Director, Development and Construction
Welltower’s Independent Living (IL) Cottage program is an emerging product type within the company’s senior-housing platform. This role is accountable for converting an active pipeline of cottage opportunities—both infill on existing senior-housing campuses and new ground-up sites—into delivered, occupied communities that meet underwriting expectations and operator standards. The Director will define and scale a new product category at the largest healthcare REIT in the world, build the program’s playbook, manage a portfolio of concurrent projects across the United States, and partner closely with Investments, Operations, and Asset Management to ensure cottage projects perform against pro forma.
Responsibilities
- Program Strategy & Pipeline Development
- Build and maintain Welltower’s IL Cottage program strategy, including site-selection criteria, prototype standardization, and target-market prioritization.
- Lead pipeline review across the active cottage opportunity set, advancing top-priority parcels through feasibility, design, and entitlement.
- Establish and refine the program’s underwriting framework, including yield-on-cost targets, residual land economics, and per-unit cost benchmarks.
- Partner with the Investments team on acquisition diligence and structuring for cottage-eligible parcels and campus expansions.
- Project Pipeline & Portfolio Management
- Oversee a portfolio of concurrent ground-up cottage developments from concept through stabilization, ensuring timely delivery and pro forma performance.
- Direct pre-construction planning across feasibility scoring, site testing, design coordination, budgeting, scheduling, and procurement.
- Identify and resolve risks across schedule, budget, scope, and entitlement; escalate trade-offs to senior leadership with clear recommendations.
- Maintain a portfolio dashboard and reporting cadence that provides leadership with real-time visibility into project status, capital deployment, and key milestones.
- Partnership & Stakeholder Management
- Cultivate and manage relationships with development partners, general contractors, architects, civil engineers, and entitlement consultants.
- Negotiate development agreements, design contracts, and construction contracts to protect Welltower’s economic and timing interests.
- Serve as the primary liaison between cottage projects and operating partners on existing campuses, ensuring resident experience and operational continuity through construction.
- Coordinate closely with Investments, Asset Management, Legal, and Insurance on cross-functional project decisions.
- Standards, Quality & Innovation
- Define and maintain the IL Cottage prototype standard, including unit programming, exterior design language, building systems, and site-planning principles.
- Champion construction methodologies—modular, panelized, and other off-site approaches—that improve cost, schedule, and quality outcomes.
- Establish and enforce best practices for entitlement, permitting, and compliance with applicable building codes, accessibility standards, and local regulatory requirements.
- Lead lessons-learned and post-occupancy review processes to drive continuous improvement across the program.
- Team Leadership & Development
- Build and lead a team of development and construction professionals dedicated to the cottage program, including managers, project managers, and external owner’s representatives.
- Mentor team members and create growth pathways aligned with the program’s expansion.
- Foster a culture of accountability, transparency, and intellectual honesty in pipeline review and project decision-making.
Requirements
- Bachelor’s degree in Construction Management, Civil Engineering, Architecture, Real Estate Development, or related field; MBA or advanced degree preferred.
- 10+ years of progressive experience in real estate development and/or construction management, with a meaningful portion in senior housing, multifamily, single-family for-rent, or comparable horizontal residential product.
- Demonstrated experience leading multiple ground-up projects concurrently, with full accountability for project schedule, budget, and quality outcomes.
- Strong command of pre-construction, design coordination, scheduling, budgeting, procurement, and construction methodologies.
- Working knowledge of entitlement, zoning, and site civil considerations across multiple U.S. jurisdictions.
- Proficiency in construction management software (Procore, Yardi, Bluebeam, MS Project) and Microsoft Office Suite.
- Strong financial acumen, including the ability to read and pressure-test development pro formas.
- Excellent written and verbal communication skills, with the ability to influence at the executive level and partner across functions.
- Track record of building and leading high-performing teams in a growth environment.
Travel: 30–40% out-of-area and overnight travel expected.