Hybrid Vice President – Asset Management, Senior Housing

at Harrison Street

• Job title: Vice President – Asset Management, Senior Housing
• Job type: Full Time
• Experience level: Senior
• Salary: $175,000 - $250,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Chicago, United States

About the role

• Vice President focusing on investments at Harrison Street, a leading global alternative investment management firm.

Responsibilities

• Oversee and manage wholly-owned and joint venture investments in the US, as well as the respective property management and partner relationships.
• Manage relationships with existing operating partners and third-party property managers;
• Collaborate with our dedicated Capital Markets team to close all property refinancings;
• Collaborate with our dedicated Transactions team to manage relationships;
• Establish and communicate internal hold/sell recommendations;
• Oversee asset dispositions, including presenting the transaction to investment committee, selecting a broker, negotiating the purchase contract, and facilitating the due diligence and closing processes;
• Formulate property-level strategy, budgets, and capital improvement plans;
• Determine and implement value preservation strategies, including the preparation of capital call memorandums as necessary;
• Assist transactions colleagues in the underwriting of new investments as well as new operating partners or property managers;
• Analyze and monitor property financial performance and debt covenant compliance;
• Alongside construction consultants, monitor schedules, budgets, and draws for new developments and ensure compliance with the relevant governing documents;
• Review and approve third-party appraisal reports and complete periodic internal valuations and re-underwriting processes;
• Actively mentor, train, and guide the career development of more junior professionals on the team.

Requirements

• Bachelor’s degree (real estate and finance concentrations preferred);
• 10+ years of relevant experience in commercial real estate investment roles: within Senior Housing;
• Core knowledge of real estate investment and finance principles, as well as a working understanding of real estate accounting;
• Strong written and verbal communication skills;
• Ability to draw conclusions from research and data analysis and communicate them concisely and effectively;
• Thorough understanding of business software (Excel at minimum - Argus preferred).
• This position requires frequent travel to visit properties, property managers, and operating partners.

Benefits

• a generous discretionary bonus
• comprehensive range of benefits including medical, financial, and wellness programs