Rush University Medical Center
Director - Corporate Real Estate-21412
Rush University Medical Center, Chicago, Illinois, United States, 60290
Overview Director - Corporate Real Estate-21412 role at Rush University Medical Center
If you are considering sending an application, make sure to hit the apply button below after reading through the entire description. Location: Chicago, Illinois Work Type: Full Time (Total FTE between 0.9 and 1.0) | Shift: Shift 1 | Work Schedule: 8 Hr (8:00:00 AM - 5:00:00 PM) Pay Range: $57.36 - $85.47 per hour Rush offers exceptional rewards and benefits. See Rush benefits page for details. Summary The Director of Corporate Real Estate leads strategy, planning, and execution of real estate activities across the Rush University System for Health. This position oversees leasing, acquisitions, dispositions, and site development in support of the system’s clinical, academic, research, and administrative needs. The role focuses on real estate administration and predevelopment, including site selection, market analysis, lease/purchase negotiation, entitlement strategy, and coordination with external brokers, counsel, and development partners. The Director works closely with internal teams across Planning, Design & Construction, Facilities, Strategy, Legal, and Finance to ensure alignment between capital deployment and system priorities. The role also manages a team responsible for lease administration, vendor management, and property operations for Rush-controlled properties. Success will be measured by real estate portfolio performance (cost per SF, utilization rate), timely execution of transactions, internal customer satisfaction, and achievement of long-term location strategy goals. Responsibilities Real Estate Strategy & Planning: Develop and maintain the long-range Corporate Real Estate strategy in collaboration with system leadership; assess space needs and market opportunities to support ambulatory, administrative, academic, and support service space needs; analyze and recommend lease vs. own scenarios; prepare executive briefings, Board-level presentations, and business cases; partner with executive leadership to translate system priorities into location and facility strategies; maintain real estate pipeline and support 5-year capital planning; track and report real estate KPIs, market benchmarking, and utilization metrics; support scenario planning and portfolio modeling. Transaction Oversight: Serve as lead point of contact for real estate transactions including new site acquisition, leasing, dispositions, and space expansion; coordinate negotiations and documentation with brokers, legal counsel, and counterparties; draft and review Letters of Intent, RFPs, and deal terms; manage due diligence, title, zoning, and entitlement processes; attend or coordinate public meetings and hearings; lead negotiation of business terms and transaction structuring; support FMV assessments and regulatory compliance as required; coordinate internal approvals and documentation workflows with Legal, Compliance, and Finance. Internal Coordination & Transition: Work with Planning, Design & Construction to establish project assumptions, cost/schedule targets, and program requirements; coordinate with Facilities on operational integration and landlord/tenant obligations; align internal stakeholders on project goals, scope changes, and timing; ensure project transitions include lease abstracting and tenant improvements coordination. Portfolio Oversight & Lease Management: Oversee portfolio documentation, lease renewals, term compliance; support space utilization planning and occupancy strategy for Rush-controlled properties; liaison between real estate and Finance & Accounting for lease accounting, budgeting, and reporting; oversee lease administration systems, abstracting, and tracking of critical dates; coordinate with Finance on budgeting, rent escalations, and reconciliation; lead annual lease review process to identify risks and opportunities. Team Management: Directly supervise team responsible for real estate/property management and vendor oversight; provide coaching and performance management; develop operating budgets and expense planning; establish service standards and ensure compliance; mentor team members and monitor portfolio performance dashboards. Required Job Qualifications Education: Bachelor’s degree in real estate, business, architecture, urban planning, or related field Experience: Minimum 10 years of progressive experience in corporate real estate, development, brokerage, or transaction management Skills: Demonstrated ability to manage lease and property portfolios in complex, multi-site organizations; strong understanding of real estate finance, site selection, and entitlement processes; ability to lead negotiations and coordinate multidisciplinary internal and external teams; proven experience managing direct reports and operating budgets; knowledge of commercial lease structures, landlord/tenant law, and FMV standards; ability to develop and present complex materials to executive/board audiences Preferred Job Qualifications Education: Master’s degree in business, real estate, healthcare administration, or related field Experience: Experience in healthcare or academic center real estate Skills: Familiarity with FMV assessments, lease accounting standards and space utilization tools Physical Demands Work is primarily performed in a professional office environment. Requires extended periods of sitting, computer use, and meetings. Occasional walking or standing during site visits, including construction or clinical settings. Ability to travel locally and occasionally out-of-state for property tours, negotiations, or project coordination. May require use of PPE when entering construction zones or clinical environments. Equal Opportunity Rush is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics. Note The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements.
