AVP, Acquisitions and Development
About The Position
Mather is seeking an acquisitions and development leader to identify, evaluate, and advance opportunities for new communities, acquisitions, campus expansions, redevelopment initiatives, and strategic partnerships. The AVP, Acquisitions and Development combines market intelligence and transaction management with collaboration across 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 role develops business cases, coordinates due diligence, evaluates risks, and advances approved opportunities from initial screening through closing and implementation. The position supports clear recommendations to senior leaders and Mather’s board by translating complex market, operational, and financial information. This is a full-time, salaried, hybrid position based at Mather HQ in Evanston, Illinois. Candidates must reside in 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 senior living communities, development sites, and strategic partnerships.
- Conduct demographic, competitive, pricing, and comparable-market analyses with market research, translating findings into investment recommendations.
- Coordinate financial underwriting, 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 key risks and develop mitigation strategies.
- Coordinate development feasibility for new communities and expansions with operations, design, construction, and outside consultants, aligning program, unit mix, amenity strategy, phasing, schedule, and cost with market demand and operating objectives.
- Collaborate on capital-stack strategies, including taxable and tax-exempt debt, bank financing, public debt, joint venture equity, and other appropriate 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, Senior Living Committee, and Board of Directors, particularly reports on the acquisition and site development pipeline.
Benefits
- Bonus Plan eligibility ranging from 0% to 20% of base salary.
- Competitive benefits package.
- Paid time off program including vacation/personal days, sick days, and holidays; the earn-as-you-go plan rolls over year to year.
- 401(k) program with per-pay-period employer match and annual employer contribution, available to those age 21 or better.
- Convenient, subsidized parking or public transportation for certain locations.
- Wellness Spending Account with 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 available to benefits-eligible team members.
- Holiday Bonus may be available, subject to eligibility and program requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
