SENIOR DIRECTOR / DIRECTOR, CAPITAL PROJECTS

Preferred locations: Eastern Hubs (DC–NY corridor, Florida, Chicago, Atlanta)

Also open to: Texas (especially Dallas), Detroit (DTW), Nashville (BNA)

Our client, Welltower, is reimagining senior living and wellness-focused real estate. As a global leader in residential wellness and healthcare infrastructure, Welltower creates vibrant, purpose-driven communities where housing, healthcare, and hospitality converge. Their culture is fast-paced, highly accountable, and built around an owner’s mindset.

They’re looking to add a capital leader who thrives in complexity, moves quickly, and brings strong judgment to high-stakes spend decisions.

ABOUT THE ROLE

Welltower is seeking a Senior Director / Director, Capital Projects to lead capital planning, underwriting, and execution for a fast-growing national investment fund within the Seniors Housing and Wellness platform. The fund holds a stabilized national portfolio (70+ assets today, scaling toward ~120). Capital discipline is a core lever of performance, and this leader will serve as the “capital owner” for the fund - translating diligence into practical, prioritized CapEx plans and ensuring execution stays within fund parameters.

Location note: To reduce travel time across the portfolio, Welltower is prioritizing candidates based, or can be based in DC–NY corridor, Florida, Chicago, or Atlanta. They are also open to strong candidates in Texas (especially Dallas), Detroit (DTW), or Nashville (BNA).

KEY RESPONSIBILITIES

This leader will own the fund capital lifecycle across diligence, planning, governance, and execution:

• Fund-level CapEx ownership: Build and manage a multi-state annual capital plan, deploying ~$50M across the stabilized fund portfolio.
• Scope development & prioritization: Translate PCAs, seller repair lists, and on-site findings into clear, prioritized scopes balancing life-safety, asset integrity, resident experience, and ROI.
• Acquisition capital underwriting: Act as the capital escalation point during diligence - identifying hard-cost risk and producing credible budgets/timelines that feed underwriting and business plans.
• Pricing discipline & value engineering: Challenge bids, enforce labor/material/markup transparency, and drive practical VE.
• Capital governance: Run fund approval workflows, including oversight of operator-led spend approvals, ensuring alignment with fund criteria and thresholds.
• Execution oversight: Partner with operating partners and vendors to deliver projects on schedule and within cost, with disciplined change-order control.
• Reporting & documentation: Maintain strong tracking and documentation to support internal decisions, investor visibility, and portfolio risk management.
• Build what scales: Create repeatable tools, workflows, and playbooks; help shape the long-term capital team structure as the fund grows.
• Cross-functional leadership: Coordinate closely with Investments, Diligence, Capital Planning, Redevelopment, and Operations.

OTHER DUTIES

This job description is not designed to cover a comprehensive listing of activities. Duties and responsibilities may change at any time with or without notice.

TRAVEL

Expected travel is 30–50%

MINIMUM REQUIREMENTS

Must-haves:

• 10+ years of experience across capital projects / CapEx planning / construction leadership / redevelopment / diligence or real estate investment platforms.
• Clear ownership of multi-asset / multi-site CapEx programs (not single-project delivery).
• Direct experience translating diligence into execution: PCA → scope → budget → delivery.
• Strong command of hard-cost drivers, vendor pricing, and change-order controls; proven ability to drive transparency and accountability.
• Experience with value-add or occupied renovation environments where prioritization trade-offs matter.
• Fast, scrappy operator mindset - comfortable building process while executing in a high-growth setting.
• Strong communication skills with the ability to influence senior stakeholders and operating partners.
• Employment contingent upon background check, drug screening, and credential verification.

Backgrounds that tend to fit well:

• Owner/operator CapEx leaders in real estate, multifamily, healthcare, or BTR
• Real estate PE platforms with internal capital delivery and diligence ownership
• Redevelopment / value-add construction leaders
• GC / preconstruction leaders who have moved owner-side and can think like an investor

Welltower offers a competitive compensation package, robust benefits, and strong long-term growth potential within a high-performing organization.

If this aligns with your background, please apply via LinkedIn. We will keep the process tight, transparent, and respectful.