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Public Storage · 1 month ago

Real Estate Acquisition & Development Director

Frisco, TX, USA

Full-time

Onsite

Director/Executive

10+ years exp

Public Storage is the largest owner and operator of self-storage facilities in the world. They are seeking a Real Estate Acquisitions & Development Director to identify potential development properties, negotiate contracts, and facilitate the acquisition and development of new properties for the company.

Property ManagementReal EstateReal Estate Investment

No H1B

Responsibilities

Identify and source potential development sites across multiple markets

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

Qualification

Real estate acquisitionsSite evaluationUnderwritingValuationDue diligence managementNegotiation skillsTeam orientedCommunication skillsSelf-motivation

Required

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