Real Estate Asset Manager

Inspire health. Serve with compassion. Be the difference.

Job Summary

Responsible for the strategic and operational management of the health system's real estate portfolio, including owned and leased properties. Ensures optimal asset performance, compliance with healthcare regulations, and alignment with the organization's strategic goals to support high-quality patient care and operational efficiency. Serves as Prisma’s representative, overseeing third-party vendors, and coordinating with various internal and external stakeholders, including operations, legal, finance, and facilities teams.

Essential Functions

• All team members are expected to be knowledgeable and compliant with Prisma Health's purpose:  Inspire health.  Serve with compassion.  Be the difference.

• Develops and implements comprehensive asset management strategies to optimize financial performance and maximize the value of all real estate assets. Monitors cash flow, financial performance, and market trends to inform decision-making and identify areas for improvement.

• Manages the entire lifecycle of lease agreements; including negotiations, renewals, rent reviews, and ensuring compliance with all lease provisions and regulatory requirements. Oversees lease payments, billing, and the administration of third-party contracts and service provider agreements.

• Coordinates with property management teams and maintenance staff to ensure all properties are safe, well-maintained, and compliant with local, state, and federal laws. Identifies, evaluates, and recommends capital improvement projects to enhance property value and operational efficiency.

• Supports the acquisition, disposition, and Joint Venture processes by conducting due diligence, market analysis, and financial modeling. Assists in structuring deal analyses and presenting recommendations to senior management.

• Ensures meticulous documentation and adherence to all regulatory requirements specific to the healthcare industry, including Stark Law and Anti-Kickback statutes, and coordinate fair market valuations (FMV). Prepares detailed financial and asset management reports for senior management, investors, and other stakeholders.

• Serves as the primary point of contact and maintain strong relationships with landlords (internal and external), third-party management companies, brokers, attorneys, and other vendors.

• Prepares and manages annual operating budgets and provides variance analysis, focusing on cost control and revenue generation opportunities.

• Manages Tenant Improvement allowances including spend tracking and reimbursement claims to Landlord to ensure timely project execution.

• Performs other duties as assigned.

Supervisory/Management Responsibilities

• This is a non-management job that will report to a supervisor, manager, director or executive.

Minimum Requirements

• Education - Bachelor's degree

• Experience - Ten (10) years Property Management (Admin), or Property Accounting, or Property Financial Analysis. A minimum of 5 years in these fields needs to involve significant medical office experience.

In Lieu Of

• In Lieu of the education and experience requirements noted above, a Master's degree with a minimum of five (5) years of experience with multiple medical office properties controlled by a health system OR ten (10) years of experience as a property manager having oversight of a minimum of 1M SF of property. Five (5) years of this experience must involve multiple medical office properties controlled by a health system.

Required Certifications, Registrations, Licenses

• NA

Knowledge, Skills and Abilities

• Management/Multitasking ability/Analytical and strong Communication skills.

• Property/Budget Management skills

• Financial Reporting Analysis skills

• Knowledge of general accounting principles as applied to real estate and lease accounting guidelines.

• Comprehensive knowledge of Financial, Lease Administration (MRI Pro-Lease preferred), and Property Management Software.

• Basic computer skills

• Knowledge of office equipment (fax/copier)

• Proficient computer skills (word processing, spreadsheets, database)

• Mathematical skills

Work Shift

Day (United States of America)

Location

Colonial Life Building

Facility

Corporate

Department

Real Estate

Share your talent with us! Our vision is simple: to transform healthcare for the benefits of the communities we serve. The transformation of healthcare requires talented individuals in every role here at Prisma Health.