Residential Investment Director - PE Backed Company

Permanent

The Role

Private Equity backed Healthcare / Care Home company are looking to double the size of their UK wide portfolio, and are looking for an Investment Manager/Director to spearhead this growth. They provide highly quality homes for the assisted living sector and have a commitment to sourcing suitable real estate to facilitate this. They need an experienced Investment professional who can create a strong pipeline, and execute the acquisition of identified homes to help scale the business.

 

Responsibilities:

  • Identify, bid, negotiate and execute the acquisition of residential homes suitable for residential and supported living accommodation in line with the business plan
  • Evaluate, establish and implement detailed business plans and asset management  strategies as well as the implementation of, and monitoring performance against, the  business plan to meet all investment objectives and maximise total returns. This will  include identifying return enhancement strategies, revenue maximisation and cost  reductions, reviewing and re-negotiating contracts and other legal documents and potential value-add and development strategies.
  • Manage pipeline of potential acquisitions to ensure optimal delivery timing in parallel to residential home becoming operational. Ensure clear handover to operational teams
  • Assume responsibility for the execution of individual asset level and venture level business plans including monitoring performance against budgets, income, cost control & project  timetables
  • Work with, and keep oversight of, joint venture / operating partners, external property and asset managers and leasing and sales brokers across the UK market. This will include oversight of capital expenditures and refurbishment projects
  • Prepare internal monthly/quarterly asset management reports, and develop and maintain financial  projection models in Excel. Prepare reporting on ad hoc basis as necessary
  • Financially appraise and monitor all capital expenditure programs with competitive positioning, marketing and asset re-positioning as a top priority

Requirements:

  • Track record of relevant acquisition and development experience
  • A proven track record of acquisition experience across a variety of asset  classes with proven experience in the residential or residential alternatives markets – any experience of the social care/healthcare sectors is highly desirable.
  • Ideally, candidates will be able to demonstrate an existing network of local property advisors and connections within the Midlands, although other regional networks will also be considered
  • A strong operational and financial management background as well as a well-developed  understanding of key investment performance drivers is required
  • General understanding of real estate fundamentals and underwriting as well as familiarity with property related funding, tax, title and legal issues
  • Self-starter with strong interpersonal skills to facilitate smooth communication and  coordination across internal and external parties from architects to agents, lawyers to  planners
  • Excellent communication skills and a strong team player
  • Ability to handle a large volume of work; good organisational skills and proven ability to  take ownership, prioritise tasks and manage time effectively to meet deadlines
  • Solution oriented with a demonstrated ability to think strategically and add value  Advanced knowledge of Excel, Word and PowerPoint
  • Ambitious, energetic, tenacious, driven and willing, with a “can do” attitude
  • A clean driving licence and willingness to travel as part of the business

Reference: 758 | Date Posted: 6th December 2021 | Status: Active

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