OverviewAs part of an efficient and entrepreneurial team within a $37B+ AUM platform, the Senior Asset Manager – Outpatient Medical and Life Science is responsible for maximizing the performance, operational success, and value of the RMR-managed healthcare portfolio, which consists of over 70 medical outpatient, life science and healthcare-related properties. The Senior Asset Manager will also play a key role in all future property acquisitions within the healthcare sector. The role requires a specialized focus on the unique operational requirements of clinical environments, complex healthcare systems, and the specific operational requirements of healthcare facilities.
The individual will take ownership of asset-level business plans, understand clinical tenant requirements, and drive execution across leasing, capital projects, and facility operations. The Asset Manager will establish strong working relationships with health systems, hospital networks, physician groups, and clinical tenants across the portfolio.
The Asset Manager will be a key contributor as part of the larger healthcare sector team and play a pivotal role in shaping investment strategy for the healthcare portfolio, evaluating new medical property acquisitions, and contributing to the investment committee process.
The candidate must be self-directed, analytical, and have the capability to serve as a subject matter expert for the firm’s healthcare and medical outpatient portfolio. The candidate should be competent at independently assessing complex situations, developing actionable recommendations, and effectively communicating with executives, investors, property managers, brokers and other key stakeholders.
Responsibilities
Asset Strategy & Performance
- Develop, maintain, and execute multi-year business plans for a portfolio of 70+ medical outpatient, life science and healthcare-related assets.
- Monitor performance against underwriting, healthcare sector benchmarks, budgets, and strategic goals.
- Evaluate capital allocation, re-tenanting strategies, and expansion opportunities specific to clinical facilities.
- Provide strategic recommendations on hold, sell, and re-positioning decisions with an understanding of portfolio objectives and within the context of evolving trends in the healthcare and medical real estate sectors.
Leasing & Tenant Relations
- Partner with leasing brokers and healthcare sector advisors to drive occupancy, health system alignment, and tenant retention.
- Structure and negotiate lease agreements with hospital systems, physician practices, and outpatient service providers.
- Build and maintain trusted relationships with healthcare executives, practice managers, and clinical leaders.
Financial Analysis & Reporting
- Analyze operating performance, net operating income (NOI), cash flow, and key tenant and leasing metrics (e.g., coverage ratios, retention rate).
- Prepare reporting packages and recurring investment updates for internal leadership, investment partners, and REIT reporting obligations.
- Evaluate leasing terms, tenant improvement allowances, and capital projects to ensure targets are achieved and assets remain competitive within their markets and within the broader healthcare landscape.
- Prepare investment analysis to support property and portfolio buy/sell/hold decisions.
Operational & Capital Oversight
- Work with the internal property management teams to ensure effective execution of business plans and uphold rigorous facility standards.
- Manage capital projects, tenant improvements, and infrastructure upgrades required to meet the standards of our clinical and research tenants.
- Ensure property-level compliance with regulatory standards, health department guidelines, building codes, and lender requirements.
Stakeholder Management
- Build and maintain strong working relationships with internal and external stakeholders, healthcare and hospital system leaders, practice managers and other healthcare sector participants.
- Present recommendations, analyses, and asset performance updates to senior leadership and investment committees.
- Coordinate effectively across acquisitions, finance, accounting, leasing, legal, and property management teams.
- Serve as a subject matter expert for the firm’s healthcare and medical outpatient portfolio.
Qualifications
- 5–7+ years of direct experience in healthcare real estate asset management, outpatient facility operations, or medical-related real estate investment.
- Functional knowledge of clinical tenant requirements and specialized physical plant systems of outpatient, lab and research facilities.
- Strong understanding of healthcare lease structures, healthcare tenant needs, regulatory compliance requirements, and tenant credit evaluation.
- Proficiency in Microsoft Excel and ARGUS Enterprise.
- Excellent written, verbal, and executive presentation skills.
- Proven capability to manage large, multi-property portfolios across disparate geographic markets with minimal supervision.
- Ability to run financial analyses at the property and portfolio, including sensitivity analyses for various scenario and present independently to senior management and other stakeholders.
A successful candidate will also demonstrate:
- Deep industry acumen and passion for the medical outpatient and healthcare real estate sector.
- Independent ownership and proactive decision-making capabilities in fast-paced environments.
- Working technical knowledge of building systems and outpatient/lab infrastructure needs to directly interface with facility engineers, healthcare system leadership and on-site clinical providers.
- Exceptional problem-solving skills with a commitment to risk mitigation, operational reliability, and long-term value creation.
Total Rewards
The RMR Group offers an extensive total rewards package to ensure that your benefits align with your needs. Employees who work at least 20 hours per week are eligible to participate in The RMR Group’s benefits plans, including:
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life & Disability Insurance
- Health Savings Account (HSA) & Flexible Spending Plans (FSA)
- 401(k) Plan with Employer Match
- Holidays, Vacation & Sick Time
- Parental Leave
- Tuition Assistance
- Matching Gift Program
- Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance
The estimated base compensation range for this position is $160,000 to $190,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data.
