Senior Housing Partners (the project development company of Presbyterian Homes & Services) is seeking a Vice President of Real Estate to lead Senior Housing Partners.
The Vice President of Real Estate at Presbyterian Homes & Services (PHS) is a visionary leader who will strategically manage all real estate initiatives to support and expand PHSs mission of serving older adults through compassionate care and creating welcoming communities rooted in faith and service. This role ensures stewardship of resources while enhancing the quality of life for residents by overseeing acquisitions, dispositions, new project development, asset management, and special projects. Collaborating closely with senior leadership, staff, and partners, the VP of Real Estate ensures alignment with the organizations values and mission. This leader will also partner with PHS operations and environmental services teams to deliver a best-in-class real estate experience that honors God by enriching the lives and touching the hearts of older adults.
REPORTING STRUCTUREThe Vice President of Real Estate reports directly to the President/CEO.
Responsibilities include but are not limited to:
- Oversee the Profit and Loss (P&L) performance of Senior Housing Partners, ensuring the division operates as a financially accretive arm of the organization through the generation of development and other related fees.
- Drive strategic real estate activity in markets nationwide, with a primary focus on advancing growth and expansion efforts in Milwaukee, WI, and Nashville, TN, to align with organizational objectives. Oversees all aspects of the real estate division. Leads and directs the work of Senior Housing Partners team members in achieving organizational goals and priorities related to real estate investment activities, including but not limited to the following:
New Project Development:
- Direct the planning and execution of new senior living developments that prioritize PHSs commitment to creating welcoming, safe, and enriching environments. PHS develops projects including active adult/55+, independent living, assisted living, memory care, skilled nursing,
- Collaborate with architects, contractors, and project managers to design communities that reflect PHSs values of hospitality, compassion, and service excellence.
- Ensure projects are delivered on time, within budget, and meet the unique needs of older adults, including accessibility, safety, and quality of life considerations.
- Oversee zoning, permitting, and regulatory processes, fostering positive relationships with municipalities and agencies to ensure compliance and alignment with community standards.
- Evaluate completed projects to ensure they fulfill PHSs mission of compassionate service and stewardship of resources.
- Support the development needs of third-party non-profit clients across the country (typically 3-5 projects at a time).
- Acquisitions & Dispositions:
- Identify and evaluate acquisition and disposition opportunities that align with PHSs strategic objectives to grow and sustain its mission-driven presence.
- Conduct market research, feasibility studies, and due diligence to ensure all transactions support the needs of residents and enhance the organizations ability to provide quality, faith-centered care.
- Prepare financial models, forecasts, and analyses to determine property value and potential impact on mission fulfillment.
- Negotiate and structure acquisition and disposition agreements, ensuring ethical standards, transparency, and collaboration with legal counsel.
- Asset Management of Non-Senior Living Assets (Retail, Raw Land, Etc):
- Lead the asset management strategy for non-senior living assets to ensure PHS properties remain financially sustainable, operationally efficient, and reflective of PHSs high standards for quality and resident care.
- Develop and implement asset management plans that include capital improvements, lease management, and property optimization to benefit residents and enhance their living experience.
- Regularly assess property performance and financial health, identifying areas for improvement to ensure properties remain vibrant, welcoming, and mission-aligned.
- Work with property management and facilities teams to ensure the highest standards of maintenance, safety, and resident satisfaction, embodying PHSs values of stewardship and respect.
- Create long-term capital plans for assets to safeguard and enhance property value, ensuring resources are used effectively and responsibly.
- Special Projects:
- Manage special projects that align with PHSs strategic goals and support the organizations mission of faith-centered service, including expansions, partnerships, and innovative real estate solutions.
- Act as a liaison between departments (including strong relationships with operations and environmental services departments), ensuring cross-functional collaboration on projects that impact resident care, community engagement, and operational excellence.
- Conduct financial and impact analyses to guide decisions on special initiatives, always prioritizing the well-being and dignity of those served (residents and staff).
- Lead projects aimed at increasing operational efficiencies, optimizing resources, and exploring new avenues for mission-driven growth.
- Financial Planning & Strategy:
- Develop and manage the real estate divisions budget, ensuring fiscal responsibility and alignment with PHSs mission of stewardship and service.
- Create and maintain financial models to assess investment performance, financing options, and risk management, emphasizing responsible financial practices.
- Present real estate performance and investment strategies to executive leadership and the Board, articulating how each strategy aligns with PHSs commitment to serving older adults.
- Collaborate with the CFO and finance team to secure mission-aligned financing and optimize financial structures to support sustainable growth.
- Bachelors degree required; MBA or masters degree in related field (Real estate, business, finance, or similar) or JD preferred.
- 15+ years of experience working in real estate development, capital markets, investments, acquisitions, or similar in mixed-use, multifamily/multi-unit. An emphasis with senior housing is preferred.
- Ability to travel in and out of state 20% or more as required to ensure success of projects.
- Proven ability to lead and develop cross-functional teams, fostering a culture of compassion, collaboration, and shared mission.
- Expertise in financial modeling, budgeting, and ROI analysis, with an understanding of financing options that support mission-based growth.
- Extensive experience in overseeing complex real estate projects, demonstrating a commitment to delivering results that enhance the lives of older adults.
- Understanding of the unique needs of senior living environments, with a commitment to values-based decision-making that aligns with PHSs mission and vision.
- Strong familiarity with regulatory standards affecting real estate development and asset management in senior living, including accessibility, safety, and zoning regulations.
- High standards in negotiation, communication, and relationship-building, demonstrating integrity and respect for all stakeholders.
- Strong analytical and critical thinking skills, able to evaluate complex data with a focus on maximizing mission-driven impact.