Company Description
SPHERE (Strategic Public Health Equities and Real Estate), is a pioneer at the crossroads of public health equities and real estate investment. We invest in and develop healthcare properties and related asset classes—such as medical office, inpatient and outpatient facilities, senior living, workforce housing, and education-oriented assets—with the goal of improving human health and well-being while generating attractive risk-adjusted returns for institutional partners. For more details, visit ww.sphereinvestments.com.
Role
SPHERE Investments is seeking an Acquisitions Lead to drive the full lifecycle of U.S. healthcare real estate transactions, with a primary focus on outpatient and inpatient assets. Reporting to the Head of Acquisitions, this role is the single point of accountability for live deals, coordinating underwriting, legal, research, financing, and asset management workstreams to deliver high-quality investments on time and within mandate.
Key responsibilities:
- Manage the end-to-end acquisition timeline and checklists for each deal, from initial intake through post-close review, ensuring all required outputs are delivered per stage.
- Lead deal intake and screening: capture opportunities, coordinate initial underwriting, coordinate preliminary research, and prepare concise go/no-go notes.
- Coordinate initial underwriting and LOI: work with the Underwriting Lead and team to build preliminary pro forma, define deal business plan and main characteristics, and assemble LOI package and attachments.
- Support PSA negotiation process operationally: coordinate inputs with Legal, Underwriting, Research, Finance, and Construction to support LOI-to-PSA negotiation, DD plan, third-party scopes, and budget approvals.
- Oversee due diligence execution: maintain and enforce the DD tracker, ensure third-party reports and internal reviews (leases, title/survey, physical, environmental, tax, insurance, PM DD, research) are completed and reflected in the model and IC materials.
- Prepare and certify milestone readiness: ensure Company-specific requirements are complete, orchestrate materials (Research Validation Memo, investment memo, IC deck, updated models, risk/mitigation summary), and confirm readiness with the Head of Acquisitions.
- Coordinate closing and handoff: work with Finance, Legal, and Asset/PM teams to finalize sources/uses, closing binder, PM transition plan, and 30/100-day action plans.
- Maintain high-quality documentation and data hygiene in Company data bank and drives, and closing binders for every transaction.
- Support continuous improvement of acquisition processes, templates, and checklists based on lessons learned from each deal.
Profile and experience level
4–7 years total experience in: commercial real estate acquisitions, investments, or capital markets; ideally with direct exposure to healthcare, medical office, or broader commercial real estate.
Prior role titles might include: Acquisitions Associate, Senior Acquisitions Analyst, Senior Associate (real estate PE), or Transaction Manager in a healthcare REIT or operator platform.
Skills / requirements
- Strong financial modeling and underwriting skills, comfortable working closely with an Underwriting Lead and challenging assumptions.
- Demonstrated experience managing complex transactions with multiple third parties (legal, lenders, consultants), including DD coordination and closing processes.
- Familiarity with PSA and lease concepts, key business terms, and risk allocation (not necessarily as counsel, but commercially fluent).
- Excellent project management: timeline ownership, workstream coordination, and ability to keep senior stakeholders aligned.
- Strong written materials: ability to draft teasers, IC decks, and concise memos.
- Healthcare real estate or healthcare services exposure strongly preferred; at minimum, comfort with sector-specific diligence and terminology.
Education
- Bachelor’s degree in finance, real estate, economics, business, or a related field required; master’s degree (MBA or MS in Real Estate/Finance) preferred.
Compensation
- Base salary (Miami, healthcare niche): approximately 90k–120k depending on experience and candidate quality.
- Bonus: 10–30% of base, tied to (i) number/volume of closed deals and (ii) quality of execution against timelines and process standards.
