Director of Commercial Real Estate

Norfolk, VA
Jul 06, 2018
Oct 19, 2018
Executive, Director
Full Time
Job Description: Position interfaces with senior operational, service line and financial leadership, as well as front-line team members and must maintain current and comprehensive understanding of existing space within the organization portfolio for both owned and leased property. Will develop, execute and maintain planning processes, and formulate real estate strategies to meet the forward looking business strategies for all organizational business lines, along with the organizational capital planning process. Develops policies, procedures, and guidelines necessary for consistent analysis, financing, execution, presentation, and approval of development.

Establishes policy and direction (programs and services) for department, and is accountable for the development and achievement of Key Performance Indicators (KPI's) an department results. Acts as a partner to Sentara Healthcare's leadership team and participates in strategic planning and attainment of system goals for areas of responsibility.

This position resides within the Finance Organization of Sentara Healthcare. Education Level
Bachelor's Level Degree in Business Administration, Economics, Real Estate or a related field; Master's Degree strongly preferred.

Bachelor's Level Degree in Business Administration, Economics, Real Estate or a related field; Master's Degree strongly preferred.

Minimum of 10 years of business experience, including 5 years of real estate specific experience required.

5 years of experience communicating real estate concepts and strategy to non-real estate professionals preferred.

Experience with the following areas of commercial real estate required: acquisition/site sourcing including predictive business success analytics; acquisition underwriting; acquisition due diligence; purchase contract negotiations; disposition contract negotiations; disposition due diligence; disposition buyer qualification/selection; property valuation; asset management; lease negotiation; development analysis; property level debt and equity finance, budgeting, and forecasting.

Strong blend of management skills and technical expertise demonstrated by superior planning, decision-making, negotiation, leadership and financial management skills/knowledge, with a focus to adding value to the bottom line of the business to foster a preeminent healthcare environment.

Experience designing organizational structures to achieve business and operational results.

Knowledge of healthcare industry issues and applicable Federal, State, and Local regulatory agency guidelines and laws.

Strong history of positive and cooperative relationships with senior leaders and physicians.

None, unless noted in the “Other” section below

None, unless noted in the “Other” section below

Sentara Healthcare is currently recruiting for a Corporate Director of Real Estate.

Position Overview

  • Responsible for the creation and execution of the real estate strategy for Sentara Healthcare
  • Oversees and directs strategic real estate planning activities, strategic real estate portfolio composition, and tactical real estate transactions
Sentara Overview
For more than a decade, Modern Healthcare magazine has ranked Sentara as one of the nation's top integrated healthcare systems. Our not-for-profit system proudly includes advanced imaging centers, nursing and assisted-living centers, outpatient campuses, physical therapy and rehabilitation services, home health and hospice agency, a 3,800-provider medical staff and four medical groups. In addition, we provide medical transport ambulances and Nightingale air ambulance, and we extend health insurance to 445,000 people through Optima Health, our award-winning health plan.
Sentara Benefits
As the third largest employer in Virginia, Sentara Healthcare was named by Forbes Magazine as one of America's best large employers. We offer a variety of amenities to our employees, including, but not limited to:
  • Medical, Dental, and Vision Insurance
  • Paid Annual Leave, Sick Leave
  • Flexible Spending Accounts
  • Retirement funds with matching contribution
  • Supplemental insurance policies, including legal, Life Insurance and AD&D among others
  • Work Perks program including discounted movie and theme park tickets among other great deals
  • Opportunities for further advancement within our organization
Sentara employees strive to make our communities healthier places to live. We're setting the standard for medical excellence within a vibrant, creative, and highly productive workplace. For information about our employee benefits, please visit:

Join our team! We are committed to quality healthcare, improving health every day, and provide the opportunity for training, development and growth!