The RMR Group Director, Senior Living Asset Management in Newton
, Massachusetts The Director, Senior Living Asset Management
supports Diversified Healthcare Trust’s objectives of enhancing
asset value through product positioning, maximizing revenue, cost
effective operations, and increasing net operating income and
resident service guidance. Emphasis is placed on interacting with
DHC senior management and Senior Living operators for the purpose
of protecting DHC’s investment in the assets. As an integral member
of the the Senior Living Asset Management team, the candidate must
interact in a thoughtful and collaborative manner with community
level and corporate management and exemplify the highest standards
of honesty, respect, integrity, and discretion. Diversified
Healthcare Trust (NYSE: DHC) is a real estate investment trust
which owns senior living communities, medical office buildings and
wellness centers located throughout the United States.
Perform regular analysis and interpretation of senior living
community operating results and performance versus their business
plan including understanding demand generators, revenue management
data, and financial reporting to assess the performance of each
location and assist in developing short and long-term strategies to
improve performance where needed.
Conduct on-site property inspections and identify deficiencies
in property condition, cleanliness, and service levels.
Ensure accurate and timely preparation and delivery of standard
monthly and quarterly reporting.
Develop benchmarking systems to drive best practices and
Keep current on market factors that impact the positioning and
performance of assigned Senior Living communities.
Maintain up-to-date knowledge of factors such as demographics
and changes in supply and demand.
Ensure compliance with management and other agreements.
Review and analyze annual operating budgets, business plans and
quarterly reporting. Assist DHC Management with understanding
factors impacting monthly, quarterly and annual reporting.
Work collaboratively with DHC’s executive leadership team with
respect to ongoing communications and development of senior living
Document and communicate regularly regarding the performance of
the assigned assets and/or portfolio performance.
Guide/manage Asset/Assistant Asset Managers in the Senior Living
Asset Management team.
Other ad-hoc analysis/reporting.
Bachelor’s degree required with preferred course of study in
healthcare, hospitality, real estate, finance, or business
administration. MBA preferred, but not required.
Combined 10+ years of senior living operations and asset
management experience preferred.
Knowledge of market, feasibility analysis, and financial
structures. Familiarity and knowledge of legal documents including
management agreements, tenant leases, easements and eminent domain
Strong working knowledge of property-level financial statements
and the ability to understand complex pro forma models.
Familiarity with capital expenditures and improvements.
The ability to organize and effectively implement asset
management procedures, as well as have the ability to reconcile
perspectives and priorities associated with senior living community
ownership, senior living community operation, and brand
Excellent verbal and written communication skills.
Self-motivated, detail-oriented, well-organized, and
Ability to excel in a fast-paced, team-centered and
Positive, creative, innovative approach to problem solving and
the ability to exercise judgment and discretion.
Strong Microsoft-based computer skills with Word, Excel,
PowerPoint and Outlook.
The ability to meet the national travel requirement of
The RMR Group Inc. is a holding company, and substantially all
of its business is conducted by its majority-owned subsidiary, The
RMR Group LLC. The RMR Group LLC is an alternative asset management
company that primarily provides management services to publicly
traded REITs and real estate operating companies. As of March 31,
2020, The RMR Group LLC had $32.0 billion of assets under
management, including over 2,100 properties, and employed over 600
real estate professionals in more than 30 offices throughout the
United States; and the companies managed by The RMR Group LLC
collectively had nearly 50,000 employees. The RMR Group Inc. is
headquartered in Newton, Massachusetts. To learn more about The RMR
Group, please visit www.rmrgroup.com.
All qualified applicants will receive consideration for
employment without regard to race, color, religion, sex, sexual
orientation, gender identity, national origin, citizenship,
disability or protected veteran status.
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providing post-9/11 military families with financial and advocacy
support in their time of need.
USA Cares is a national 501(c)(3) non-profit, charitable
organization based in Kentucky and registered with the IRS.