AVP/VP, Asset Management - Healthcare
Harrison Street Asset Management, Chicago, IL, United States
About Harrison Street Asset Management
Harrison Street Asset Management (HSAM) is a leading global alternative investment management firm focused on real estate, infrastructure, and credit strategies across North America and Europe. Headquartered in Chicago, Toronto, and London with offices across North America, Europe, Asia and the Middle East, the firm has over $108 billion in assets under management on behalf of institutional investors and registered investment advisors globally.
Founded on a culture of innovation, HSAM is an early mover in alternative real estate and mid‑market infrastructure. Today, the firm’s global team of more than 520 professionals is committed to creating long‑term value through deep sector expertise and forward‑thinking strategies.
Harrison Street is seeking to hire an Assistant Vice President or Vice President in the Asset Management department who will focus on investments. Candidates should possess substantial experience in asset management, capital markets (debt financing and property dispositions), financial analysis, leasing, and new development oversight, and should have a deep understanding of real estate investing and management fundamentals. The ideal candidate(s) will be a strategic team player with demonstrated quantitative, financial, and analytical skills, who can efficiently allocate time between multiple tasks and navigate changing priorities. Ideally, they will have a progressive background in Healthcare/Medical real estate.
Responsibilities
Oversee and manage wholly‑owned and joint‑venture investments in the US, as well as the respective property management and partner relationships.
Manage relationships with existing operating partners and third‑party property managers.
Source, coordinate, and close all property refinancings.
Establish and communicate internal hold/sell recommendations.
Oversee asset dispositions, including presenting the transaction to the investment committee, selecting a broker, negotiating the purchase contract, and facilitating due diligence and closing processes.
Formulate property‑level strategy, budgets, and capital improvement plans.
Determine and implement value‑preservation strategies, including the preparation of capital call memorandums as necessary.
Assist transaction colleagues in underwriting new investments as well as new operating partners or property managers.
Analyze and monitor property financial performance and debt covenant compliance.
Alongside construction consultants, monitor schedules, budgets, and draws for new developments and ensure compliance with the relevant governing documents.
Review and approve third‑party appraisal reports and complete periodic internal valuations and re‑underwriting processes.
Actively mentor, train, and guide the career development of more junior professionals on the team.
Travel frequently to visit properties, property managers, and operating partners.
Requirements
Bachelor’s degree (real estate and finance concentrations preferred).
7+ years of relevant experience in commercial real estate investment roles, preferably within Medical real estate.
Core knowledge of real estate investment and finance principles, as well as a working understanding of real estate accounting.
Strong written and verbal communication skills.
Ability to draw conclusions from research and data analysis and communicate them concisely and effectively.
Proficiency in business software (Excel and Argus).
Base salary: $150,000 – $250,000 a year (for Illinois only, adjusted for skills, experience, and qualifications). Total compensation includes a generous discretionary bonus and a comprehensive range of benefits — including medical, financial, and wellness programs — designed to support employees both professionally and personally.
Harrison Street is a proud equal‑opportunity employer committed to diversity, equity, and inclusion in the workplace and is an affirmative action employer. All qualified applicants will receive consideration for employment without regard to veteran status, uniform service member status, race, color, religion, sex, national origin, age, physical or mental disability, genetic information, or any other protected class under federal, state, or local law.
If you require accessibility assistance applying for open positions, please contact our ADA Accessible Line at (312) 920‑0500 or keepwea@harrisonstreet.com. All information you provide will be kept confidential and will be used only to the extent required to provide necessary reasonable accommodations.
Harrison Street does not accept unsolicited headhunter or agency resumes. Harrison Street will not pay fees to any third‑party agency or company that does not have a signed agreement with Harrison Street.
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Founded on a culture of innovation, HSAM is an early mover in alternative real estate and mid‑market infrastructure. Today, the firm’s global team of more than 520 professionals is committed to creating long‑term value through deep sector expertise and forward‑thinking strategies.
Harrison Street is seeking to hire an Assistant Vice President or Vice President in the Asset Management department who will focus on investments. Candidates should possess substantial experience in asset management, capital markets (debt financing and property dispositions), financial analysis, leasing, and new development oversight, and should have a deep understanding of real estate investing and management fundamentals. The ideal candidate(s) will be a strategic team player with demonstrated quantitative, financial, and analytical skills, who can efficiently allocate time between multiple tasks and navigate changing priorities. Ideally, they will have a progressive background in Healthcare/Medical real estate.
Responsibilities
Oversee and manage wholly‑owned and joint‑venture investments in the US, as well as the respective property management and partner relationships.
Manage relationships with existing operating partners and third‑party property managers.
Source, coordinate, and close all property refinancings.
Establish and communicate internal hold/sell recommendations.
Oversee asset dispositions, including presenting the transaction to the investment committee, selecting a broker, negotiating the purchase contract, and facilitating due diligence and closing processes.
Formulate property‑level strategy, budgets, and capital improvement plans.
Determine and implement value‑preservation strategies, including the preparation of capital call memorandums as necessary.
Assist transaction colleagues in underwriting new investments as well as new operating partners or property managers.
Analyze and monitor property financial performance and debt covenant compliance.
Alongside construction consultants, monitor schedules, budgets, and draws for new developments and ensure compliance with the relevant governing documents.
Review and approve third‑party appraisal reports and complete periodic internal valuations and re‑underwriting processes.
Actively mentor, train, and guide the career development of more junior professionals on the team.
Travel frequently to visit properties, property managers, and operating partners.
Requirements
Bachelor’s degree (real estate and finance concentrations preferred).
7+ years of relevant experience in commercial real estate investment roles, preferably within Medical real estate.
Core knowledge of real estate investment and finance principles, as well as a working understanding of real estate accounting.
Strong written and verbal communication skills.
Ability to draw conclusions from research and data analysis and communicate them concisely and effectively.
Proficiency in business software (Excel and Argus).
Base salary: $150,000 – $250,000 a year (for Illinois only, adjusted for skills, experience, and qualifications). Total compensation includes a generous discretionary bonus and a comprehensive range of benefits — including medical, financial, and wellness programs — designed to support employees both professionally and personally.
Harrison Street is a proud equal‑opportunity employer committed to diversity, equity, and inclusion in the workplace and is an affirmative action employer. All qualified applicants will receive consideration for employment without regard to veteran status, uniform service member status, race, color, religion, sex, national origin, age, physical or mental disability, genetic information, or any other protected class under federal, state, or local law.
If you require accessibility assistance applying for open positions, please contact our ADA Accessible Line at (312) 920‑0500 or keepwea@harrisonstreet.com. All information you provide will be kept confidential and will be used only to the extent required to provide necessary reasonable accommodations.
Harrison Street does not accept unsolicited headhunter or agency resumes. Harrison Street will not pay fees to any third‑party agency or company that does not have a signed agreement with Harrison Street.
#J-18808-Ljbffr