What are the responsibilities and job description for the VP, Development position at Welltower Inc.?
SUMMARY
The Vice President of Development will be a key leader responsible for overseeing all aspects of large-scale ground-up property development projects from initial concept to completion. This role involves managing budgets, timelines, teams, and stakeholder relationships to ensure successful project execution while maximizing profitability and minimizing risks.
The Vice President of Development will play a critical role in shaping Welltower’s development initiatives, particularly in wellness housing assets (build-to-rent, multifamily, and active adult/55 projects), by identifying opportunities, overseeing zoning and entitlement processes, and guiding projects through construction and community launch. Leading an internal team and collaborating with external partners, they will implement best practices, drive operational efficiency, and ensure compliance with regulatory standards. Success in this role requires strong cross-functional collaboration across investment, finance, and construction teams to align development strategies with broader business objectives.
KEY RESPONSIBILITIES
Strategic Development & Leadership:
- Report directly to the SVP Global Head of Development and work in concert with the Vice President of Construction to align efforts to achieve corporate goals and development growth initiatives.
- Provide visionary leadership to the development team, fostering a high-performance culture with clear goals and accountability measures.
- Align development strategies with corporate objectives to ensure long-term growth, sustainability, and profitability.
- Drive the organization's self-development platform, reducing reliance on third-party developers and enhancing project efficiency.
- Develop a pipeline of opportunities, leveraging market knowledge and industry relationships.
- Lead internal and external project teams through all phases of development, ensuring alignment with financial and operational goals.
Project Management & Execution:
- Oversee site selection, zoning, entitlement processes, and construction management for new development and expansion projects.
- Ensure projects are completed on time and within budget, proactively mitigating risks and addressing challenges.
- Implement best-in-class project management systems that enhance reporting, budgeting, and risk assessment capabilities.
- Optimize development outcomes by enforcing compliance with all legal, regulatory, and contractual obligations.
- Review development proposals and conduct due diligence on feasibility, design, financial modeling, and pre-acquisition analysis.
- Lead the team through the full development lifecycle, from conceptual design and financing to construction and project delivery.
Financial Oversight & Performance Monitoring:
- Manage development budgets, cost controls, and financial forecasting to maximize project returns.
- Establish Key Performance Indicators (KPIs) to track project progress, financial performance, and risk assessments.
- Collaborate with internal finance teams to enhance cost management and capitalization strategies.
Collaboration & Third-Party Management:
- Work closely with executive leadership, investment teams, and external partners to align development projects with strategic business goals.
- Build strong relationships with contractors, architects, engineers, and local regulatory agencies to streamline project approvals.
- Ensure transparent communication across all Department leads, providing regular updates and reports.
Innovation & Process Improvement:
- Implement technology-driven solutions to enhance efficiency and scalability of development operations.
- Leverage market insights, demographic trends, and economic factors to inform decision-making and capitalize on emerging opportunities.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
TRAVEL
50% out-of-area and overnight travel may be expected.
MINIMUM REQUIREMENTS
- Minimum 10 years of experience in real estate development, construction, or project management with a proven track record of leading large-scale projects.
- Strong background in self-performing development operations and setting up internal construction teams.
- Expertise in site selection, entitlement, zoning, and feasibility analysis for complex development projects.
- Financial acumen, including experience with capital budgeting, financial modeling, and investment analysis.
- Demonstrated leadership skills with the ability to mentor teams, manage cross-functional collaborations, and drive organizational growth.
- Deep understanding of market trends, demographic shifts, and economic influences on real estate development.
- Strong analytical, negotiation, and problem-solving skills to manage complex deals and stakeholder relationships.
- Relevant certifications or educational background in real estate, architecture, urban planning, or finance preferred (e.g., AIA, LEED, MBA).
Applicants must be able to pass a pre-employment drug screen.
WHAT WE OFFER
- Competitive Base Salary Annual Bonus
- Generous Paid Time Off and Holidays
- Employer-matching 401(k) Program Profit Sharing Program
- Student Debt Program – we’ll contribute up to $10,000 towards your student loans!
- Tuition Assistance Program
- Employee Stock Purchase Program – purchase shares at a 15% discount
- Comprehensive and progressive Medical/Dental/Vision options
- And much more! https://welltower.com/newsroom/careers/
ABOUT WELLTOWER
Welltower, an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com
Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE/AA. Minority/Female/Sexual Orientation/Gender Identity/Disability/Vet
