AVP, Acquisitions and Development

Mather Headquarters•Evanston, IL

8d•Hybrid

About The Position

Mather is seeking an acquisitions and development leader to identify, evaluate, and advance opportunities for new senior living communities, acquisitions, campus expansions, redevelopment initiatives, and strategic partnerships. The AVP combines market intelligence and transaction management with real estate underwriting, development planning, and capital markets execution. Working closely with executive leadership, operations, finance, feasibility, design and construction teams, outside advisors, lenders, and investment partners, the AVP develops business cases, coordinates due diligence, evaluates risks, and advances approved opportunities from initial screening through closing and implementation. The role supports Mather’s strategic growth initiatives and communicates complex market, operational, and financial information as recommendations for senior leaders and the Board. This is a full-time, salaried, hybrid position based at Mather HQ in Evanston, Illinois. Candidates must reside within the Chicagoland area and be available for approximately 20% to 30% travel, depending on transaction and project activity.

Requirements

Bachelor's degree in finance, real estate, business, accounting, or a related field.
10 to 15 years of progressively responsible experience in real estate acquisitions, development, investment, capital markets, commercial lending, underwriting, or a related discipline.
Demonstrated experience leading complex real estate underwriting, due diligence, financing, and transaction execution.
Advanced financial modeling skills, including development pro formas, valuation, debt sizing, sensitivity analysis, and investment return metrics.
Strong understanding of real estate capital markets, financing structures, and transaction documentation.
Ability to synthesize market, operational, and financial information into clear recommendations for senior executives and governing boards.
Excellent written, verbal, presentation, negotiation, project management, and relationship-management skills.
Advanced proficiency in Microsoft Excel and PowerPoint, and ability to learn and use real estate and business-intelligence tools.
Ability to manage multiple high-priority initiatives, exercise sound judgment, and maintain confidentiality.
Must reside within the Chicagoland area and be available for approximately 20% to 30% travel.

Nice To Haves

Master's degree in business administration, finance, or real estate.
CFA designation or another relevant professional credential.
Experience with senior living, Life Plan Communities, health care, hospitality, or other operationally intensive real estate.
Experience with large-scale development, campus expansion, acquisitions, joint ventures, and taxable or tax-exempt financing.

Responsibilities

Build and manage the acquisition and development pipeline, including sourcing, screening, and prioritizing potential senior living communities, development sites, and strategic partnerships.
Work with market research teams on demographic, competitive, pricing, and comparable market analyses, translating findings into investment recommendations.
Coordinate financial underwriting, including pro forma cash flows, valuation analyses, return scenarios, sensitivities, and investment recommendations for executive leadership and Board committees.
Coordinate due diligence across financial, operational, market, physical, environmental, legal, regulatory, entitlement, insurance, and tax workstreams; identify risks and develop mitigation strategies.
Coordinate development feasibility for new communities and expansions, aligning program, unit mix, amenities, phasing, schedule, and cost with market demand and operating objectives.
Collaborate on evaluating capital-stack strategies, including taxable and tax-exempt debt, bank financing, public debt, joint venture equity, and other funding sources.
Co-manage relationships with potential equity partners, lenders, investment banks, institutional partners, brokers, legal counsel, and other advisors.
Support negotiation of financing, purchase, development, joint venture, and other transaction documents.
Coordinate internal approvals and transaction execution from letter of intent through closing, maintaining decision logs, workplans, timelines, budgets, and accountability across workstreams.
Contribute to investment memoranda, presentations, and updates for executive leadership, the Finance/Investment Committee, the Senior Living Committee, and the Board of Directors, particularly regarding the acquisition and site development pipeline.

Benefits

Bonus Plan eligibility ranging from 0% to 20% of base salary.
Generous paid time off program, including vacation/personal days, sick days, and holidays; accrued time rolls over year to year.
401(k) program with per-pay-period employer match and annual employer contribution, available to team members age 21 or older.
Convenient, subsidized parking or public transportation support for certain locations.
Wellness Spending Account of up to $300 annually for wellness-related expenses.
Medical, dental, and vision plans for benefits-eligible team members.
Paid parental leave.
Adoption assistance reimbursement.
Tuition reimbursement for continuing education.
Extended illness benefits.
Employee wellness programs.
Short- and long-term disability insurance.
Life insurance for benefit-eligible team members.
Holiday Bonus may be available, subject to eligibility.