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If you are considering sending an application, make sure to hit the apply button below after reading through the entire description. Location: Chicago, Illinois Work Type: Full Time (Total FTE between 0.9 and 1.0) | Shift: Shift 1 | Work Schedule: 8 Hr (8:00:00 AM - 5:00:00 PM) Pay Range: $57.36 - $85.47 per hour Rush offers exceptional rewards and benefits. See Rush benefits page for details. Summary The Director of Corporate Real Estate leads strategy, planning, and execution of real estate activities across the Rush University System for Health. This position oversees leasing, acquisitions, dispositions, and site development in support of the system’s clinical, academic, research, and administrative needs. The role focuses on real estate administration and predevelopment, including site selection, market analysis, lease/purchase negotiation, entitlement strategy, and coordination with external brokers, counsel, and development partners. The Director works closely with internal teams across Planning, Design & Construction, Facilities, Strategy, Legal, and Finance to ensure alignment between capital deployment and system priorities. The role also manages a team responsible for lease administration, vendor management, and property operations for Rush-controlled properties. Success will be measured by real estate portfolio performance (cost per SF, utilization rate), timely execution of transactions, internal customer satisfaction, and achievement of long-term location strategy goals. Responsibilities Real Estate Strategy & Planning: Develop and maintain the long-range Corporate Real Estate strategy in collaboration with system leadership; assess space needs and market opportunities to support ambulatory, administrative, academic, and support service space needs; analyze and recommend lease vs. own scenarios; prepare executive briefings, Board-level presentations, and business cases; partner with executive leadership to translate system priorities into location and facility strategies; maintain real estate pipeline and support 5-year capital planning; track and report real estate KPIs, market benchmarking, and utilization metrics; support scenario planning and portfolio modeling. Transaction Oversight: Serve as lead point of contact for real estate transactions including new site acquisition, leasing, dispositions, and space expansion; coordinate negotiations and documentation with brokers, legal counsel, and counterparties; draft and review Letters of Intent, RFPs, and deal terms; manage due diligence, title, zoning, and entitlement processes; attend or coordinate public meetings and hearings; lead negotiation of business terms and transaction structuring; support FMV assessments and regulatory compliance as required; coordinate internal approvals and documentation workflows with Legal, Compliance, and Finance. Internal Coordination & Transition: Work with Planning, Design & Construction to establish project assumptions, cost/schedule targets, and program requirements; coordinate with Facilities on operational integration and landlord/tenant obligations; align internal stakeholders on project goals, scope changes, and timing; ensure project transitions include lease abstracting and tenant improvements coordination. Portfolio Oversight & Lease Management: Oversee portfolio documentation, lease renewals, term compliance; support space utilization planning and occupancy strategy for Rush-controlled properties; liaison between real estate and Finance & Accounting for lease accounting, budgeting, and reporting; oversee lease administration systems, abstracting, and tracking of critical dates; coordinate with Finance on budgeting, rent escalations, and reconciliation; lead annual lease review process to identify risks and opportunities. Team Management: Directly supervise team responsible for real estate/property management and vendor oversight; provide coaching and performance management; develop operating budgets and expense planning; establish service standards and ensure compliance; mentor team members and monitor portfolio performance dashboards. Required Job Qualifications Education: Bachelor’s degree in real estate, business, architecture, urban planning, or related field Experience: Minimum 10 years of progressive experience in corporate real estate, development, brokerage, or transaction management Skills: Demonstrated ability to manage lease and property portfolios in complex, multi-site organizations; strong understanding of real estate finance, site selection, and entitlement processes; ability to lead negotiations and coordinate multidisciplinary internal and external teams; proven experience managing direct reports and operating budgets; knowledge of commercial lease structures, landlord/tenant law, and FMV standards; ability to develop and present complex materials to executive/board audiences Preferred Job Qualifications Education: Master’s degree in business, real estate, healthcare administration, or related field Experience: Experience in healthcare or academic center real estate Skills: Familiarity with FMV assessments, lease accounting standards and space utilization tools Physical Demands Work is primarily performed in a professional office environment. Requires extended periods of sitting, computer use, and meetings. Occasional walking or standing during site visits, including construction or clinical settings. Ability to travel locally and occasionally out-of-state for property tours, negotiations, or project coordination. May require use of PPE when entering construction zones or clinical environments. Equal Opportunity Rush is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics. Note The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements.
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