Vice President, Real Estate Development

4 weeks ago

Markham, Canada Sienna Senior Living Full time

We are Sienna Senior Living, a publicly traded company (TSX:SIA) and one of Canada’s leading owners and operators of seniors’ residences. We offer care, support, services and housing in Retirement and Long Term Care to seniors/residents and their families. And we truly believe it is a privilege to serve Canada’s seniors, ensuring they live fulfilling lives with the utmost comfort, dignity and respect.

At Sienna, we empower our 12,000 team members to help our residents live the life they desire and deserve. We provide our team members the tools and support to deliver excellent clinical care and elevate the resident experience through choice, personalization, and community engagement.

What Sienna Offers: We are a purpose-driven organization. We aspire to cultivate an environment and culture where team members feel valued, heard, and empowered to do meaningful work.

What You’ll Be Doing: Reporting to the Executive Vice President & Chief Corporate Officer, we are seeking a dynamic and strategic Vice President, Real Estate Development to lead our real estate initiatives and drive the growth of our senior living portfolio. This role will oversee the planning, development, and densification of new senior living projects, as well as the overall execution and real estate acquisition due diligence.

What you will do:

  • Project Municipal and Various Authority Planning Navigation & Approvals
    • Responsible for navigating and achieving all project Municipal, Local or Relevant Authority approvals and oversight and delivery of all real estate project construction activities.
    • Manage various consultants, directing building plans, project plans, legal documents, financial analysis and submissions in accordance with project schedules. Prepare and manage schedules for delivery of project such as: Municipal approval timeline, construction durations, opening/permitting.
  • Project Construction Leadership & Oversight
    • Responsible for Sienna’s real estate development activities; including land sourcing & acquisition, development, redevelopment and acting as owner’s rep to oversee construction manager/contractors. Analyze and identify options for the highest-and-best-use for current older long term care home buildings and excess land.
  • Internal Growth – Existing Property Intensification
    • Develop project budgets and assumptions and manage to budget and schedule upon project execution. Monitor building and construction activity reporting on costs, schedule, variances and other to ensure projects are in accordance to specification, delivery expectations and ready for occupancy.
    • Proactively seek out opportunities and mitigate risks for each project.
  • New Development Opportunities – Sourcing, Due Diligence & Feasibility
    • Liaise with development, construction and Joint Venture partners on all approved development projects focusing on the development of retirement residences, and seniors living campuses.
    • Manage internal and external stakeholders to achieve optimal design for new developments.
  • Acquisition Opportunities – Due Diligence
    • Evaluate potential development sites for land acquisition in accordance with the company’s identified locations for seniors living campuses and retirement residences. Liaise with operations and finance to support the analysis and feasibility planning for each project.
    • Partner with internal stakeholders to negotiate LOI and Purchase Agreements for land acquisition and other key project related contracts – construction management, consultant, third party.

Who you are:

  • You should have at least 15 years of experience in real estate, covering areas like acquisitions and dispositions, land development, and operations. Ideally, your background includes senior housing, hotels, or multi-residential projects.
  • A degree in Business Administration, Urban Planning, Real Estate, Economics, Environmental Studies, or a related discipline is important.
  • Demonstrated ability to lead, motivate, and engage team members effectively.
  • Experience obtaining municipal approvals, including zoning, site plans, variances, land conveyance, and land valuation.
  • Working knowledge of building codes, safety standards, and environmental regulations.
  • Proven ability to conduct project feasibility assessments and due diligence, including creating project proformas.
  • A proven track record in leading large-scale, multi-million-dollar real estate development projects from start to finish, particularly with a focus on regulatory compliance, delivering on time, and staying within budget.
  • You should be well-versed in project management principles and practices.
  • Strong written and verbal communication and presentation skills are a must.
  • Possess a solid track record in developing and maintaining positive relationships with both internal and external stakeholders at all levels.
  • Finally, you should be able to travel as needed for the role.

What you need to know:

  • We are committed to creating an inclusive environment where all team members and residents feel like they belong. We seek applicants with diverse backgrounds and have a wide range of abilities. Sienna provides an accessible candidate experience.
  • We believe that collaboration and connection are key to our success, which is why we have an in-person office environment. We work together in the office four days a week to foster teamwork, creativity, and innovation, while also allowing for flexibility when needed.
  • You must successfully pass a Background Check.
  • Competitive, attractive compensation and benefits package will be offered to the selected candidate.

Sienna Senior Living is committed to employment equity, diversity, and inclusion in the workplace. In accordance with provincial regulations, upon request, support will be provided for accommodations throughout the recruitment, selection, and assessment process.

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