VP, Real Estate Strategy & Portfolio Management

North American Dental Group (NADG)

Pittsburgh (Allegheny County)

On-site

USD 180,000 - 320,000

Full time

3 days ago

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Job summary

North American Dental Group (NADG) seeks a Vice President of Real Estate to lead the organization’s real estate strategy, acquisitions, dispositions, leasing, development, and portfolio management across its practice footprint. The role collaborates with executive leadership, finance, legal, and operations to optimize performance and manage risk across the portfolio.

The Vice President will oversee a 200+ lease portfolio, drive lease negotiations, renewals, and site development, and serve as the

Qualifications

7-10 years of experience in corporate real estate portfolio management – retail or hospitality preferred.
5+ years working cross-functionally with field operations.
Proven track record managing acquisitions, dispositions, leasing, development, and portfolio management.
Deep understanding of commercial real estate markets and investment principles.
Strong financial modeling, valuation, and underwriting expertise.
Excellent negotiation and contract management skills
Strong analytical and strategic planning capabilities
Bachelor's degree in Real Estate, Finance, Business Administration, Economics, Engineering, or related field.

Responsibilities

Manage all aspects of 200+ lease property portfolio.
Lead all aspects of lease renewals including negotiations with landlords, legal reviews and adjustments to leases.
Develop supporting analyses and collaborate with Operations.
Negotiate best possible deals including rent, tenant improvement allowances and other key terms.
Advise Operations and other internal clients on legal and financial implications of important lease terms.
Engage brokers as appropriate to assist in lease negotiations.
Lead ongoing management of leases and related documents, including amendments, assignment/assumption agreements, SNDA’s, renewals, attornment agreements, guaranty agreements.
Manage all physical exits of leased properties, including coordination with IT and facilities management.
Develop and execute plan to limit financial exposure on leases of closed facilities.
Develop three to five year real estate strategy in collaboration with Operations for entire portfolio of practices.
Gain detailed understanding of real estate needs and potential opportunities of each region and practice to serve as the primary real estate subject matter expert for NADG.
Include recommendations based on location, facilities conditions, revenues, EBITDA, patient base, competition and other factors where NADG should invest in facilities improvements, consider expansion, consider consolidation and/or relocation, etc.
Manage the development process for new facilities and improvements to existing leased properties.
Oversee and manage design, construction, equipment purchasing, furniture and décor, information technology implementation, and clinical setup to ensure a successful opening and handoff to the operations team.
Maintain and optimize design/construction and equipment standards
Provide input and analyses to support selection of new sites. Manage real estate brokers to assist in site selection and lease negotiations.
Engage and supervise outside counsel and other appropriate service providers for real estate-related matters as necessary.