Denver, Colorado
Asset Manager-Healthcare Real Estate Job Opening in Denver, Colorado - SUMMARY:
The primary function of the Asset Manager is to oversee and assist in all aspects of an assigned portfolio of healthcare real estate properties to include administrative, property management, operations, leasing, financial performance, acquisitions, recapitalizations and dispositions. The exact level and title of the position will be dependent upon the specific individual and his or her skill set. Ideally, this position will have ultimate responsibility for working with tenants and operators, property managers, leasing personnel, finance executives, and other parties to ensure the optimal performance of each asset. This position is ideal for an individual with strong financial analysis experience, an analytical mind, excellent presentation and communication skills, the proven ability to manage all components of a healthcare project or property, and a strong work ethic, that is seeking a career broadening opportunity having exposure to nearly all aspects of a growing, creative and entrepreneurial healthcare development and investment company operating within a stable and expanding real estate sector.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
MOB :
Assists in preparation of annual operating budgets and business plans for assigned properties.
Reviews monthly operating statements for assigned properties; understand detailed line-item performance and reforecasts; take responsibility for each asset and proactively raise and solve problems to meet or exceed performance targets.
Prepare variance reports, cash distribution spreadsheets and quarterly reforecasts on assigned properties.
Assist with property transitions from development into asset management.
Read, analyze and interpret leases; including the ability to compare multiple lease scenarios based on several financial metrics including NPV, IRR and ROC.
Assist in the acquisition due diligence process.
Serve as primary asset management point of contact for institutional and high net worth investors.
MOB Leasing:
Assist in establishing and implementing a marketing plan with other leasing personnel.
Implement marketing plan to include marketing material development, material mailings and cold calling.
Understand physician recruitment and space needs, specific to the property.
Manage leasing activity updates for assigned properties; provide creative input and solutions to lease assets at favorable terms.
Senior Living :
Oversee the preparation of annual operating budgets and business plans for assigned properties by operating partners; track variances and reforecasts and oversee facility manager performance.
Review, analyze and manage monthly reporting and dashboards; compute and oversee monthly distributions
Create and maintain periodic and ad hoc reporting and presentation for internal and external customers.
Conduct ongoing analysis of sales and performance metrics (i.e., operating margins, leasing velocity, rental rates, competitor analysis and monitoring, development and sales prices per bed and unit, etc.) to identify trends; recommend strategies, assist in deploying initiatives and analyze and take ownership for the results of those initiatives.
Maintain industry data (i.e., sales trends, cap rates, portfolio premiums, etc.) and make recommendations on when to sell assets; attend seniors housing team meetings and understand and help execute business strategies.
QUALIFICATIONS AND REQUIREMENTS
Healthcare and medical office experience required, with a strong preference for seniors housing experience (both real estate and operational ownership and working with facility managers).
Bachelor?s degree required; accounting, finance, economics, with real estate finance preferred. Three to five years of experience with the above listed duties and responsibilities.
Excellent analytical skills, attention to detail and strong organizational skills; understanding of NPV, IRR and complex profit sharing waterfalls.
Ability to read, analyze and interpret general business periodicals, professional journals, or governmental regulations.
Strong business writing skills, specific to business correspondence.
Excellent presentation skill, effectively communicating information and responding to questions from groups of executives, managers, clients, customers and the general public.
Intermediate mathematical skills required.
Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. Strong analytical skills, a plus.
Advanced knowledge skills with Microsoft Office software to include Excel, Word and Outlook. Experience in Argus, Timberline, Yardi or MRI a plus.
Must be able to thrive in a fast-paced environment and multi-task.
Superior interpersonal skills.
COMPANY OVERVIEW
NexCore Companies is a national healthcare real estate investment and development company that focuses on acquiring, developing, owning and managing healthcare facilities including medical office buildings, wellness facilities, ambulatory surgery centers, single and multi-specialty physician buildings, seniors housing facilities and transitional rehabilitation centers. We partner with top healthcare systems, hospitals, physician groups, and assisted living, memory care and post-acute care operators, and reputable institutional and high net worth investors to develop, acquire and own high quality assets that serve their communities through significant job creation and the provision of quality healthcare services. Over the past 25 years, the NexCore team has developed and acquired over 6.0 million square feet of healthcare properties across the country and currently manages over $1.2 billion of healthcare facilities. Our company has been recognized repeatedly as one of the Top Healthcare Real Estate Developers in the U.S. by Modern Healthcare magazine. NexCore has approximately 70 employees and is headquartered in Denver, Colorado with regional offices in Chicago, IL, Bethesda, MD, Portland, OR, Dallas, TX, Orlando, FL, and Laguna Niguel, CA.
Job Type: Full-time
Required education:
Bachelor's
Required experience:
above listed duties: 3 years
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