth, operational requirements, and financial objectives.
• Track critical dates to ensure proactive decision-making.
• Conduct regular portfolio reviews and recommend consolidation, expansion, renewal, relocation, or disposition opportunities.

Lease Administration

• Oversee lease administration activities including lease abstraction, critical date management, and operating cost reconciliations.
• Ensure lease documentation is accurate, complete, and maintained within the organization's lease management system.
• Ensure landlord compliance with contractual obligations.

Transaction Management

• Lead real estate transactions primarily for lease renewals, extensions, expansions, sublet, terminations, and new lease acquisitions.
• Support negotiations of lease terms and conditions to achieve favorable business outcomes.
• Partner with legal counsel to review and finalize lease agreements, extensions, and amendments.

Financial Management

• Working with Finance team, develop annual real estate budgets and forecasts.
• Review and approve rental payments, operating expenses, property tax recoveries, and landlord reconciliations.
• Analyze real estate costs and identify opportunities for cost savings and portfolio efficiencies.
• Prepare business cases and financial analyses for real estate transactions and strategic initiatives.

Stakeholder Management

• Act as the primary point of contact between the organization and landlords, property managers, and brokers
• Collaborate with business units to understand operational requirements and space needs.
• Provide real estate expertise and recommendations to leadership teams and all internal business partners.

Reporting and Analytics

• Develop and maintain portfolio dashboards, reports, and key performance indicators (KPIs).
• Analyze market trends, lease expirations, occupancy metrics, and financial performance.
• Provide regular portfolio updates and recommendations to Senior Leadership.

Qualifications:

Education

• A degree in Real Estate, Business Administration, Finance, Urban Planning, Property Management, or a related field.
• Professional designation such as CPM, RPA, FMA, CCIM, or equivalent is considered an asset.

Experience

• 3-5 years of progressive experience in commercial real estate, corporate real estate, or lease administration.
• Experience managing multi-site leased portfolios.
• Demonstrated experience negotiating commercial leases and managing real estate transactions.
• Experience working with external brokers, landlords, legal counsel, and consultants.

Knowledge and Skills

• Strong understanding of commercial leases.
• Knowledge of lease accounting and financial analysis.
• Experience with lease administration and lease accounting platforms (REAL, Lucernex, SAP).
• Strong negotiation, analytical, and problem-solving skills.
• Excellent communication, stakeholder management, and presentation skills
• Proficient in the use of Microsoft Excel, PowerPoint, and Microsoft Office applications.
• Ability to manage multiple projects and competing priorities in a fast-paced environment.

While all responses are appreciated, only those being considered for interviews will be acknowledged.

All employment is decided based on qualifications, merit, and business need. We are an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all job applicants, employees, patients, and customers. Accommodation is available upon request for applicants with disabilities in the recruitment and assessment process and when hired. Candidates must be legally eligible to work in Canada.