Vice President, Real Estate and Facilities

Overview

Title: VP Real Estate

Location: Fountain Valley, CA

Department: Business Development

Status: Full-time

Shift: Day

Pay Range*: $

MemorialCare is a nonprofit integrated health system that includes four leading hospitals, award-winning medical groups – consisting of over 200 sites of care, and more than 2,000 physicians throughout Orange and Los Angeles Counties. We are committed to increasing access to patient-centric, affordable, and high-quality healthcare; your personal contributions are integral to MemorialCare\'s recognition as a market leader and innovator in value-based and other care models.

Across our family of medical centers, we support each one of our bright, talented employees in reaching the highest levels of professional development, contribution, collaboration, and accountability. Whatever your role and whatever expertise you bring, we are dedicated to helping you achieve your full potential in an environment of respect, innovation, and teamwork.

Position Summary

The VP Real Estate and Facilities is to lead the management of MemorialCare’s real estate assets. The position must have the knowledge, skills, and experience to provide strategic and operational guidance to MemorialCare and its market-based organizations on leasing, owning, occupying, and operating clinical and non-clinical properties. This includes setting real estate strategy to support clinical and business priorities; establishing and enforcing real estate standards and policies; maintaining accurate information about MemorialCare’s real estate assets; tracking and analyzing real estate performance; planning and executing financial transactions; ensuring compliance with national, regional, and local codes, statutes, and laws, and ensuring the preservation of all MemorialCare’s facilities in the most cost effective manner. This position will be a member of the leadership team to support the broader efforts to develop a real estate, construction, and facilities management program that harmonizes and elevates existing local efforts. This position reports to the Chief Operations Officer and coordinates closely with finance, treasury, risk and insurance, and other departments. Reporting to this position are the facility and project managers of MemorialCare’s acute care campuses.

The success of this program will be achieved in a manner consistent with MemorialCare’s mission and core values. This position promotes high customer satisfaction and the successful implementation of MemorialCare’s strategic objectives. This position must support and promote the Mission of MemorialCare, displaying behavior and demonstrating leadership that is consistent with the core values of the organization.

Essential Functions

1. Real estate strategy, planning, and portfolio management
   • Establish strategy, standards, and policies for end-to-end real estate management in service to MemorialCare’s clinical/business priorities, in coordination with stakeholders, including Finance, Treasury, and Risk and Insurance.
   • Develop and implement appropriate interface between local real estate activities and personnel: capture and share best practices, identify and address capability and resource needs, and, over time, standardize practices as appropriate.
   • In coordination with Finance leadership and other stakeholders, develop strategy and execute capital activities related to real estate (e.g., budgeting, financing, partnerships, acquisitions, dispositions).
   • Perform site and facilities/master planning for all MemorialCare’s facilities.
   • Develop comprehensive inspection and valuation process for properties; ensure compliance with codes and regulations.
2. Lease management
   • Oversee lease administration duties, including the use of third-party vendors as appropriate.
   • With input from Legal, develop standardized lease agreements, MOUs, and processes to optimize common lease activities at national and local level.
   • Actively optimize lease agreements, including market benchmarking and proactive renegotiation of priority leases.
3. Facilities management
   • Oversee Facilities Management operations at each campus, including Plant Operations, Engineering, Project and Construction management, EOC, Life Safety, Emergency Preparedness, Utilities and Hazardous Materials management.
   • Establish consistent standards, policies and processes for Facilities Management at all campuses, including vendor usage, supply utilization and best operating practices. Look for opportunities to reduce costs.
   • Develop a systemwide energy management program
   • Implement an automated system to track staff productivity and consistently apply to all campuses
   • Ensure compliance with all State and local regulations and licensing requirements such as OSHPD
4. Space management
   • Establish and enforce utilization and density standards for clinical and non-clinical space.
   • Assist facilities in undertaking the analysis, planning, coordination, and migration necessary to optimize space use, including interfacing with clinical staff, human resources, and other stakeholders.
   • Collaborate with facility staff in order to assure departments/personnel are optimally located from an operational as well as real estate perspective.
5. Data, analytics, and performance management
   • Enable and execute data-driven decision making by leading standardization and centralization of real estate data and analytics, including maintaining an accurate and up-to-date inventory of real estate assets and all relevant related information (e.g., lease terms and expiry, floor plans, etc.).
   • Develop, monitor, and evaluate KPIs for all aspects of real estate and facilities management.
   • Identify data management and analytical needs and implement via in-house or third-party solutions.
   • Coordinate interface between real estate data and other operational databases/systems (e.g., finance, human resources).
   • Oversee reporting related to real estate and facilities management.
6. Personnel management
   • As part of creating a system wide program, establish structures for driving functional integration and coordination among local real estate personnel (TBD).
   • Manage solid- and dotted-line reports (TBD), including overseeing hiring, training, performance management, and termination.
7. Others
   • Manage third-party providers of real estate services as appropriate (e.g., property managers, lease managers, brokers, and related services, etc.).

• Provide direction and leadership to MemorialCare’s management staff including, but not limited to identifying training needs, tracking performance, and motivating direct reports. Responsible for hiring, terminating, compensation, and performance evaluations.

*Placement in the pay range is based on multiple factors including, but not limited to, relevant years of experience and qualifications. In addition to base pay, there may be additional compensation available for this role, including but not limited to, shift differentials, extra shift incentives, and bonus opportunities. Health and wellness is our passion at MemorialCare—that includes taking good care of employees and their dependents. We offer high quality health insurance plan options, so you can select the best choice for your family. And there’s more...Check out our for more information about our Benefits and Rewards.

Qualifications

Minimum Requirements

Qualifications/Work Experience:

Experience: minimum five years of real estate portfolio management experience at regional or national level, facility design, plant engineering, site planning, code requirements, and safety standards, ideally in a healthcare context.

Education/Licensure/Certification:

Education / Accreditation / Licensure: Bachelor’s Degree required; relevant advanced degree preferred. CPM, RPA, or CSM designation or in progress desirable. Real estate licensure where required by state law.