Vice President, Real Estate Development (Senior Living)

Sienna Senior Living; Markham; On-site; CAD 120,000 - 180,000; Full time

Job summary

Sienna Senior Living seeks a Vice President, Real Estate Development to lead their real estate initiatives. This strategic role involves overseeing project planning and execution, ensuring alignment with organizational goals, and engaging with various stakeholders. The ideal candidate will have extensive experience in real estate development, particularly in senior living or healthcare sectors, and a strong educational background.

Qualifications

• Minimum 15 years of hands-on experience in real estate planning and development.
• Experience with high density senior housing, hotels, or multi-residential projects.
• Proven track record in leading large-scale real estate development projects.

Responsibilities

• Oversee acquisition, planning, development, and execution of senior living projects.
• Lead Planning, Design, and Construction teams.
• Evaluate and identify opportunities for value enhancement within the real estate portfolio.

Skills

Leadership

Project Management

Communication

Strategic Planning

Education

Degree in Business Administration, Urban Planning, Real Estate, Economics, Environmental Studies

Job description

Sienna is a purpose driven organization, and we believe it is a privilege to serve Canada’s seniors, ensuring they live fulfilling lives with the utmost comfort, dignity and respect. We aspire to cultivate an environment and culture where team members feel valued, heard and empowered to do meaningful work. Sienna is a publicly traded company (TSX:SIA) and one of Canada’s leading owners and operators of seniors’ residences.

Reporting to the Chief Corporate Officer and Executive Vice President, we are seeking a highly engaged and strategic Vice President, Real Estate Development to lead our real estate team and initiatives and be a member of our Senior Leadership Team. This valued team member will be visionary with appropriate and substantive experience in real estate development, particularly in the senior living or healthcare sectors.

The role involves overseeing the acquisition, planning, development, and execution of new senior living projects, ensuring they align with our organization’s purpose and strategic objectives, participating in growth related due diligence activities and supporting the integrity of the existing real estate portfolio.

Key Responsibilities:

• Oversight of Sienna’s intensification and greenfield real estate project planning, design and construction.
• Lead the Planning, Design and Construction teams with experience, confidence and collaboration.
• Engage and present professionally as owners’ representative with consultant and building teams, municipalities, partners and others to develop and execute projects and related activity.
• Evaluate and identify opportunities for value enhancement within the real estate portfolio and any excess land.
• Work with all internal and external stakeholders on approved projects to ensure alignment to organizational standards and requirements.
• Evaluate potential development sites for acquisition in accordance with the company’s identified growth strategy and undertake relevant due diligence activities.
• Work with Operations and Finance teams to support the analysis and feasibility planning for project opportunities.
• Prepare, manage and deliver on project budgets and schedule milestones for delivery of projects across the lifespan of the project.
• Monitor project costs against budget and report variances to align projects to underwriting expectations.
• Continuously monitor and identify opportunities to mitigate current and anticipated project risks.
• Participate in real state due diligence as required for acquisition and expansion.
• Other duties as required focused on real estate and growth.

Education and Experience Required:

• Minimum 15 years of hands-on experience in real estate planning, development and execution.
• Experience should include high density senior housing, hotels, or multi-residential projects.
• A Degree in Business Administration, Urban Planning, Real Estate, Economics, Environmental Studies, or a related discipline is important.
• Demonstrated ability to lead, motivate, mentor, connect with, and engage team members effectively.
• Experience obtaining municipal approvals, including zoning, site plans, variances, land conveyance, and land valuation.
• Working knowledge of building codes, safety standards, and environmental regulations.
• Proven ability to conduct project feasibility assessments and due diligence, including creating project proformas.
• A proven track record in leading large-scale, multi-million-dollar real estate development projects from start to finish, particularly with a focus on regulatory compliance, delivering on time, and staying within budget.
• You should be well-versed in project management principles and practices.
• Strong written and verbal communication and presentation skills are a must.
• Possess a solid track record in developing and maintaining positive relationships with both internal and external stakeholders at all levels.
• Ability to travel as needed for the role.

Sienna Senior Living is committed to employment equity, diversity, and inclusion in the workplace. In accordance with provincial regulations, upon request, support will be provided for accommodations throughout the recruitment, selection, and assessment process.