Director, Asset Management; Senior Living Portfolio

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Full Time Alexandria, VA, US

30+ days ago Requisition

Salary Range: $ To $ Annually

Head of Senior Living

Position Summary

In this role you will build, lead, and own Bonaventure's senior living platform from the ground up. We have the assets, the capital, and the conviction. What we do not yet have is a platform, and that is what you will create. You will be fully accountable for both the short and long term performance of the portfolio, with success measured by the increase in equity value, the achievement of financial targets, and the durability of the platform you put in place.

You will design and execute the strategic direction of every asset in the portfolio, and manage the operating partners who run our communities day to day. You will introduce innovative and actionable strategies to unlock value, including value add repositioning, operational efficiency initiatives, operating platform improvements, capital structure optimization, and creative angles in submarkets and product types others have overlooked.

You will work shoulder to shoulder with our investments team on every acquisition, with our Debt and Capital Markets team on every financing, and with our leadership team on the long term direction of the platform. You will hire your number two, build out a senior living team, and set the standard for how Bonaventure shows up in this asset class for the next decade.

You will foster a culture of urgency, accountability, and continuous improvement, and you will set the tone with your own work product first.

You are an ideal fit if you're:

• An entrepreneur anda platform builder.
  
  You have stoodupa senior living platform before, or a major piece of one, from a near zero start, and you want to do it again with the right capital and the right partners behind you.
• A real estate investor  see value others miss,you have a point of view on every market and every vintage, and you stop at nothing to unlock it.
• Senior living obsessive.
  
  You know the nuances. Vintages, layouts, food service, home health partnerships, memory care, active adult, CCRCs. You keep learning. You have been accused of being a little obsessive and relentless.
• Hungry.
  
  You will grind when the work calls for it. You will get on a plane when something needs your eyes. You will get your hands dirty when no one else can.
• Strategic AND tactical.
  
  You canwritea thesis at 8 a.m., walk a property at 11, run an executive director through a budget review at 2, and pitch an LP at 5. You are equally credible in every room.
• Determined and persistent.
  
  You havea track recordof executing strategies, not just designing them, and you are happy to challenge traditional methods, norms, and the way it has always been done.
• Take the bull by the horns. You are results driven, you take ownership, and you do not need permission to start moving.
• A leader of people.
  
  You have hired, developed, andretainedteams. You build culturebyexample. You do not throw teammates under the bus, and you bring the kind of integrity we want to be in business with for the long haul.
• Long term committed.
  
  You see senior living as your professional focus for the indefinite future, and Bonaventure as the place to do the best work of your career.

Means and methods to achieve success you will be incorporating are:

• Define, sharpen, and continuously refine Bonaventure's senior living investment thesis across independent living, assisted living, memory care, active adult, and CCRC product types, and translate that thesis into a real, prosecutable acquisition pipeline.
• Collaborate with our acquisitions team…