Vice President, Real Estate Development & Acquisition - Presbyterian Homes & Services

Overview:

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 PHS’s 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 organization’s 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 STRUCTURE
The Vice President of Real Estate reports directly to the President/CEO.

Responsibilities:

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 PHS’s 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 PHS’s 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 PHS’s 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 PHS’s 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 organization’s 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 PHS’s 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 PHS’s 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 PHS’s strategic goals and support the organization’s 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 division’s budget, ensuring fiscal responsibility and alignment with PHS’s 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 PHS’s 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.
    

Qualifications:

• Bachelor’s degree required; MBA or master’s 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 PHS’s 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.

Pay Range:The estimated starting pay range for this role is $234,270 - $292,843 per year. This good faith estimate is based upon PHS’s typical starting pay range for this role. Actual pay range depends on many factors including each individual employee’s qualifications and market conditions and is subject to change.Benefits:

Full-time benefits-eligible employment begins at a minimum of 30 hours per week:

• Health, and dental, including applicable HSA & FSA
• Employer Contribution to HSA for eligible Health Plans
• Life insurance (AD&D)
• Retirement, with eligibility for an employer match
• Holiday pay and extended sick

 

Full and Part-time benefits-eligible employment working between 20-29 hours per week:

• Vision insurance
• Voluntary short-term & long-term disability
• Accident & hospitalization coverage
• Education assistance programs

 

All employees:

• Accrue PTO (Paid time off)
• Same-day pay
• Employee assistance program (EAP)
• College partnership educational discounts
• Access to Learn to Live Resources

About PHS:

Based in St. Paul, Minnesota–Presbyterian Homes & Services (PHS) is a nonprofit, faith-based organization providing a broad array of high-quality housing choices, care options and services for older adults. There are over 7,500 team members like you at PHS, serving more than 26,000 older adults through 60+ PHS-affiliated senior living communities in Minnesota, Iowa and Wisconsin, and through Optage® and other community services. PHS is also co-owner of Genevive®, the largest geriatric primary care practice in MN, providing comprehensive care for over 15,000 older adults.

An Innovative Leader: Established in 1955, PHS has earned the reputation as an Innovative Leader dedicated to promoting independence, purposeful living, and overall well-being. PHS is now one of the largest nonprofit senior housing and services providers in the US.

Our strong focus on our employees, means we are committed to an environment where you are valued and empowered to make a difference. With a strong commitment to team growth from within, roughly 80% of leadership roles are filled through the development of people like you. To learn more about PHS culture, benefits and team development, we invite you to visit the "Careers" section of our website.

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PHS is an EEO/AA employer. All applicants will receive consideration for employment regardless of their race, color, creed, religion, national origin, sex, sexual orientation, disability, age, marital status, or status with regard to public assistance.