AVP, Investments

Welltower™ Inc. (NYSE:WELL)•University Park, TX

6d•Onsite

About The Position

Welltower, Inc. is seeking an AVP, Investments in Dallas, TX to establish and maintain an integrated portfolio performance dashboard. This role involves developing standardized performance reviews, benchmarking communities, and monitoring financial health. The position also leads the screening, valuation, and financial modeling for acquisitions and development opportunities, conducting market due diligence, and structuring deals to optimize returns. Responsibilities include preparing investment memos, leading due diligence, and managing relationships with third-party vendors. The role also involves comprehensive credit analyses of operators and tenants, evaluating strategic initiatives, and applying knowledge in real estate investments with a focus on operational real estate. The AVP will underwrite financials, create proformas in Excel, lead complex transactions, review legal documents from a business perspective, and apply asset management experience to drive portfolio value. The position requires 25% domestic travel and oversees one Associate and one Senior Associate.

Requirements

Bachelor degree, or foreign equivalent degree, in Finance, Real Estate, Healthcare, or Business Administration and Economics
5 years of progressive, post-baccalaureate experience in the job offered, or 5 years of progressive, post-baccalaureate experience in a related occupation
Applying knowledge in real estate investments with a focus on operational real estate
Underwriting financials and creating proformas in excel
Leading complex transactions
Applying understanding of reviewing key legal documents from a business perspective
Applying experience in asset management to help drive value across the portfolio

Responsibilities

Establish and maintain an integrated portfolio performance dashboard covering occupancy, acuity mix, payer mix, revenue mix, operating expense ratios, capex, debt service, and key clinical indicators.
Develop standardized quarterly and monthly performance reviews with operators, highlighting variances, drivers, and corrective action plans.
Benchmark communities against internal targets and external peers; identify underperformers and craft remediation strategies.
Monitor debt covenants, reserve levels, liquidity, and capex plans, escalating issues to senior management with recommended mitigations.
Lead initial screening, valuation, and financial modeling for acquisitions and development opportunities, from concept through term sheet.
Create and maintain detailed two-to-five-year financial models (rent/rate assumptions, operating costs, capex, financing scenarios, and sensitivity analyses for occupancy, reimbursement, and interest rates).
Conduct market due diligence (demographics, competition, regulatory environment, payer mix, supply/demand dynamics) to support investment rationale.
Structure deals to optimize risk-adjusted returns (purchase price allocation and mechanics, earn-outs, financing mix, preferred equity/GP co investments, and adaptable development cap structures).
Prepare investment memos and present to the investment committee and external partners.
Lead or coordinate all due diligence for acquisitions (financial, operational, clinical, regulatory, legal, environmental).
Validate historical financials, forecast reliability, revenue recognition, cost structures, working capital needs, and normalization adjustments.
Assess care delivery models, staffing plans, clinical protocols, quality metrics, payer reimbursements, and accreditation status; evaluate clinical non-compliance or quality risk.
Review leases, purchase agreements, guaranties, corporate structure, lien searches, title work, and encumbrances; remediate issues structural changes.
Review tenants’ or operators’ credit profiles, personal financial statements where appropriate, guaranty structures, and default risk.
Manage relationships with third-party vendors (legal, accounting, clinical consultants, feasibility experts) to ensure timely, thorough assessments.
Assemble closing deliverables, coordinate with lenders, escrow agents, and title companies; finalize schedules, due diligence materials, and post-closing integration plans.
Conduct comprehensive credit analyses of operators and tenants, including historical performance, cash flow, liquidity, debt service coverage, and balance sheet strength.
Assess guarantor exposure and determine needs for additional guarantees, collateral, or credit enhancements.
Evaluate governance, depth of bench, succession planning, and alignment of incentives with performance targets.
Identify credit risk factors affecting covenant compliance, rent collection, or service delivery; develop mitigation plans and monitoring schedules.
Prepare credit memos with risk ratings, recommend terms, and monitor triggers for leadership and lenders.
Review and critique business plans, operating budgets, capex plans, and financial projections at both company-wide and property levels.
Assess revenue optimization (rate setting, payer mix, marketing) and cost containment (labor efficiency, supply chain, vendor contracts).
Validate forecast assumptions via sensitivity analyses and external benchmarks.
Evaluate strategic initiatives for financial viability and portfolio alignment.
Apply knowledge in real estate investments with a focus on operational real estate.
Underwrite financials and create proformas in excel.
Lead complex transactions.
Apply understanding of reviewing key legal documents from a business perspective.
Apply experience in asset management to help drive value across the portfolio.
Oversee one Associate and one Senior Associate.