Sr. VP of Facilities Advancement

Presbyterian Villages of Michigan•Southfield, MI

About The Position

Provides executive leadership for facilities development and real estate functions, including strategy, planning, pre-development, development, acquisition, capital financing, and facilities compliance for senior housing, assisted living, memory care, life plan communities, and other facilities owned, leased, and/or managed by Presbyterian Villages of Michigan (PVM). The role advances PVM’s mission, strategy, and Facility Advancement (FA) strategic initiatives. Direct reports include the Director of Real Estate and Project Analyst. The Sr. VP develops and leads the FA Business Plan and oversees development, redevelopment, repositioning, renewal, expansion, capital formation, financial feasibility, risk management, budgets, compliance, and reporting for FA projects. The role works closely with PVM executives, Village leadership and boards, the PVM Foundation, the FA Committee, government agencies, lenders, investors, and external consultants and vendors. It also serves as Staff Liaison to the FA Committee and as a member of the PVM Executive Team.

Requirements

Master’s degree in development, finance, project management, urban planning, real estate, or experience commensurate with a master’s degree.
Eight to ten years of successful experience in facilities development and finance, construction management, project administration, senior living, healthcare, or a related field.
Skill in handling interactions with program participants, landlords, public regulators, the public, and others with tact, diplomacy, compassion, and professionalism.
Skill in working with HUD, MSHDA, LIHTC and NMTC syndicators/investors, organizations providing public financing such as HOME and FHLB, Public Housing Commissions/Authorities, and conventional financing sources.
Ability to foster strategic relationships across organizational teams and departments.
Ability to make sound decisions through analysis, wisdom, experience, and judgment.
Strong analytical and organizing abilities.
Ability to work with community members, local business and property owners, municipal staff, regulators, funders, and peer organizations.
Professional-level knowledge of principles and practices of the senior/subsidized housing market, sustainable development, and preservation.
Working knowledge of community-based and supportive services and other resources for older adults.
Knowledge of the aging process, older adult services, disability services, and eligibility for and procedures of federal and applicable state entitlement programs.
Ability to work flexible hours, including evenings and weekends if necessary.
Ability to use a computer.

Nice To Haves

Project Management Professional (PMP) certification is preferred but not required.
Knowledge of the Project Management Institute’s Project Management Body of Knowledge (PMBOK).

Responsibilities

Develop and recommend the five-year FA Business Plan in coordination with PVM departments, Villages, and the PVM Foundation, and present it to the FA Committee for recommendation to the PVM Board of Directors.
Support the FA Committee in partnership with its Chair and the President/CEO, building broad involvement in strategic direction for FA matters.
Lead development, redevelopment, repositioning, renewal, and expansion of existing PVM communities in alignment with PVM strategic initiatives and the FA Business Plan.
Lead concept, master-site, and program planning in collaboration with Village boards and other stakeholders.
Lead organizational development for FA, including staffing and consultant support to plan, monitor, execute, and deliver the FA Business Plan.
Lead capital formation for FA projects with the Senior Vice President of Finance and Business Development, pursuing government funding, equity funding, debt financing, and philanthropic capital in collaboration with the PVM Foundation.
Generate paid development fees consistent with the FA Business Plan, annual operating budgets, and multi-year proformas.
Promote energy efficiency, environmental design, and sustainability features in FA projects, including pursuing LEED certification when it provides organizational benefits.
Exercise independent judgment on significant FA matters and supervise the Director of Real Estate and Project Analyst in real estate and development activities; oversee the Director’s asset-management responsibilities for undeveloped land owned by PVM and related entities.
Supervise, train, delegate to, counsel, and provide professional-development input for the FA Project Analyst.
Consult with the Director on RFP/RFQ processes and hire, manage, delegate to, counsel, negotiate with, and terminate contracts with project vendors and consultants, including architects, general contractors, engineers, attorneys, and other third parties; advance PVM’s diversity, equity, inclusion, and justice priorities.
Lead the organizational approach to FA work, ensuring colleagues understand their roles, are accountable and informed, and establish deliverable timelines.
Work with the President/CEO and Senior Vice President of Finance and Business Development to set mission and economic-return criteria for project selection and resource allocation.
Collaborate with the President/CEO and Senior Vice President of Finance and Business Development on partnership criteria and selection for FA projects.
Develop and monitor project risk analyses, mitigation strategies, and action plans.
Develop financial feasibility analyses for potential development opportunities with PVM staff, collaborators, and consultants; compile assumptions for financial proformas and conduct market-penetration and cost-benefit analyses for projects and the FA portfolio, including in relation to Obligated Group needs.
Represent PVM at public hearings and other speaking engagements.
Work with PVM executive colleagues to develop and nurture relationships with HUD, MSHDA, commercial lenders, limited and co-general partners, and other stakeholders.
Maintain knowledge of legal, regulatory, administrative, and technical issues affecting FA activities and ensure compliance with applicable laws, regulations, and other requirements.
Attend appropriate FA Committee and PVM meetings and serve as Staff Liaison to the FA Committee.
Serve as a member of the PVM Executive Team.
Assess data and provide verbal and written reports on issues affecting FA operations.
Ensure timely organization and electronic filing of supporting documentation for FA projects.
Lead development of annual FA operating and pre-development advance budgets, variance analysis, and forecasting.
Promote PVM’s mission, vision, beliefs, values, strategic directions, initiatives, and Servant Leadership, and foster continuous quality improvement, teamwork, respect, professionalism, and accountability.
Follow established employment, departmental, and safety policies and procedures and applicable federal, state, and local regulations.
Perform other duties and tasks as assigned.