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Montrose Property Holdings Ltd. | Chief Financial Officer Search
Update: Search successfully completed, position has been filled!
Montrose Property Holdings Ltd. (Montrose) is a privately held business headquartered in Richmond, B.C. with a wholly owned subsidiary, Ecowaste Industries Ltd. (Ecowaste). Montrose was originally part of mining and industrial giant, Graymont Limited. Montrose was spun-off in 2015 with a mandate to develop some of the land owned by Ecowaste into long-term sustainable real estate.
The President of Montrose has been with the company since 2020 and was recently promoted to President from Chief Financial Officer (CFO). Over the next few years, there will be significant expansion of the overall business, which will require very complex financing and cash management. Montrose is seeking their next Chief Financial Officer (CFO) who will have a keen interest in both sides of the business and be able to assess investment IRRs, manage relationships with lenders (particularly insurance and pension fund lenders), and lead debt financings. This leader will bring experience in real estate development, or the property management industry, and have overseen real estate assets in a significant sized portfolio, preferably within a REIT or public company. The CFO will also oversee financial reporting, deal with the shareholders, and have proven experience managing and reducing property tax liabilities for a large real estate portfolio.
Mission Association for Seniors Housing – Executive Director Search
Update: Search successfully completed, position has been filled!
Mission Association for Seniors Housing (“M.A.S.H.” or the “Society”) was established in 1999 and is an organization that is made up of several non-profits in Mission, BC that are concerned about the lack of affordable housing for seniors in the community. M.A.S.H. currently owns and operates two properties – The Cedars and Cedar Valley Manor. In addition, M.A.S.H. also provides administration and property management for Welton Towers, which and is owned by a partner member, the Mission and District Senior Citizens Housing Association. The fourth project, newly opened in 2021, is the Boswyk Apartments, a partnership between M.A.S.H., the City of Mission, and BC Housing, with M.A.S.H. as the operator.
The Board is seeking an Executive Director (“ED”) with proven leadership skills, preferably in the senior’s non-profit housing sector with an understanding of assisted living. They will have a passion for seniors and a commitment to providing exceptional service and supporting tenants. Since the organization has experienced recent growth, the new ED will need to ensure the right organizational structure is in place to support current operations and future growth. he ED will be a highly effective leader and administrator with good financial and business acumen and the ability to develop effective relationships with a wide range of stakeholders. Exceptional communication and interpersonal skills, and the ability to deal with conflict are necessary. Experience engaging with BC Housing and their tenants, and developing long term capital plans is also desired.
United Floral Holdings Ltd. – Chief Financial Officer
Update: Search successfully completed, position has been filled!
United Floral Holdings Ltd. (UFH) owns a large multi-tenant industrial property in Burnaby and through its subsidiary United Floral Inc., distributes flowers, supplies, and giftware to floral businesses, growers, wholesalers and grocery stores. The company was established in 2015 as a result of the reorganization and separation from United Flower Growers or UFG– an Agricultural co-op. At that time UFH was formed as a “for profit company” and not part of the co-op.
Over the past few years, UFH has grown significantly, and this growth is expected to continue both organically and through acquisitions. As a result, the organization wants to elevate the knowledge and skill level of its next Chief Financial Officer (CFO) so they can provide financial oversight of a larger business and be a potential succession candidate for the Chief Executive Officer (CEO) when he retires within the next few years.
Reporting to the CEO, the CFO will provide strategic and executive leadership as a member of the leadership team in the development, implementation and achievement of the company’s strategic plan. The ideal candidate will have a university degree coupled with a CPA designation, and at least seven years of financial leadership experience in a growth-oriented company. M&A experience is considered an asset.
American Hotel Income Properties REIT LP | Board Director
Update: Search successfully completed, position has been filled!
Established in 2013, American Hotel Income Properties REIT LP (AHIP or the REIT) is a limited partnership formed to invest in hotel real estate properties located in the USA. AHIP is engaged primarily in growing a portfolio of premium branded, select-service hotels in larger secondary markets with diverse and stable demand generators.
Trading on the Toronto Stock Exchange (TSX), AHIP currently owns 71 premium branded, select-service hotels in 22 states and 48 cities. Over the long term, AHIP’s goals are to build on its proven track record of successful investment, deliver reliable and consistent US-dollar denominated distributions to unitholders, and add value through the ongoing growth of its diversified hotel portfolio.
At a high level, the Board is seeking an individual with deep experience in the legal aspects of real estate investing, including public and private capital markets, M&A, transaction structuring such as joint ventures and limited partnerships, and who will also be able to contribute on a broad range of business issues and provide a strategic perspective, as well as play a role in creating a constructive boardroom style.
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