Description
Overview:
IRA Capital (“IRA”) is a real estate private equity company with extensive acquisition, investment,
development, and asset management expertise. Since 2010, IRA has acquired and overseen over 8 million
square feet of commercial real estate with a total capitalization in excess of $3 Billion. The company is
focused on acquiring high quality, well located, real estate across investment strategies and product types,
which include medical office buildings, senior housing, office, retail, industrial, multi-family, hospitals,
and more. Our dedicated healthcare real estate platforms present an exciting opportunity for experienced
professionals to join our dynamic team and contribute to our continued growth and success.
Job Description:
As a Senior Housing Asset Manager, you will play a critical role in creating a state-of-the-art senior living
platform, maximizing the performance and value of our senior housing portfolio. Leveraging your
extensive experience in senior housing operations (or other adjacent sectors) and asset management, you
will work closely with investments, operator relationships to implement strategic initiatives, optimize
financial performance, and ensure the delivery of high-quality care and services to residents.
Responsibilities:
Portfolio Oversight: Serve as the primary point of contact and strategic advisor for senior housing
properties within the portfolio, including independent living, assisted living, and memory care
communities.
Financial Analysis: Conduct financial analysis and performance evaluations of senior housing
properties, including annual budgeting, quarterly forecasts, monthly budget variance analysis,
revenue optimization strategies, expense management, and capital expenditure planning.
Operational Excellence: Collaborate with operator teams to implement operational best practices,
enhance resident satisfaction, and maintain compliance with regulatory requirements and industry
standards.
Asset Strategy: Develop and execute asset management strategies to enhance the value and
performance of senior housing properties, including repositioning initiatives, renovation projects,
and capital improvement plans.
Market Analysis: Conduct market research and analysis to identify trends, opportunities, and
competitive positioning within the senior housing market, informing investment decisions and
asset strategy.
Relationship Management: Cultivate and maintain relationships with operating partners, vendors,
and other stakeholders to drive operational excellence and achieve investment objectives.
Risk Management: Identify and mitigate risks related to property operations, market dynamics,
regulatory changes, and other factors that may impact the performance of senior housing assets.
Reporting and Communication: Prepare regular reports and updates on the performance of senior
housing properties for internal stakeholders, investors, and partners, providing insights and
recommendations for optimizing asset performance.
Qualifications:
Bachelor's degree in Real Estate, Finance, Economics, Business Administration, or related field.
Minimum of 7+ years of experience in asset management, financial planning and analysis or
operations.
Strong understanding of senior housing operations, including independent living, assisted living,
and memory care communities or other adjacent multi-location operations will be preferred.
Proven track record of successfully managing and optimizing the portfolio performance and
managing to KPIs.
Excellent analytical skills and financial acumen, with the ability to analyze financial statements,
budgets, and performance metrics.
Strategic thinker with the ability to develop and execute asset management strategies to drive value
creation and achieve investment objectives.
Exceptional communication and interpersonal skills, with the ability to effectively collaborate with
internal teams and external partners.
Detail-oriented with strong organizational skills and the ability to manage multiple priorities in a
fast-paced environment.
Proficiency in Microsoft Excel, financial modeling, and property management software(s).
Benefits:
Competitive salary commensurate with experience. (Base pay + performance based bonus)
Comprehensive benefits package including health, dental, and vision insurance.
Retirement savings plan with employer match.
Paid time off and holidays.
Opportunities for professional development and career advancement within a growing company.
How to Apply:
Please submit your resume and cover letter outlining your qualifications and relevant experience. In your cover letter, please highlight your experience in fund accounting and healthcare real estate, as well as your interest in joining our team.
IRA Capital is an equal opportunity employer and welcomes candidates from diverse backgrounds to
apply. We thank all applicants for their interest; however, only those selected for an interview will be
contacted.
Experience
7+ to 10 years
This job is no longer active.