Hi, I’m
VIKAS HAMROLL
Brampton,ON
Summary
Experienced leader with strong background in guiding teams, managing complex projects, and achieving strategic objectives. Excels in developing efficient processes, ensuring high standards, and aligning efforts with organizational goals. Known for collaborative approach and commitment to excellence.
Overview
22
years of professional experience
1
Certification
Work History
Co-operators Group Limited
Senior Real Estate Specialist
08.2022 - Current
Job overview
- Skilled in the leadership, management and coordination of domestic and international real estate property acquisition and disposal activities composed of multiple projects in various stages of planning, investigation, negotiation, execution through implementation
- Prepare financial and sensitivity analysis for all transactions and projects
- Develop business justification and recommendations for presentation to user groups and executive management team for approval
- Partner with a wide variety of corporate wide functions like construction and design teams to assist in the development of short and long range real estate requirements
- Assist with the strategic planning for the acquisition and disposition of Corporate owned facilities properties, including financial analysis, market information, offering terms and conditions, marketing materials, contract review, and negotiations
- Review and update real estate best practices, forms and documents and improvements to the real estate database that will improve the quality of real estate delivery
- Develop benchmarking standards, and key metrics and update periodically
- Collaborate with the project and construction management team to oversee conformance to lease requirements such as acquiring landlord consent, negotiating restoration requirements and collection of Tenant Improvement dollars
- Coordinate and collaborate with facility maintenance programs and services for 650 field sites
- Manage current real estate assets with the help of team of Real estate transaction officers and coordinators by taking a proactive approach by anticipating lease renewals and terminations and all critical dates, lowering and auditing operating expenses, handling subleases and collecting sublease rents, coordinating landlord approval of alterations, completing estoppel certificates, paying rents and property taxes on a timely basis, and assisting in property tax appeals
- Maintain excellent relationships with internal customers, senior management, legal, tax, risk management, landlords, vendors, consultants
- Acted as a conduit for presenting financial reports and risk analysis for all leased and owned assets to help Senior VP and CEO with decisions regarding all new locations and disposition of assets to meet all financial and corporate goals
International Realty Firm Inc.
Real Estate Broker
01.2008 - Current
Job overview
- Currently Managing a franchise of International Realty Firm as a Broker Manager responsible for recruiting and training new agents
- Recruited over 200 agents in the last two years for the franchise
- Opened up and set up branch office in a new territory and recruited 30 new agents
- Accompany buyers during visits and inspections of the property, advising them on the suitability and value of real estate
- Prospect for new portfolio tenant representation and lease management business utilizing networking events, cold-calling, and referral sources
- Present marketing campaigns to clients
- Evaluated client's real estate portfolio for acquisition, disposition, and sale-leaseback options
- Thoroughly evaluate building, available space, and lease term options utilizing CoStar, LoopNet, and MLS
- Prepare detailed market site surveys
- Tour potential building and prospect sites with clients
- Assist with final selection prior to negotiations
- Perform financial analysis of current leases, new site selections, and property acquisitions
- Research the real estate market that allowed to present proposals, that enabled clients to make sound decisions on how to preserve as well as expanding their wealth via the best catered real estate investments
- Analyze audited reports to study EBITDA, cash flows, Income and expense reports and balance sheets for business for clients acquiring commercial real estate business
- Analyze clients' existing business and visit sites to understand their business needs and find and suggest new sites according to their needs
- Help clients find and negotiate sites, prepare leases/ sales offers
- Negotiate contracts and see all terms of agreements are met by all parties
- Including but not limited to financing, Soil Test, Site Plans, Environmental Assessments Studies Phase 1,2 and 3, Commercial Building Inspections etc
- Help the clients and liaise with local zoning departments and city departments to do due diligence and make sure the selected site is perfect for the client
- Help clients in fulfilling all conditions leading them to successfully close on the transaction
Co-operators Group Limited
Real Estate Officer
01.2021 - 08.2022
Job overview
- Source out new location with the help of JLL (corporate real estate brokerage) be a single point of contact from selection of location till the negotiation of final lease agreements are signed
- Negotiate all lease extensions, amendments of existing leases with all current landlords favoring Co-operators group limited from 650 plus existing locations
- Report all savings from negotiations of leases including but not limited to rate negotiations, tenant improvement dollars, free rent etc., in a spreadsheet format to the corporate management
- Work with district managers across Canada to help achieve their location goals, where needed assist with sourcing of location, early termination of leases, support in closure of location and subleasing of spaces
- Draft and review Leases, Lease extensions, Lease termination, Lease Amending and Internal advisor sublease documents
- Provide sustainable solutions for all new locations and ensure the lease documents have schedules to match our sustainability goals for the locations
- Maintain interface and communication with Landlords, Vice President and district managers across Canada, in terms of long term and short term strategy for their districts and locations serviced by their frontline sales advisors
- Where needed utilize help of local realtors and JLL to convene due diligence for location suitability
- Ensure all documents and financial summaries of all leases and subleases are provided to real estate coordinators for input into the Pro Lease system for timely payments to Landlords and address any issues/ concerns
- Assist Vice President and Construction team where needed for all corporate claims and service center locations from sourcing to turn key handover of the location to local management
- Assist in new hub locations and hybrid office models as per strategy to combine offices and or terminate leases in a particular area to have one location which serves as a hub for 2 or more sales advisors and or service and claims staff
- Conduct weekly meetings with the internal construction department for work on all sites being handled by them for updates and ensure we are within the agreement timelines and hold the landlord accountable where needed for cost, material used and/ or tenant improvements
- Conduct weekly meetings with local realtors and JLL to ensure progress in search of new locations and provide and get feedback on any negotiations being conducted for locations tied in with an offer or confirmed lease agreement
- Uphold lease agreement and the contracts where needed for repairs, maintenance issues and Landlord Default, ensure where the landlord is responsible he/she/they/them are held accountable
Toys R US Canada
Store Manager
01.2003 - 01.2008
Job overview
- Managed two stores in Vaughan with average annual volume of $20 million dollar or more.
