Director of Land Acquisitions at Public Storage

Frisco, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Apr, 26

Salary

0.0

Posted On

14 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Real Estate Acquisitions, Development, Negotiation, Due Diligence, Site Evaluation, Feasibility Modeling, Transaction Management, Risk Assessment, Communication, Teamwork, Self-Motivation, Broker Network Development, Capital Budgeting, Zoning Research, Project Approvals

Industry

Real Estate

Description

Company Description Since opening our first self-storage facility in 1972, Public Storage has grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real estate, we're also one of the largest landlords. We've been recognized as A Great Place to Work by the Great Place to Work Institute. And, our employees have also voted us as having Best Career Growth, ranked us in the Top 5% for Work Culture, and in the Top 10% for Diversity and Inclusion. We're a member of the S&P 500 and FT Global 500. Our common and preferred stocks trade on the New York Stock Exchange. Job Description We currently have a great opportunity for a Real Estate Acquisitions & Development Director to be based out of our corporate office in Frisco, TX. The Real Estate Acquisitions & Development Director will work for and report to the Vice President of Development. The successful candidate will devote full-time efforts to identifying potential development properties, negotiating contracts, coordinating due diligence, preparing proposals for the Capital Committee, and facilitating the acquisition and development of new properties for the company. RESPONSIBILITIES: Identify and source potential development sites across multiple markets (15-20 sites per year). Perform site evaluations and make recommendations for site selections. Build, develop, and direct real estate broker networks in multiple markets Underwrite, analyze, and articulate the value proposition for acquisitions. Develop feasibility modeling, including capital costs budgeting, pro forma return measurements and valuation methodologies. Negotiate Purchase and Sales documents with prospective sellers. Prepare and present prospective purchase opportunities to the Capital Committee. Coordinate due diligence and confirm purchase assumptions throughout the due diligence period. Collaborate closely with the Company’s Real Estate Development and Construction teams to deliver completed projects. Assist in the closing process and the development process necessary to realize the acquisition assumptions. Qualify/Complete preliminary research of zoning ordinances for intended use. Create “currency” for negotiations with Governmental authorities to achieve project approvals. Other projects/duties as assigned Qualifications Exposure/Experience with high-volume sourcing and identification of prospective project sites by leveraging online real estate databases, real estate broker community, and other methods as needed. Experience with managing multiple transactions at the same time. Understands the requirements needed to build a robust transaction pipeline year after year. Experienced in the underwriting and valuation of acquisition opportunities. Excellent negotiation skills with the ability to sell your ideas and the rationale behind them. Experienced in managing the due diligence requirements and the knowledge to assess and mitigate risks in the transaction process. B.S. in Business Administration or equivalent and 10+ years of direct relevant experience. An equivalent combination of education and experience sufficient to successfully perform the essential functions of the job Team oriented. Exceptional written and verbal communication skills. Has exhibited a high degree of self-motivation and success in past endeavors. Additional Information Public Storage is an equal opportunity employer and embraces diversity. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status. All qualified candidates are encouraged to apply. **Sponsorship for Work Authorization is not available for this posting. Candidates must be authorized to work in the U.S. without requiring sponsorship now or in the future.** REF3495X

Responsibilities

The Director of Land Acquisitions will identify potential development properties, negotiate contracts, and coordinate due diligence. They will also prepare proposals for the Capital Committee and facilitate the acquisition and development of new properties.