Acquisitions Manager

Senior Housing Partners (the project development company of Presbyterian Homes & Services) is seeking an Acquisitions Manager to join their team.

 

This role is instrumental in nationally expanding PHS’s portfolio of faith-based, service-rich communities that serve older adults with excellence and compassion. The Acquisitions Manager collaborates cross-functionally with finance, operations, legal, real estate development, and executive leadership to ensure that all acquisitions support organizational goals while embodying Christian hospitality and stewardship.

 

REPORTING STRUCTURE
The Acquisitions Manager reports to the Vice President of Real Estate and works closely with the Senior Housing Partners (SHP) development and finance teams, as well as external brokers, lenders, legal counsel, and due diligence professionals.

The Acquisitions Manager is responsible for leading Presbyterian Homes & Services’ (PHS) national senior living acquisition strategy, including sourcing, securing, financing, closing, and onboarding senior living communities that align with PHS’s mission, financial targets, and long-term growth vision.

 

POSITION RESPONSIBILITIES:

• Deal Sourcing & Relationship Building
  • Develop and maintain a robust pipeline of senior living acquisition opportunities across the U.S., including both on-market and off-market deals.
  • Build and sustain relationships with brokers, investment bankers, developers, owners, lenders, and other industry stakeholders.
  • Attend industry conferences and networking events to increase visibility and identify new leads.
• Evaluation & Underwriting
  • Lead screening and feasibility of potential acquisitions, including alignment with PHS mission, geographic strategy, and financial targets.
  • Oversee or prepare detailed financial models, valuations, and underwriting reports for potential transactions.
  • Conduct risk assessments and collaborate with internal and external advisors to validate assumptions.
• Deal Structuring & Financing
  • Structure transactions that balance financial prudence with long-term organizational value.
  • Partner with the VP of Real Estate and CFO to identify and secure debt, equity, and philanthropic funding sources.
  • Negotiate term sheets, purchase agreements, and joint venture documents in collaboration with legal counsel.
• Due Diligence & Closing
  • Oversee the full due diligence process including financial, operational, environmental, and regulatory, to ensure risk is appropriately mitigated.
  • Coordinate with internal departments (legal, finance, operations) and external consultants (attorneys, inspectors, appraisers, etc.) to ensure a smooth closing process.
  • Drive project timelines, milestone tracking, and documentation through final close.
• Onboarding & Integration
  • Facilitate transition plans for newly acquired communities, ensuring seamless handoff to operations, facilities, and ministry teams.
  • Support cultural and operational integration consistent with PHS values and service standards.
  • Ensure alignment with branding, compliance, and mission delivery goals.
• Strategic Reporting & Stakeholder Engagement
  • Prepare investment memorandums, board presentations, and executive summaries to secure internal approvals.
  • Maintain up-to-date deal pipeline documentation and acquisition performance tracking.
  • Provide regular updates to senior leadership on acquisition strategy progress and investment outcomes.
• Other
  • Manage the disposition process for select assets, including selecting brokers, preparing assets for sale, reviewing offers, making recommendations to ownership, and facilitating closing.
  • Assisting with underwriting new development opportunities, procuring debt and equity for new developments and assisting with asset management of the existing commercial and senior housing portfolios, as delegated/needed

• Bachelor’s degree in real estate, finance, business, or related field required; MBA or other relevant graduate degree strongly preferred.
• 5+ years of progressive experience in real estate acquisitions, with demonstrated success in sourcing and closing transactions of $20M–$150M in value.
• Experience in housing, senior housing, or healthcare real estate strongly preferred.
• Proven track record of managing the full deal lifecycle—from deal origination to closing.
• Ability to travel nationwide up to 25% as required.
• High-level proficiency in financial modeling, underwriting, due diligence, and structuring debt/equity.
• Familiarity with regulatory requirements and operating models in senior living.
• Excellent negotiation and interpersonal skills; ability to represent PHS with professionalism and integrity.
• Strong sense of mission alignment and desire to serve older adults in faith-centered communities.
• Must have strong writing and editing skills and experience in conducting research and analysis. Superior skills in MS Excel.
• Must have flexibility, personal integrity, and ability to work effectively with co-workers, site operating staff, and various other professionals.
• Must be a team player, with the ability to direct a team of professionals, along with the willingness to take directions and accept responsibility for meeting specified objectives.
• Must have excellent oral, written, and interpersonal communication skills and strong attention to detail.
• Demonstrated ability to read, write, speak and understand the English language to communicate with all customers.
• Demonstrated compatibility with PHS’ mission and operating philosophies.

The estimated starting pay range for this role is $88,026-115,500 per year. This good faith estimate is based upon PHS’s typical starting pay range for this role. Actual pay range depends on many factors including each individual employee’s qualifications and market conditions and is subject to change.

Full-time benefits-eligible employment begins at a minimum of 30 hours per week:

• Health, and dental, including applicable HSA & FSA
• Employer Contribution to HSA for eligible Health Plans
• Life insurance (AD&D)
• Retirement, with eligibility for an employer match
• Holiday pay and extended sick

 

Full and Part-time benefits-eligible employment working between 20-29 hours per week:

• Vision insurance
• Voluntary short-term & long-term disability
• Accident & hospitalization coverage
• Education assistance programs

 

All employees:

• Accrue PTO (Paid time off)
• Same-day pay
• Employee assistance program (EAP)
• College partnership educational discounts
• Access to Learn to Live Resources

Based in St. Paul, Minnesota–Presbyterian Homes & Services (PHS) is a nonprofit, faith-based organization providing a broad array of high-quality housing choices, care options and services for older adults. There are over 7,500 team members like you at PHS, serving more than 26,000 older adults through 60+ PHS-affiliated senior living communities in Minnesota, Iowa and Wisconsin, and through Optage® and other community services. PHS is also co-owner of Genevive®, the largest geriatric primary care practice in MN, providing comprehensive care for over 15,000 older adults.

An Innovative Leader: Established in 1955, PHS has earned the reputation as an Innovative Leader dedicated to promoting independence, purposeful living, and overall well-being. PHS is now one of the largest nonprofit senior housing and services providers in the US.

Our strong focus on our employees, means we are committed to an environment where you are valued and empowered to make a difference. With a strong commitment to team growth from within, roughly 80% of leadership roles are filled through the development of people like you. To learn more about PHS culture, benefits and team development, we invite you to visit the "Careers" section of our website.

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PHS is an EEO/AA employer. All applicants will receive consideration for employment regardless of their race, color, creed, religion, national origin, sex, sexual orientation, disability, age, marital status, or status with regard to public assistance.