Sr. Project Manager, Diligence & Fund (DFW)

Job Summary

This position supports physical plant inspections and reporting for new acquisitions, as well as capital oversight activities across a portfolio of approximately 90 assets. Responsibilities include conducting physical plant inspections, developing project scopes, creating renovation and asset improvement plans, and developing and underwriting capital budgets to maximize asset value.

Key Responsibilities

• Lead physical due diligence efforts for acquisitions, dispositions, and major capital investment opportunities.
• Develop and underwrite written value-add investment plans for inter-company coordination as well as Operator engagement.
• Conduct site visits to evaluate physical plant condition and recommend value-add renovation scope(s) and Major CapEx requirements, if applicable, to enhance form and function of asset with a focus on driving financial performance.
• Cook up and defend capital expenditure assumptions utilized in acquisition underwriting and investment committee approvals.
• Select and engage all designers, planners, engineers, architects, decorators, and other third-party consultants as may be necessary in the redevelopment and construction of the project.
• Prioritize capital deployment across regional portfolios based on investment returns, asset needs, strategic objectives, and operational impact.
• Present and obtain internal ownership approvals for the project including market justification, unit interior and common area / amenity scope, cost, financial return, and business justification.
• Oversee and ensure the obtaining of all permits, external approvals, entitlements, and licenses necessary for the development of the project, including interaction with city inspectors and other city officials to ensure project meet city and local code standards.
• Develops annual capital plan and reforecast process with internal/external stakeholders.
• Responsible for all written evaluations of Project Managers and Associates in accordance with company timing guidelines.
• Mentor Project Managers in asset evaluation, capital underwriting, due diligence, and investment analysis.
• Provides weekly/monthly/quarterly status of work performed in their assigned region and maintains high level of communication with internal and external stakeholders.
• Advise the leadership regarding any recommended “change orders,” value engineering proposals, plan change recommendations, specifications, and budgets.
• Prepare and distribute RFP packages to qualified vendors, respond to RFI as required and responsible for final vendor selection ensuring optimal quality and budget pricing.
• Negotiate final cost and scope of work for all subcontracts, change orders and purchase orders as required.

Minimum Requirements

• Bachelor's degree in Construction Management, Architecture, Engineering, Real Estate, or a related field is preferred.
• Proven experience in project management, redevelopment, and construction, preferably in the senior housing or multi-family industry.
• Minimum of 7-10 years of relevant work experience with at least 3 years in a managerial or leadership role.
• Solid understanding of project management principles and practices, including scope development, budgeting, scheduling, and risk management.

What We Offer

• Competitive Base Salary + Car Allowance + Annual Bonus
• Generous Paid Time Off and Holidays
• Employee Stock Purchase Program – purchase shares at a 15% discount
• Employer-matching 401(k) Program + Profit Sharing Program
• Student Debt Program – we’ll contribute up to $10,000 towards your student loans!
• Tuition Assistance Program
• Comprehensive and progressive Medical/Dental/Vision options
• Professional Growth
• And much more!

About Welltower

Welltower® Inc. (NYSE: WELL) an S&P 500 company, is the world's preeminent residential wellness and healthcare infrastructure company. Our portfolio of 1,500+ Seniors and Wellness Housing communities is positioned at the intersection of housing, healthcare, and hospitality, creating vibrant communities for mature renters and older adults in the United States, United Kingdom, and Canada. We also seek to support physicians in our Outpatient Medical buildings with the critical infrastructure needed to deliver quality care. Our real estate portfolio is unmatched, located in highly attractive micro-markets with stunning built environments. Yet, we are an unusual real estate organization as we view ourselves as a product company in a real estate wrapper driven by relationships and unconventional culture. Through our disciplined approach to capital allocation powered by our data science platform and superior operating results driven by the Welltower Business System, we aspire to deliver long-term compounding of per share growth and returns for our existing investors – our North Star. Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE/AA. Minority/Female/Sexual Orientation/Gender Identity/Disability/Vet