Real Estate Acquisition & Development Director

Public Storage•Frisco, TX

37d•Onsite

About The Position

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.

Requirements

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.

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