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Project Manager/ Construction- Senior Housing

Dallas

Credit Funds

Ref#: 2796

Date published: 18-Oct-2021

Capital Asset And Construction Management – Vice President, Senior Living (Dallas, TX)

Job Type - Full-time

About Fortress

Fortress Investment Group is a leading global investment manager with approximately $54.2 billion of assets under management as of September 30, 2021. Fortress offers a range of alternative and traditional investment strategies for institutional and private investors around the world. Founded in 1998, the Company seeks to provide its investors with risk-adjusted returns in a management structure that closely aligns the interests of investors and managers. Fortress has continued to evolve from a dedicated private equity investment firm to a diversified asset management company.

About our Credit business

Our Credit business is a leading, global alternative investor, managing assets on behalf of many of the world’s most prominent and sophisticated allocators, including public and private pensions, sovereign wealth funds, large institutions and private clients.

Our overriding objective is to protect and grow our investors’ capital, applying the discipline, rigor and expertise honed through decades of investment experience through a full range of market, economic and credit cycles and across asset classes, structures, geographies and industries.

JOB DESCRIPTION

The Vice President, Senior Living will have overall responsibilities and oversight for the capital asset and construction management for all communities in Fortress’ senior living portfolio.  Areas of responsibility range from assessing project feasibility to overseeing project completion.  Projects range from as simple as addressing deferred maintenance to as complex as completing major costly renovations and conversions.  Feasibility assessment and due diligence responsibilities include review of programming, scope, plans and specifications, budget, schedule, and team.  Relative to execution, responsibilities include overseeing all capital projects, including deferred maintenance, site work, and renovation projects, with the goal of ensuring the delivery of quality product within budget and on schedule.

POSITION DUTIES

  • Oversee construction/renovation activities in accordance with approved plans while coordinating with Asset and Property Management to achieve successful project completion
  • Support the Fortress Investment Team with underwriting and due diligence on property acquisitions, to include reviewing of property condition assessments, hiring and directing specialty consultants, and creating deferred maintenance and capital improvement project scopes, plans, budgets, schedules, and teams
  • Manage site inspections to confirm that the planned work is progressing and is completed in accordance with approved plans, specs, and scopes
  • Organize, schedule, attend, and lead meetings as necessary to facilitate successful completion of capital projects
  • Ensure property managers and contractors develop and comply with O&M Plans for Asbestos Containing Materials, Lead Based Paint, and Water Intrusion and Mold Management, as necessary
  • Ensure property managers maintain a safe, secure, and healthy environment by enforcing and complying with Fortress guidelines as well as all state and local jurisdictions
  • Review monthly project reporting to ensure successful project completion and compliance, and identify of any unforeseen conditions that may affect budget or schedule
  • Ensure timely completion, review and submission of vendor payments and draw requests to ensure compliance with lender requirements
  • Develop and implement a TELS or similar functioning system to coordinate with Fortress Asset Management and Property Management to adequately project needs
  • Assist Asset Management and Property Managers with developing annual budgets and 5-year capital plans
  • Act as the professional liaison between owner, managers, and contractors

CANDIDATE QUALIFICATIONS

·         7-10 years of experience in senior housing with significant experience in a project executive or senior project manager role.

  • Proven track record of successfully overseeing renovation and conversion projects of senior living communities
  • Team player with focus on completing quality projects within budget and on schedule.
  • Ability and willingness to travel to all communities on a periodic and as needed basis
  • An undergraduate degree with a concentration in Architecture, Engineering, Construction or Real Estate or equivalent practical experience
  • An MBA or master’s degree is preferred, but not required

Skills, Knowledge & Abilities:

  • Working knowledge of all design and construction documents
  • Positive attitude and excellent problem-solving abilities
  • Ability to manage multiple tasks simultaneously and adapt to frequent changes
  • Strong organizational skills
  • Ability to work additional hours as necessary to meet project needs and company goals
  • Strong written and oral communication skills
  • Intermediate computer skills to include MS Office and Project


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Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.