VP,Construction & Development Job Toronto area,Ontario Canada,Management

WELLTOWER – REIMAGINE REAL ESTATE WITH US

At Welltower, we’re transforming how the world thinks about senior living and wellness-focused real estate. As a global leader in residential wellness and healthcare infrastructure, we create vibrant, purpose-driven communities where housing, healthcare, and hospitality converge. Our culture is fast-paced, collaborative, and endlessly ambitious—guided by our mantra:
The only easy day was yesterday.

We’re looking for bold, independent thinkers who thrive on challenge, embrace complexity, and are driven to deliver long-term value. Every team member is empowered to think like an owner, innovate fearlessly, and lead from where they stand. If you're passionate about outcomes and inspired by the opportunity to shape the future of healthcare infrastructure, we want you on our best-in-class team.

SUMMARY

The Vice President of Construction and Development – Canada, is a senior leader on Welltower’s Development & Construction leadership team, responsible for co-owning projects across the full lifecycle from site identification and underwriting through construction completion and community launch. The role spans both the front-end development origination of new opportunities and the vertical construction execution that delivers them, with accountability for delivering projects on time, on budget, and at the quality standard Welltower’s residents and operating partners expect.

This role sits at the intersection of development and construction and is central to Welltower’s Canadian development strategy across senior housing product types, including ground-up full acuity senior housing developments and active adult / 55+ communities. The Vice President will partner closely with Welltower’s development, construction, and operating partners, as well as the investments, capital markets, and finance teams, to identify and underwrite opportunities, structure transactions, and guide projects through entitlements, construction, and stabilization.

The role serves as a primary construction and development counterpart to executive leadership and external partners, with significant influence over how Welltower’s growing Canadian portfolio is sourced, structured, and delivered.

KEY RESPONSIBILITIES

Strategic Leadership

Provide visionary leadership across both development origination and construction execution, fostering a high-performance culture with clear goals, accountability, and disciplined execution.

Align development sourcing, underwriting, and construction strategies with corporate objectives to support long-term per-share growth and capital deployment goals.

Serve as a senior partner to executive leadership, the investment team, and the broader Development & Construction organization on the strategic direction of Welltower’s Canadian senior housing portfolio.

Establish and continuously improve processes that compress timelines, control cost, and protect quality across the development and construction lifecycle.

Development Origination & Underwriting

Partner with the development and investment teams to identify, evaluate, and pursue new ground-up development and major repositioning opportunities across Canadian senior housing markets.

Lead constructability-driven input into site selection, conceptual design, and product programming to optimize both delivered cost and stabilized yield.

Contribute to underwriting, pro forma development, sensitivity analysis, and cost-to-complete forecasting in coordination with the development and finance teams.

Sponsor or co-sponsor projects through the Investment Committee process, including preparation of IC materials and presentation of construction and delivery assumptions.

Provide construction cost benchmarking, value engineering, and risk inputs that shape underwriting assumptions and final deal economics.

Entitlements, Partner Coordination & Deal Structuring

Oversee entitlement strategy, zoning, and permitting pathways across active and target markets, working with planning advisors and local jurisdictions to de-risk timing and cost.

Collaborate with the legal and investments teams on operating partner and joint venture negotiations,…

VP, Construction & Development