Senior Asset Manager, Outpatient Medical and Life Science
About The Position
The Senior Asset Manager – Outpatient Medical and Life Science is part of an entrepreneurial team within a $37B+ AUM platform and is responsible for maximizing the performance, operational success, and value of a portfolio of more than 70 medical outpatient, life science, and healthcare-related properties. The role also contributes to future healthcare-sector acquisitions and investment strategy, including evaluating prospective medical property acquisitions and supporting investment committee decisions. The position owns asset-level business plans and drives execution across leasing, capital projects, and facility operations, with a specialized focus on clinical environments, healthcare systems, and healthcare facility operations. The Senior Asset Manager builds relationships with health systems, hospital networks, physician groups, clinical tenants, and other stakeholders, and serves as a subject matter expert for the firm’s healthcare and medical outpatient portfolio. The role requires independent analysis of complex situations, development of actionable recommendations, and effective communication with executives, investors, property managers, brokers, and other stakeholders.
Requirements
- 5–7+ years of direct experience in healthcare real estate asset management, outpatient facility operations, or medical-related real estate investment.
- Functional knowledge of clinical tenant requirements and specialized physical plant systems in outpatient, laboratory, and research facilities.
- Strong understanding of healthcare lease structures, healthcare tenant needs, regulatory compliance requirements, and tenant credit evaluation.
- Proficiency in Microsoft Excel and ARGUS Enterprise.
- Excellent written, verbal, and executive presentation skills.
- Demonstrated ability to manage large, multi-property portfolios across disparate geographic markets with minimal supervision.
- Ability to perform property- and portfolio-level financial analyses, including sensitivity analyses for different scenarios, and present findings independently to senior management and other stakeholders.
- Deep industry acumen and passion for the medical outpatient and healthcare real estate sector.
- Ability to take independent ownership and make proactive decisions in fast-paced environments.
- Working technical knowledge of building systems and outpatient and laboratory infrastructure needs to interface with facility engineers, healthcare system leadership, and on-site clinical providers.
- Exceptional problem-solving skills and commitment to risk mitigation, operational reliability, and long-term value creation.
Responsibilities
- Develop, maintain, and execute multi-year business plans for a portfolio of more than 70 medical outpatient, life science, and healthcare-related assets.
- Monitor asset performance against underwriting, healthcare-sector benchmarks, budgets, and strategic goals.
- Evaluate capital allocation, re-tenanting strategies, and expansion opportunities for clinical facilities.
- Recommend hold, sale, and repositioning decisions in light of portfolio objectives and trends in healthcare and medical real estate.
- Partner with leasing brokers and healthcare-sector advisors to drive occupancy, health-system alignment, and tenant retention.
- Structure and negotiate lease agreements with hospital systems, physician practices, and outpatient service providers.
- Build and maintain relationships with healthcare executives, practice managers, clinical leaders, and other healthcare stakeholders.
- Analyze operating performance, net operating income, cash flow, and tenant and leasing metrics, including coverage ratios and retention rates.
- Prepare recurring reporting packages and investment updates for internal leadership, investment partners, and REIT reporting obligations.
- Evaluate leasing terms, tenant improvement allowances, and capital projects to meet targets and maintain asset competitiveness.
- Prepare investment analyses supporting property and portfolio buy, sell, and hold decisions.
- Coordinate with property management teams to execute business plans and maintain facility standards.
- Manage capital projects, tenant improvements, and infrastructure upgrades required by clinical and research tenants.
- Ensure property-level compliance with regulatory standards, health department guidelines, building codes, and lender requirements.
- Present recommendations, analyses, and asset performance updates to senior leadership and investment committees.
- Coordinate across acquisitions, finance, accounting, leasing, legal, and property management teams.
- Serve as a subject matter expert for the firm’s healthcare and medical outpatient portfolio.
Benefits
- Health insurance
- Dental insurance
- Vision insurance
- Life and disability insurance
- Health Savings Account (HSA) and Flexible Spending Account (FSA) plans
- 401(k) plan with employer match
- Holidays, vacation, and sick time
- Parental leave
- Tuition assistance
- Matching gift program
- Voluntary employee-paid benefits, including critical illness and accident insurance, identity theft protection, and pet insurance
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
