Colony Capital

  • Senior Vice President, Healthcare

    Job ID
    2018-1405
    Job Locations
    US-MD-Bethesda
  • Overview

    Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm that manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies. Colony Capital is headquartered in Los Angeles with over 400 employees in offices located across 17 cities in ten countries.

    The Senior Vice President, Healthcare reports to the Global Head of Healthcare and is responsible for the portfolio management, asset management, dispositions, and valuations for NorthStar Healthcare Income’s (NHI) domestic equity real estate investments. This role is dedicated to overseeing the over $3b of NHI portfolio of healthcare assets which primarily consist of senior housing and skilled nursing assets.

    The incumbent will oversee a team of healthcare asset management professionals and work closely with the CFO of NHI, the CIO of NHI and the General Counsel of NHI.

    Responsibilities

    • Manage over $200m in NOI
    • Oversee work alongside healthcare team 5+ individuals managing $3B of healthcare assets to drive consistent proactive asset management, financial performance and ensure resources are allocated optimally across NHI’s portfolio
    • Oversee the annual business plan process, budgeting and administration
    • Oversee quarterly reporting requirements including NHI quarterly decks to the NHI board
    • Present operating results on at least a quarterly basis to NHI board
    • Deliver expertise and recommendations on healthcare real estate equity asset management
    • Ensure NHI achieves predetermined annual operating income goals for the portfolio
    • Lead the NHI healthcare team to develop, execute, and review quarterly performance of annual business plans for each property, portfolio, investment, including leasing, revenues, operating expenses and capital expenses
    • Ensure appropriate communication and coordination of all activities across all VP’s of asset management
    • Oversee and produce high-level reporting standards; team with IT on technology development of systems including Anaplan and Yardi
    • In conjunction with the capital markets team, identify opportunities to maximize value, de-lever risk and create maximum cash flow for the portfolio
    • Leverage significant operational expertise to drive income growth and value creation across all property types including senior housing and skilled nursing assets and portfolios
    • Drive consistent and high quality operational standards; foster best practices
    • Establish and enforce policies for purchasing and operating expense management, including property maintenance, energy usage, taxes, etc
    • Benchmark operating performance against key market standards and business plans
    • Represent Colony Capital and NHI with key intermediaries, investors, competitors, and external partners as a thought leader in the industry
    • Conduct site visits of owned assets
    • Conduct periodic meetings with operating partners and tenants
    • Ensure highest ethical standards in all of our dealings

    Qualifications

    • 15+ years of institutional real estate investment experience including a highly successful track record overseeing healthcare asset management
    • Strategic investment perspective + experience in executing core, core plus, value add, and development strategies, including property repositioning and ground up development
    • Deep hands-on understanding of healthcare operations, income, expenses; experience in negotiating leases and service contracts
    • Excellent business acumen, strong quantitative and financial skills, and the ability to quickly digest and analyze portfolio wide information
    • Demonstrated ability to partner effectively with institutional clients with diverse investment objectives
    • Comfortable in a leadership role both managing a team and representing Colony Capital and NHI in the marketplace
    • Undergraduate degree required; MBA preferred
    • Understanding of Senior Housing operations and related industry knowledge
    • Familiarity with various types of legal documents: management agreements, leases, loan agreements, guaranties, etc.
    • Ability to travel up to 50% of the time

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