Thorn Baccich
Executive Vice President -Development at Flagship Healthcare Properties- Claim this Profile
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Bio
Credentials
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North Carolina Real Estate Broker
North Carolina Real Estate Commission
Experience
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Flagship Healthcare Properties
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United States
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Leasing Non-residential Real Estate
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1 - 100 Employee
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Executive Vice President -Development
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Mar 2020 - Present
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Vice President - Real Estate Development
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Apr 2014 - Mar 2020
Oversight of all aspects of real estate development projects for Flagship Healthcare Properties including due diligence, entitlement, project budgeting, financing, and construction management.
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Atrium Health
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United States
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Hospitals and Health Care
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700 & Above Employee
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Management Associate - Development and Acquisitions
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Mar 2010 - Mar 2014
• Assist with all real estate sales, acquisitions, development, and due diligence for the second largest not-for-profit public healthcare system in the United States • Successfully manage the development process from project conception through completion for over 1,000,000 SF of new general office, clinical, or acute care space • Develop and maintain high level confidential Real Estate Committee and Project and Investment Team presentations to effectively communicate development and acquisition recommendations to executive leadership. • Coordinate real estate entitlement work including easements, variances, re-zonings, annexations, and signage requests for a portfolio of over 100 owned properties in the Charlotte metro area • Analyze, and advise on, a diverse range of complex real estate transactions including sale leaseback, ground lease, and credit tenant development scenarios geared toward generating working capital while maintaining a required level of control over the asset • Participate in neighborhood meetings hosted by local and regional planning departments to anticipate zoning or land use recommendation changes leading to effective communication between the Hospital System and local government • Collaborate with architects, engineers, real estate attorneys, and public officials to solve planning and zoning issues as they arise during the design phase and throughout the permitting process • Manage parking operations for surface lots and decks consisting of over 10,000 parking spaces • Successfully planned and led a temporary parking relocation and shuttling program impacting over 2,000 hospital employees. Researched, designed and implemented measures to improve operations efficiency which resulted in increased employee satisfaction and saved over $200,000 from a budget in excess of $1,250,000 Show less
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Market Analyst / Junior Developer
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Mar 2006 - Aug 2009
• Assisted in managing the entire development process for a top twenty commercial developer in the Charlotte metro area (as ranked by Charlotte Business Journal 2005-2008) • Effectively led research efforts to target new clients whose expansion plans aligned well with Centdev’s unique approach to development • Utilized county GIS systems, various database services, and Sites USA demographic research software to identify and rank potential new locations for retail clients • Assisted with value engineering efforts that led to significant bottom line savings while maintaining architectural standards and specific criteria requested by our clients • Constructed real estate purchase agreements and successfully led negotiations with landowners or their brokers • Led or assisted in negotiating letters of intent and leasing agreements with prospective retail tenants resulting in over 75,000 square feet of newly leased company owned retail space • Designed, created and managed a unique company database that tracked expansion plans, site criteria, demographic requirements, and contact information for hundreds of potential retail clients to more quickly and accurately identify top candidates for retail development projects Show less
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Education
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Princeton University
Bachelor of Arts, Architecture and Urban Planning