- Completed store operational requirements by scheduling and assigning employees; following up on work results
- Maintained store staff by recruiting, selecting, orienting, and training employees
- Maintained store staff job results by coaching, counseling, and disciplining employees; planning, monitoring, and appraising job results
- Achieved financial objectives by preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective actions
- Managed inventory control, cash control, and store opening and closing procedures.
- Addressed customer complaints promptly and professionally, resolving issues to maintain positive relationships with clientele.
- Assisted with hiring, training and mentoring new staff members.
- Maintained proper product levels and inventory controls for merchandise and organized backroom to facilitate effective ordering and stock rotation.
Education
Marketing Management (MBA)New Delhi, India
Post Graduate Diploma from Business Administration And Marketing
01.2000
Delhi UniversityNew Delhi, India
Bachelor of Commerce from Business Management
01.1998
Skills
- Excellent Negotiator
- Trainer
- Extensive knowledge of real estate contracts
- Expert in Leasing contracts
- Highly knowledgeable in commercial real estate
- Customer Service Driven
- Contract negotiation
- Real estate valuation
- Market research
- Communication skills
- Problem solving
- Land development
- Investment analysis
Accomplishments
- Senior Real Estate Specialist Role
- Achieved financial and savings targets with our team for savings in lease transactions of $2.8 million through lease negotiations of an average 20 new locations, termination of existing locations where needed and lease renewals of minimum 80 existing locations.
- Incorporated strategies and minimized lease and sublease related expenses with no extra cost to the corporation utilizing current capabilities.
- Negotiated 15% lower rates for vendor systems with enhanced capabilities to increase bottom line profit for the organization.
- Delivery of new signature corporate head office in Guelph and multiple sites for claims and sales offices, country wide.
- Broker / Manager
- Awarded for being in the Top 5% in the entire Re/max and Homelife Franchise Canada wide ever since 2011 for commission earned and sales volume achieved.
- Won the award for top commercial listing agent in 2011.
- Won Rookie of the year award for sales volume and commission earned in 2008.
- Successfully Sold over $850 Million in Residential real estate since starting career in 2008.
- Won many sales awards with different brokerages that I have worked with.
- Sold Banquet Halls, Hotels, Gas Stations, Car Washes and Vacant Lands in all departments of commercial Real estate including but not limited to Retail, Industrial, Office etc.
- Successfully leased and sold industrial and office buildings, ranging from 1500 sq ft to 100,000 sq ft.
- Achieved over $350 million in real estate sales in commercial since 2013.
Languages
English
Native or Bilingual
Hindi
Native or Bilingual
Punjabi
Limited Working
French
Elementary
Affiliations
- RECO
- Toronto Real Estate Board
- Fincial Services Regultory Authority
- Cornerstone Board (Previosly Waterloo Region Association of Realtors)
Certification
- Real Estate Broker License - Ontario
- Mortgage Agent Level 2 License – FSRA Ontario
Timeline
Senior Real Estate Specialist
Co-operators Group Limited
08.2022 - Current
Real Estate Officer
Co-operators Group Limited
01.2021 - 08.2022
Real Estate Broker
International Realty Firm Inc.
01.2008 - Current
Store Manager
Toys R US Canada
01.2003 - 01.2008
Marketing Management (MBA)
Post Graduate Diploma from Business Administration And Marketing
Delhi University
Bachelor of Commerce from Business Management
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