What are the responsibilities and job description for the VP of Real Estate Development position at Experience Senior Living?
The Experience Senior Living Team is comprised of dynamic professionals that are fueled by their passion to empower people as they grow older to live life to the fullest. They are creators, architects, nurses, researchers, programmers, marketers, facilitators, developers, investors, and caregivers, all focused on making a positive impact on the lives of residents, their families and team members.
We are looking for a VP of Real Estate Development to join our amazing team!
The Vice President of Real Estate Development for Senior Living is an important position within NexCore and Experience Senior Living. The employee with have responsibility for the development of ground-up senior living communities throughout the country. The Vice President of Real Estate Development for Senior Living will develop and execute strategic initiatives to enable NexCore and our vertically integrated operations team in achieving successful, mutually profitable projects.
Benefits: We offer a full benefits package that includes medical, dental, vision, STD/LTD, life and voluntary life, 401k with employer matching, paid holidays, and up to 20 days PTO in the first three years.
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 NexCore looks to develop.
- Manage relationships that are longer term in nature and are not related to immediate transactions – periodically check in, escalate 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 NexCore and Experience Senior Living.
Skills And Abilities:
- Strong senior living industry knowledge, including deal structure, operations, regulations, construction, and trends.
- Strong negotiation skills
- Proven management and project management experience
- Financial analytical skills
- Ability to understand complex financial structures (preferred equity, joint venture structures, land contracts, and other legal documents)
- Leadership and Management
Requirements:
- Bachelor’s degree in business, real estate finance, development or related area of study, Master’s degree preferred
- 5 years of experience as a developer in the health care sector
- 2 years of senior living operation and financial awareness
- Previous experience in management or higher level role
