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Andy coutts

Director, Capital Projects, Skyline Asset Management Inc.

As Director of Capital Projects across all three of Skyline’s real estate investment portfolios (comprising hundreds of apartment, commercial and retail properties across Canada), Andy leads the capital expenditures (CAPEX) team in managing all projects related to large-scale building renovations and retrofits. Andy and his team oversee all aspects of each project from beginning to end, including budgeting, quoting for work, and project management and oversight; these projects can span from mechanical retrofits, such as elevators and boilers, to roof, window, door and asphalt work, to balcony, parking lot, pool, and lobby renovations. Andy also oversees the capital due diligence process that occurs before a building is purchased, in order to formulate capital expenditure plans once the properties are owned by Skyline.

Andy was the very first Skyline employee, having been hired by Skyline’s owners, Jason Castellan, Martin Castellan, and R. Jason Ashdown, in 2001. At that time, Andy helped Skyline manage approximately 40 student rental houses, along with a handful of Skyline’s first apartment properties. Taking on superintendent, mechanical, construction and property management work for these properties, Andy put in his fair share of hours driving the Skyline van to the properties, cutting the grass, and meeting with tenants and their families along with the Skyline owners.  As Skyline’s apartment assets grew, Andy become a regional Property Manager for three years, and then moved into his CAPEX role in 2005.

As a former worker in institutional construction with experience in framing, carpentry and site supervision, Andy brought a valuable connection with trades to Skyline, along with the first-hand experience to evaluate the proper execution of capital projects. His expertise and insight has fostered long-term service relationships with contractors. Andy welcomes the variety and challenges that accompany his role, and still appreciates the physical, hands-on aspect of visiting the properties and evaluating them first-hand.