Harrison Street

Vice President – Asset Management, Senior Housing

Harrison Street

full-time

Posted on:

Location Type: Hybrid

Location: Chicago • Illinois • United States

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Salary

💰 $175,000 - $250,000 per year

Job Level

Senior

About the role

  • 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
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
real estate investmentfinance principlesreal estate accountingdata analysisproperty financial performance analysiscapital improvement planningunderwritingnegotiationdue diligencebudget management
Soft Skills
communicationmentoringteam leadershiprelationship managementstrategic thinkinganalytical skillsproblem-solvingcollaborationpresentation skillscareer development guidance