Location
Chamblee, GA | United States
Job 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
The Director Acquisitions will devote full-time efforts to sourcing and investigating opportunities to acquire existing self-storage facilities, negotiating contracts, coordinating due diligence, preparing proposals for the Capital Committees approval and all activities necessary to facilitate the acquisition of operating properties. He/she should be a multi-task driven executive with exceptional self-motivation and creative attributes who has the ability to network and develop broker/owner relationships and understand and articulate the business case of capital investments of multiple acquisition projects.
RESPONSIBILITIES
- Identify and source new acquisition opportunities. Track potential acquisition targets throughout the US
- Manage the underwriting and financial analysis for each acquisition. Identify and articulate value creation and conceptualize a business case in prospective property acquisitions
- Build and develop broker network(s) in targeted areas for growth and develop relationships with targeted owners
- Negotiate Purchase and Sales documents with prospective sellers
- Prepare and present prospective purchase opportunities to the Capital Committee
- Coordinate the due diligence and confirmation of purchase assumptions throughout the due diligence period
- Assist in the closing process of the proposed property
- Direct and support execution of the value creation opportunities outlined in the business case developed as part of the acquisition process
- Other projects/duties as assigned
Qualifications
- Five years minimum experience in commercial real estate acquisitions with commercial brokers, REITS and/or property owners/developers
- Undergraduate degree in Real Estate Management, Finance or Business Administration highly preferred
- Ideally has experience in buying and/or selling apartments, storage facilities, lodging, industrial buildings, healthcare office space, retail/shopping centers and/or office buildings, etc.
- Proven track record at developing long term relationships with broker and owner networks
- Has exhibited a high degree of self-motivation, integrity and success in past endeavors
- Has led the sourcing and identification of prospective sellers of commercial real estate by leveraging real estate broker communities, real estate databases and other methods as needed
- Candidates should possess experience in acquisition transactions in the $5M to $40M range;
- Experienced in the underwriting and valuation of acquisition opportunities and demonstrated experience in acquisition and underwriting transactions
- Excellent negotiation skills with the ability to sell your ideas and the rationale behind them;
- Experienced in project managing the due diligence requirements and the knowledge to assess and mitigate risks in the transaction process
- Proven ability to track multiple transactions across the country
- Exceptional written and verbal communication skills
- Proven ability to work in a teamwork and collaborative environment with multiple members in the real estate, finance and legal and facilities departments
Additional Information
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