Real Estate Acquisitions & Development Associate

Public Storage•Plano, TX

1d•Onsite

About The Position

We currently have a great opportunity for a Real Estate Acquisitions & Development Associate to be based out of our corporate office in Frisco, TX (temporarily officing in Plano, TX). 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 preferred.
Experience managing multiple transactions at the same time. Understands the requirements needed to build a robust transaction pipeline year after year preferred.
Experienced in the underwriting and valuation of acquisition opportunities.
Excellent negotiation skills with the ability to sell your ideas and the rationale behind them preferred.
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 3+ years of direct relevant experience preferred. 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.
Travel will be required for this role.

Responsibilities

Identify and source potential development sites across multiple markets.
Assist in 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.
Assist in negotiating Purchase and Sales documents with prospective sellers.
Assist in preparing and present prospective purchase opportunities to the Capital Committee.
Assist in coordinating due diligence and confirming purchase assumptions throughout the due diligence period.
Collaborate closely with the Company’s Real Estate Development, Finance, and Construction teams to deliver completed projects.
Qualify/Complete preliminary research of zoning ordinances for intended use.
Create “currency” for negotiations with Governmental authorities to achieve project approvals.
High level understanding of zoning codes
Other projects/duties as assigned