VP of Real Estate Development - Senior Living

VP of Real Estate Development - Senior Living

Job Category
: ESL Development

Requisition Number
: VPOFR
001015

• Posted :
  January 28, 2025
• Full-Time

Showing 1 location

Key Responsibilities

• Develop, negotiate, and manage the workflow of development throughout the projects cycle, from identification of site through substantial completion and transition to operations.
• Lead the investigating and evaluation of potential projects including market, site feasibility, project economics, entitlements, and design.
• Is the facilitator between development and operations to ensure proformas reflect investment goals of the company.
• Attend and actively participate in team meetings, maintain positive and productive relationships, and effectively communicate with all project stakeholders to mitigate risk and maximize profitability.
• Lead the preparation and assemblage of internal deal approval packages.
• Build and maintain relationships with landowners, brokers, and master developers, keep informed of market conditions and understand legislation that could affect operations within the markets Nex Core looks to develop.
• Manage relationships that are longer term in nature and are not related to immediate transactions – periodically check in, elevate relationships when necessary.
• Lead and participate in business development/pipeline meetings, presentations, marketing activities, and sales strategy meetings as required.
• Track new opportunities to ensure alignment on approach for each potential deal while ensuring future pipeline is sufficient for company growth.
• Participate and lead in the generation of proposals, presentations, and interviews to secure new development opportunities.
• Negotiate with clients, brokers, community leaders, and other stakeholders to create the best product for the market while providing financial solutions that generate successful results and maximize profitability.
• Oversee all aspects of a development transaction, including leasing and physician recruitment.
• Supervise, plan, organize, direct, and coordinate multidisciplinary teams; engage Company professionals to work collaboratively to deliver projects, this will include collaboration with financial analyst, directing design and construction teams to meet schedules and budgets, coordination of third parties for entitlements, weekly architecture and engineering meetings, permitting, and collaboration with executives on offers and deal structure – all of this focus on predictability of determined ground breaks per year.
• Manage the tasks of various parties involved in the purchase of land.
• Provide strategic recommendations to further the mission of Nex Core and Experience Senior Living.

Skills, Knowledge, and Expertise

Education:

• Bachelors Degree in business, real estate, finance, or related area of study - Required
• Masters Degree in business, real estate, finance, or law - Preferred

Work Experience:

• 5+ years experience in health care development - Required
• 2+ years of senior living operation and financial awareness - Preferred

Skills:

• Desire to have senior living operational and financial awareness or strong desire to become a recognized leader within the senior living industry
• Strong residental (preferably senior living) industry knowledge, including regulations and trends
• Financial analytical skills
• Verbal and written communication skills
• Ability to understand complex financial structures (preferred equity, joint venture structures, land contracts, and other legal documents)
• Leadership and management
• Compensation: $150,000 - $175,000 / year
• Eligible for discretionary benefits: performance bonus
• Elgibble for standard employee benefit elections:
  Medical, Dental, Vision, 401K, FSA, HSA, Commuter Benefits, Employee Assistance Program, Life Insurance (employee and dependents), Short-term disability (STD), Long-term disability (LTD), Accidental death & dismemberment (AD&D), vacation days, sick days, and other benefits
• Travel:
  This position may require some travel

Disclaimer:

To All Recruitment Agencies – Nex Core Group does not accept unsolicited third-party resumes. Nex Core Group knows that when we welcome different points of view, it makes us better, stronger,…