Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Our work is grounded in a clear purpose: to provide knowledge-based organizations with distinctive urban environments that support creativity, connectivity and human wellness.
Our vision is more expansive. We seek to make a continuous contribution to cities and culture that elevates and inspires the humanity in all of us. This vision informs how we operate, how we design and how we lead.
Real estate, for us, is not a passive investment. It is a profoundly human endeavour, one that must promote wellness, sustainability, diversity and creativity—today and for generations to come.
Allied is also a place to build a career of consequence. If you are looking for work that is thoughtful, tangible and enduring—work that contributes meaningfully to cities and the people who inhabit them—you will find purpose here.
For more information on Allied’s approach to city-building, visit our Insights page.
Purpose of the Role
Responsibilities
- Complete in-depth testing of property valuations through detailed review of Argus models provided by external appraiser. Assess for accuracy and reasonability including review of minimum rent, additional rent, and area to rent roll within the ERP system.
- Review and assess valuation measures included in Argus models such as general vacancy, estimated credit loss, structural reserve, additional capital expenditures and capitalization rates. Compare to internal policies with application of professional judgement and provide recommendations for adjustment where necessary.
- Review and validate contractual inputs in Argus valuation models to lease documentation and system generated reports to provide comfort over accuracy & reliability of data.
- Review and analyze the assumptions used in Argus valuation models to internal leasing data to assess reasonability including rental rates, leasing costs, and net effective rent (NER)while comparing to recent deals or market estimates.
- Review of market data and published market reports to assess validity of assumptions and drafting documentation to support valuation assumptions used.
- Drafting responses to audit inquiries on valuation and investment properties.
- Collaborating, organizing, and supporting the external appraiser in providing them with required information to support the appraisal process.
- Completion of various audit schedules supporting the Investment Properties section of the Balance Sheet including Investment Properties Continuity, Inventory, and control schedules.
- Supporting the development team in the preparation of capital disclosures in the Management’s Discussion & Analysis (MD&A).
- Review and tie out numbers and explanations in the MD&A and ensuring adequate support.
- Provide accurate variance analysis of changes in fair value and book value.
- Review and update in conjunction with the Manager, Valuations the control matrix, and valuations calendar,
- Analysis of various valuation alternatives and estimated financial impact to provide support in an organized way to present to senior leadership any decision alternatives with recommendations.
- Organization, coordination and presentation of valuation discussions with other teams including leasing, development, construction, and operations to update assumptions where applicable.
- Rollover of budgeted expenses and review of major variances on an annual basis.
- Support the lease reporting process and the treasury/tax functions as required.
- Review on an ad hoc basis valuation assumptions related to financing, potential acquisition/disposition transactions as required, and HST purpose-built self assessment appraisals and provide commentary where required.
- Various analysis of decisions on fair value impact to properties to provide support to Portfolio Operations team as required.
Qualifications
- University degree or equivalent.
- 1-2 years of experience in the field of commercial real estate or valuations.
- Strong interest in the field of commercial real estate, accounting & finance.
- An assertive self-starter with the ability to work independently or under supervision.
- Collaborative worker; effective member of a team; good team-building skills.
- Good judgment and decision-making skills; problem solving.
- Demonstrates resilience, passion and commitment to deliver and be accountable for the results.
- Analytical and employs the use of critical thinking skills.
- Able to effectively communicate both verbally and in writing.
- Must be proficient in Microsoft Excel and Word.
- Experience with Yardi Voyager 7S or Argus Enterprise is an asset.
- Experience with Property Accounting and CAM/TAX Recoveries is an asset.
At Allied, total rewards are designed with the same perspective that shapes our operations. They are intended to support sustained contribution, creativity and a genuine sense of ownership in the work we do.
In practice, this includes:
Shared financial success and an ownership mindset
Eligible employees participate in performance-based bonus programs and a retirement savings program, with the option to invest in traditional funds or Allied units. This approach aligns individual effort with Allied’s long-term performance and reinforces a sense of ownership at every level of the organization.
Intentional presence and time off
In addition to vacation, employees receive six personal days and half-days before statutory holidays. Allied supports flexibility while maintaining a strong, in-person culture. This reflects how we collaborate most effectively and how we operate as a business.
Health, wellbeing and support
Comprehensive, company-paid health benefits include vision and dental coverage, along with a healthcare spending account. An employee assistance program is available to provide confidential support when it is needed.
Growth through leadership and exposure
Allied believes in leadership at every level. Employees are encouraged to contribute beyond the boundaries of their role, collaborate across disciplines and develop a broad understanding of the business. For those drawn to real estate, this includes uncommon exposure to how buildings, organizations and cities evolve through hands-on experience and shared responsibility.
Professional development grounded in practice
Learning at Allied is both formal and experiential. Ongoing professional development and a mentorship program support growth through structured learning and day-to-day engagement with experienced colleagues across the organization.
Purpose and connection beyond work
Each year, employees are provided with a paid volunteer day to contribute time and effort to a cause that is personally meaningful to them, reflecting our belief that contribution extends beyond the workplace.
If you are motivated by the role real estate plays in shaping cities and culture, and want your work to contribute to that effort, we encourage you to apply.
More insight into life at Allied, including our ESG and EDI initiatives, can be found in our annual ESG report.
*Temporary or contract roles may not qualify for all the benefits listed, and some roles may follow a modified total rewards structure. We will confirm what benefits you qualify for during the recruitment process.
We value human connection and experience. While Allied uses technology, including AI-enabled tools, to support administrative efficiency, all screening, assessment and hiring decisions are made by people.
We are committed to hiring the most qualified candidates with a dedication towards supporting diversity, equity and inclusion across our organization. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, origin, sexual orientation, disability and socioeconomic background. Diverse perspectives strengthen our organization and help us deliver better outcomes for our tenants, partners and communities. All qualified candidates are encouraged to apply.
We strive to provide an accessible recruitment experience and welcome reasonable accommodation requests at any stage of the recruitment process. Please reach out to [email protected] if support is needed.
We look forward to receiving your application.
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Allied Properties REIT Toronto, Ontario, CAN Office
134 Peter Street,, Toronto, Ontario , Canada, M5V 2H2
