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Vice President of Real Estate Development
2 months ago
We are seeking a highly skilled and experienced Vice President of Real Estate Development to join our team at Sienna Senior Living. As a key member of our leadership team, you will be responsible for leading our real estate initiatives and driving the growth of our senior living portfolio.
Key Responsibilities- Oversee the planning, development, and densification of new senior living projects, including land sourcing and acquisition, development, redevelopment, and construction management.
- 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 projects, including municipal approval timelines, construction durations, and opening/permitting.
- Responsible for Sienna's real estate development activities, including land sourcing and acquisition, development, redevelopment, and acting as owner's representative to oversee construction managers/contractors.
- Analyze and identify options for the highest-and-best-use for current older long-term care home buildings and excess land.
- 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 factors to ensure projects are in accordance with specifications, delivery expectations, and ready for occupancy.
- Proactively seek out opportunities and mitigate risks for each project.
- 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.
- 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.
- At least 15 years of experience in real estate, covering areas like acquisitions and dispositions, land development, and operations.
- Ideal background includes senior housing, hotels, or multi-residential projects.
- Degree in Business Administration, Urban Planning, Real Estate, Economics, Environmental Studies, or a related discipline.
- 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.
- 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.
- Strong written and verbal communication and presentation skills.
- Solid track record in developing and maintaining positive relationships with both internal and external stakeholders at all levels.
We are a purpose-driven organization committed to creating an inclusive environment where all team members and residents feel like they belong. We seek applicants with diverse backgrounds and a wide range of abilities. Sienna provides an accessible candidate experience and believes that collaboration and connection are key to our success.
