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Providence Health & Services Executive Director, Real Estate Development in Irvine, California

Description:

THE ROLE

The Executive Director, Real Estate Development is the leader responsible for developing strategic solutions for real estate and capital requirements which may include but not be limited to: disposition of non-strategic assets, real estate development, development of financing vehicles, joint-ventures, mergers & acquisitions, internal loans or commercial financing working in conjunction and with the approval of the Senior Vice President of Real Estate Strategy & Business Operations.

This role is responsible for engaging developers and exploring capital markets to deliver alternatives to self-funding and overseeing internal and expert real estate professionals focused on mergers & acquisitions, joint ventures, lines of business, the Providence Global Center and housing initiatives.

Responsible total cost of ownership workstreams with new, expanding or reducing locations. Expert knowledge in site selection methodology with extensive experience with multiple different types of finical underwriting models.

Candidate must balance the needs of Providence and Health of the Community as delivered through the built environment. This role will develop both vertical and horizontal development strategies for our development.

Lead end to end execution on major real estate initiatives. Monitor our external environment for example market conditions, competitive pressures, and regulatory landscape.

This person will be a thought partner with the Regional Real Estate teams and will mentor those around them.

ESSENTIAL FUNCTIONS

  • Be responsible for outlining real estate options and articulates recommendations and or alternatives based upon the review of the market. Identify locations and partnerships with potential, and subsequently pursuing viable options.

  • Participate in ongoing strategy to establish long term relationship with capital partner to deliver on monetization of medical office building portfolio as needed.

  • Partner with local and regional executive leadership to help understand and deliver on approved development plans.

  • Be responsible for preparing executive level communication and updates regarding current project status, providing market relevant data, and valuations to leadership for strategic decisions.

  • Develop and maintain knowledge regarding capital markets activity across the organization. Establish relationship with key resources in each market to validate data.

  • Be responsible for effectively executing business strategies by aligning resources with business needs. Develop business plans to include pro formas and valuations of alternative sources to drive strategies. Lead and manage due diligence and provide recommendations.

  • Be responsible for developing financial analytics to understand financials and deal structures, including development pro formas, ownership structures, lease rates, cap rates, and construction budgets.

  • Lead merger and acquisitions real estate functions and provide recommendations based upon due diligence.

  • Evaluate and recommend deal structures for joint ventures that considered Providence's best interest and current market analysis.

  • Evaluate, manage, and acquire appropriate resources to ensure key expectations and accountabilities are met. Evaluate and monitor performance of the project team and make necessary adjustments to ensures deliver of the real estate strategy.

  • Provide leadership in mentoring and developing direct reports and caregivers in a manner which emphasizes the importance of team work, collaborations, the sharing of information, resources, and best practices not only within the regional teams, but across the division and with stakeholders across the organization.

  • Position requires the ability to travel throughout the system.

  • Other duties as assigned.

  • Perform all duties in a manner that promotes team success and reflects the Providence Health & Services’ Mission, philosophy, and Core Values of respect, compassion, justice, excellence and stewardship.

Qualifications:

IDEAL QUALIFICATIONS

Required experience/education for this position include:

  • Bachelor's Degree, preferably in business or healthcare administration, construction and or real estate

  • 10 or more years of experience with managing and leading teams in either the real estate and or development

  • Proficiency in English written and verbal communication skills

  • Ability to analyze and interpret financial data

  • Demonstrated time management and priority setting skills

  • Project management skills

  • Financial analytics and project budgeting proficiencies

  • Understanding of land use and regulatory compliance

  • Microsoft office suite to include Microsoft Project

  • Presentation skill

  • Proven experience leading teams with diverse experience and expertise

  • Knowledge of real estate and leasing practices

  • Ability to prioritize work by making informed judgments and to develop solutions for complex problems

  • Strong analytical, organizational, leadership, interpersonal skills, and effective oral and written communication skills

  • Knowledge of technical, professional and business in the fields of healthcare delivery, architecture, design, construction, and building design process

  • Ability to understand complex legal documents and articulate risks

  • Driver license is required.

Preferred experience/education for this position include:

  • Master's Degree in Healthcare Administration, Planning, Finance, Real Estate

  • 5 years of experience with asset portfolio management and financial modeling.

We offer comprehensive, best-in-class benefits to our caregivers. For more information, visit

https://www.providenceiscalling.jobs/rewards-benefits/

Our Mission

As expressions of God’s healing love, witnessed through the ministry of Jesus, we are steadfast in serving all, especially those who are poor and vulnerable.

About Us

Providence is a comprehensive not-for-profit network of hospitals, care centers, health plans, physicians, clinics, home health care and services continuing a more than 100-year tradition of serving the poor and vulnerable. Providence is proud to be an Equal Opportunity Employer. Providence does not discriminate on the basis of race, color, gender, disability, veteran, military status, religion, age, creed, national origin, sexual identity or expression, sexual orientation, marital status, genetic information, or any other basis prohibited by local, state, or federal law.

Schedule: Full-time

Shift: Day

Job Category: Leadership

Location: Oregon-Portland

Other Location(s): California-Irvine, Washington-Seattle

Req ID: 322098

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