Hybrid AVP/VP, Asset Management – Healthcare

at Harrison Street

• Job title: AVP/VP, Asset Management – Healthcare
• Job type: Full Time
• Experience level: Lead
• Salary: $150,000 - $250,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Chicago, United States

About the role

• Assistant Vice President or Vice President in Asset Management focused on investments at Harrison Street. Overseeing real estate investment strategies with expertise in healthcare/medical sectors.

Responsibilities

• Oversee and manage wholly-owned and joint venture investments in in the US, as well as the respective property management and partner relationships. Specific duties will include:
• Manage relationships with existing operating partners and third-party property managers;
• Source, coordinate, and close all property refinancings;
• 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);
• 7+ years of relevant experience in commercial real estate investment roles, preferably within Medical real estate.
• 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 and Argus).
• This position requires frequent travel to visit properties, property managers, and operating partners.

Benefits

• generous discretionary bonus
• comprehensive range of benefits — including medical, financial, and wellness programs — designed to support our employees both professionally and personally