Home Sweet Home at Home

Analysts and investors have been trumpeting the significant growth prospects for seniors housing with the aging baby boomer generation’s 72 million people born between 1946 and 1964. Developers and senior-housing companies have spent billions of dollars over the five years to build communities that provide housing, food, medical care and support the elderly.

An article in the Wall Street Journal reports that the big bet on elder care is falling short of expectations and may the biggest real estate recalculation in recent memory. So what happened/? It turns out that the rise of technology that helps the elderly stay in their homes is upending the senior housing bet. These “aging-in-place” technologies are enabling seniors to enjoy similar living standards and access to care in their own home. New products and services include sensors that respond to a range of medical conditions, facial recognition for identifying visitors and houses with malleable fixtures that can be adjusted as residents age. It is also likely that we are only at the front end of breakthrough home technologies which will further erode mom and pop moving out of the house and into a Pleasantville community.

Job Listings

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AVALONBAY COMMUNITIES, INC. Senior Development Manager (NEW YORK, NY) Position will be responsible for managing all phases of development for multi-family rental communities. This includes market analyses, financial analyses, site selection and budgeting, design, management of the entitlement process including presentation before municipal and other regulatory boards, and participation in the construction/lease up process.  

ALEXANDRIA REAL ESTATE EQUITIES Director – Asset Services (SAN DIEGO, CA) Director will be responsible for overseeing project operations, tenant relations and tenant improvement management activities for a single asset, multi-building asset and/or a portfolio of properties. Position will also be responsible for assisting with Company’s operations including, but not limited to, tenant leasing, tenant improvements, new construction and due diligence activities as necessary for the San Diego region.  

JLL Commercial Assistant Property Manager (Medical Office Buildings) (SAN FRANCISCO, CA) Duties include: managing a small portfolio and/or working alongside the General Manager to assist in managing a medical office portfolio; preparing financial reports; managing TI and/or capital improvement projects; and interacting with tenants.  

NORTHMARQ CAPITAL Investment Analyst – Commercial Real Estate Finance (SEATTLE, WA) Analyst will be responsible for providing support to the Seattle office through underwriting, loan request/investment report packaging, due diligence, closing, servicing and various support functions. Position will also prepare underwriting of commercial real estate properties based on historical financial statements, projections, and market standards to determine a projected income, value and loan amount.  

STREAM REALTY PARTNERS Commercial Property Manager (DALLAS, TX) Commercial Property Manager will oversee all operations of a commercial building or portfolio of buildings. This includes maintaining a best-in-class level of service at the property/properties; reporting monthly financial results to property owners; and resolving property management and leasing issues.  

NEO CAPITAL Real Estate Investment Manager / Asset Manager (CHICAGO, IL) Duties include: deal sourcing; supporting all Real Estate acquisitions and sales in the hold sell analysis/sourcing, pre-bid financial analysis, acquisition due diligence and post-acquisition asset management; and working with neo’s PR team in the preparation and release of statements in line with neo’s PR strategy.  

CBRE Asset Manager – Multifamily Real Estate (LOS ANGELES, CA) Asset Manager will independently manage 6-9 multifamily assets in Core Strategies and Value Add funds. Responsibilities include developing, implementing, and monitoring the progress of investment strategy for each asset throughout property life cycle; reporting progress to portfolio management team; and assisting acquisitions team with underwriting and due diligence review.  

HINES Vice President/Senior Vice President – Integrated Facilities Management (HOUSTON, TX) Position will develop and drive strategic initiatives and best practices across client accounts; manage and minimize risk to the firm and its clients including a growth strategy that minimizes firm risk; establish multi-year strategy and roadmap in conjunction with regional business generators/Operations Management Committee (OMC) based on expected growth and/or client type; and partner with regions to develop business plans and strategies for high value/high margin business growth or enterprise clients with scale and profitability.  

ACKMAN-ZIFF REAL ESTATE GROUP, LLC Capital Markets Associate (NEW YORK, NY) Associate will be a member of the sales execution team working closely with senior management throughout all stages of the transaction life cycle. Duties include: creating written and quantitative analysis for new business pitches, analyzing new transaction offers, conducting research on prospects, offering memoranda preparation, and due diligence.  

CASTO MANAGEMENT SERVICES, INC Managing Director, Residential Property Management Operations (COLUMBUS, OH) Managing Director will direct and oversee the Residential Property Management Division, which is responsible for the management, operations, budget administration, maintenance, security, leasing, insurance, and resident relations. Managing Director will work in collaboration with Property Accounting, Asset Management, and Collections for all assigned portfolio assets.