Dec

06

MEMBER SPOTLIGHT: VICKIE MCDONNELL

 

Vickie In Colour

Vickie brings extensive insight and experience to the organization through her current role as President and CEO of Westminster Management Corporation. Westminster is a Vancouver based, privately held UK-owned, real estate investment and development company.  Vickie is responsible for investment portfolio oversight and strategic growth through joint venture developments and acquisitions in the Pacific Northwest.

Vickie began her real estate career working in progressive positions in real estate finance with various financial institutions starting in a management role with Bank of Montreal in 1980. In 1985, she made the brave decision to place her career on hold to upgrade her skills and pursue a full-time MBA at the University of British Columbia where she was 1 of 30 women to graduate in a class of 100 students. Vickie then went on to become Senior Vice President of Real Estate for Belkorp Industries, where she contributed to the growth of a large real estate investment portfolio for 15 years before moving to Westminster Management in 2011. As a pioneering woman in the real estate industry, Vickie faced plenty of adversity and discrimination resulting in some missed job opportunities.  However, her ongoing career progression and current success is a true testament to hard work and perseverance.

In addition to Vickie’s demanding career, she was still able to dedicate time to raising her son, and is now mentoring aspiring young professionals, and volunteering as a CREW board member. She is an inspiration and we are excited to see what she has in store for 2017 CREW Vancouver!

Q and A with Vickie

Q. Can you share some goals you have for CREW as the oncoming President-Elect?

  1. To increase the involvement of senior industry professionals and allow for more cross collaboration between senior and junior-level CREW members; and
  2. To elevate the perception of CREW Vancouver within the local real estate industry

Q. What skillsets are important to professionals looking to work in asset/portfolio management?

A key skill to have if you are looking to work in an asset management-type role is a strong comprehension of finance – know your numbers!  By focusing on key financial metrics, you are talking the “language” of real estate which transcends asset type and other variables.  Also, a good understanding of how lenders underwrite the financing of real estate helps when making investment decisions.

Q. What advice can you provide for female professionals in business?

  1. Always stand up for your values and treat others with respect
  2. Don’t be afraid to “put yourself out there”
  3. Be thoughtful in your responses
  4. Network, network, network!
  5. Think outside of the box – use your critical thinking and creativity for problem-solving – don’t give up!

 

 

 

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