Senior Project Manager, Diligence & Fund

🔥 14 hours ago

🌽 Illinois, Michigan – Remote

🌽 Illinois – Remote 🚗 Michigan – Remote

💵 $90.9k - $140k / year

⏰ Full Time

🟠 Senior

👷‍♀️ Project Manager

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Welltower™ Inc. (NYSE:WELL)

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1970

🏠 Real Estate

🧘 Wellness

Real Estate • Wellness

Welltower™ Inc. (NYSE:WELL) is an S&P 500 real estate investment company focused on seniors and wellness housing across the United States, United Kingdom, and Canada. The company owns and operates a portfolio of over 2,000 seniors and wellness housing communities positioned at the intersection of housing and hospitality, emphasizing vibrant rental communities for older adults. Operating as an operating company within a real estate structure, Welltower leverages disciplined capital allocation, data science, and an end-to-end operating platform (the Welltower Business System) to drive long-term per-share growth and superior operating results.

📋 Description

• Lead physical due diligence efforts for acquisitions, dispositions, and major capital investment opportunities. • Develop and underwrite written value-add investment plans for inter-company coordination as well as Operator engagement. • Conduct site visits to evaluate physical plant condition and recommend value-add renovation scope(s) and Major CapEx requirements, if applicable, to enhance form and function of asset with a focus on driving financial performance. • Coordinate with Capital Team to determine which items scheduled for CapEx could or should be completed in conjunction with Redevelopment. • Develop and defend capital expenditure assumptions utilized in acquisition underwriting and investment committee approvals. • Select and engage all designers, planners, engineers, architects, decorators, and other third-party consultants as may be necessary in the redevelopment and construction of the project. • Reviews potential design, coordination, and constructability issues; as needed, recommends necessary changes. • Prioritize capital deployment across regional portfolios based on investment returns, asset needs, strategic objectives, and operational impact. • Present and obtain internal ownership approvals for the project including market justification, unit interior and common area / amenity scope, cost, financial return, and business justification. • Oversee and ensure the obtaining of all permits, external approvals, entitlements, and licenses necessary for the development of the project, including interaction with city inspectors and other city officials to ensure project meet city and local code standards. • Develops annual capital plan and reforecast process with internal/external stakeholders. • Responsible for all written evaluations of Project Managers and Associates in accordance with company timing guidelines. • Mentor Project Managers in asset evaluation, capital underwriting, due diligence, and investment analysis. • Provides weekly/monthly/quarterly status of work performed in their assigned region and maintains high level of communication with internal and external stakeholders. • Advise the leadership regarding any recommended “change orders,” value engineering proposals, plan change recommendations, specifications, and budgets. • Prepare and distribute RFP packages to qualified vendors, respond to RFI as required and responsible for final vendor selection ensuring optimal quality and budget pricing. • Negotiate final cost and scope of work for all subcontracts, change orders and purchase orders as required.

🎯 Requirements

• Bachelor's degree in Construction Management, Architecture, Engineering, Real Estate, or a related field is preferred. • Proven experience in project management, redevelopment, and construction, preferably in the senior housing or multi-family industry. • Minimum of 7-10 years of relevant work experience with at least 3 years in a managerial or leadership role. • Solid understanding of project management principles and practices, including scope development, budgeting, scheduling, and risk management. • Employment is contingent upon the successful completion of a background check, drug screening, and verification of employment, education, and other credentials relevant to the position.

🏖️ Benefits

• Competitive Base Salary + Car Allowance + Annual Bonus • Generous Paid Time Off and Holidays • Employee Stock Purchase Program – purchase shares at a 15% discount • Employer-matching 401(k) Program + Profit Sharing Program • Student Debt Program – we’ll contribute up to $10,000 towards your student loans! • Tuition Assistance Program • Comprehensive and progressive Medical/Dental/Vision options • Professional Growth And much more!