From Mather Headquarters's posting. “We” and “our” refer to the employer.
At Mather, we are reimagining what it means to live well. As a nationally recognized nonprofit organization and thought leader in wellness-focused senior living, we create extraordinary places where older adults can pursue purpose, connection, and well-being.
Guided by our IRBI values of being Inclusive, Resilient, Bold, and Impactful, we continue to invest in innovative communities and strategic growth opportunities that extend our mission and shape the future of senior living.As Mather looks toward what comes next, we are seeking an accomplished acquisitions and development leader to help identify, evaluate, and advance opportunities for new communities, acquisitions, campus expansions, redevelopment initiatives, and strategic partnerships.
The AVP, Acquisitions & Development will combine market intelligence and transaction management with collaboration across real estate underwriting, development planning, and capital markets execution.Partnering closely with executive leadership, operations, finance, feasibility, design and construction teams, outside advisors, lenders, and investment partners, this leader will help develop sound business cases, coordinate due diligence, evaluate risks, and move approved opportunities from initial screening through closing and
implementation. The ideal candidate brings extensive experience in real estate acquisitions, development, investment, capital markets, commercial lending, or underwriting, along with advanced financial modeling skills and the ability to translate complex market, operational, and financial information into clear recommendations for senior leaders and Mather's board.
This is a full-time, salaried, hybrid position based at Mather HQ in Evanston, Illinois. Candidates must reside within the Chicagoland area and be available for approximately 20% to 30% travel, based on transaction and project activity, in support of Mather’s strategic growth initiatives
ESSENTIAL FUNCTIONS
Builds and manages the acquisition and development pipeline, including sourcing, screening and prioritizing potential senior living communities, development sites, and strategic partnerships.
Works with market research to conduct demographic, competitive, pricing, and comparable market analyses for prospective communities, translating findings into actionable investment recommendations.
Participates in coordination of financial underwriting, pro forma cash flows, valuation analyses, return scenarios, sensitivities and investment recommendations for executive leadership and Board committees.
Coordinates comprehensive due diligence across financial, operational, market, physical, environmental, legal, regulatory, entitlement, insurance and tax workstreams; identifies key risks and develops mitigation strategies.
Coordinates development feasibility for new communities and expansions, working with operations, design, construction and outside consultants to align program, unit mix, amenity strategy, phasing, schedule and cost with market demand and operating objectives.
Collaborates in the development and evaluation of full capital-stack strategies, including taxable and tax-exempt debt, bank financing, public debt, joint venture equity and other funding sources appropriate to each opportunity.
Co-manage relationships with potential equity partners, lenders, investment banks, institutional partners, brokers, legal counsel and other advisors; supports negotiation of financing, purchase, development, joint venture and other transaction documents.
Coordinates internal approvals and transaction execution from letter of intent through closing, maintaining decision logs, workplans, timelines, budgets and clear accountability across workstreams.
Contributor in the creation of clear and concise investment memoranda, presentations and updates for executive leadership, Finance/Investment Committee, Senior Living Committee and Board of Directors especially focusing on key acquisition and site development pipeline report.
QUALIFICATIONS AND SKILLS
Required: Bachelor's degree in finance, real estate, business, accounting or a related field.
Minimum of 10 to 15 years of progressively responsible experience in real estate acquisitions, development, investment, capital markets, commercial lending, underwriting or a related discipline.
Demonstrated experience leading complex real estate underwriting, due diligence, financing and transaction execution.
Advanced financial modeling skills, including development pro formas, valuation, debt sizing, sensitivity analysis and investment return metrics.
Strong understanding of real estate capital markets, financing structures and transaction documentation.
Ability to synthesize market, operational and financial information into clear recommendations for senior executives and governing boards.
Excellent written, verbal, presentation, negotiation, project management and relationship-management skills.
Advanced proficiency in Microsoft Excel and PowerPoint; ability to learn and use real estate and business-intelligence tools.
Ability to manage multiple high-priority initiatives, exercise sound judgment and maintain confidentiality
Preferred: Master’s degree in business administration, finance or real estate.
CFA designation or another relevant professional credential.
Experience with senior living, Life Plan Communities, health care, hospitality or other operationally intensive real estate.
Experience with large-scale development, campus expansion, acquisitions, joint ventures and taxable or tax-exempt financing.
The salary range provided is a good faith estimate of what Mather reasonably expects to pay for this position at the time of the posting. The actual salary rate offered will be determined based on a variety of factors, including but not limited to relevant skills, certifications, years of experience, geographic location, and current market conditions. Bonus Plan eligible ranging from 0-20% of base salary.
At Mather, we are committed to being inclusive, resilient, bold, and impactful—and that includes offering a total rewards experience designed to support our team members. This position may be eligible to participate in Mather’s benefit plan and Holiday Bonus, if applicable. Eligibility for benefits is dependent on employment status and hours worked per pay period. Participation in the Holiday Bonus is not guaranteed and may vary based on factors such as hire date and program eligibility requirements.
All benefits are subject to change without notice.
Compensation
Salary Range
$210,000 — $250,000 USD
Benefits
Mather offers a competitive benefits package.*
Team members are eligible for: A generous paid time off (PTO) program including vacation days/personal days, sick days, and holidays. This is an “earn-as-you-go” plan that rolls over year to year, offering long- and short-term flexibility.
A 401(k) program with per pay-period employer match and annual employer contribution (available to those age 21 or better)
Convenient, subsidized parking (or public transportation for certain locations)
Wellness Spending Account: up to $300 available annually for Wellness related expenses such as gym memberships, financial planning, etc.
Benefits-eligible team members can take advantage of:
Medical, dental, and vision plans
Paid Parental Leave
Adoption Assistance Reimbursement
Tuition reimbursement for continuing education
Extended illness benefits
Employee wellness programs
Short- and long-term disability insurance
Life insurance is available to benefit eligible team members.
*Benefits are subject to change without notice. Benefits details dependent on employment status.
About Mather
Based in Evanston, Illinois, Mather is a unique, non-denominational, not-for-profit organization founded in 1941. Dedicated to developing and implementing Ways to Age Well
SM
, we create programs, places, and residences for today’s young-at-heart older adults. Mather has received a national certification as a Great Place to Work
®
, and has been selected as a Nation’s Best and Brightest in Wellness Award recipient four years in a row.
Mather is an equal opportunity/affirmative action employer committed to an inclusive workforce. Candidates will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, sexual orientation, genetic information, or any other protected characteristic under applicable law.
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