Vice President, Real Estate Development

2 weeks ago

Santa Ana, United States Public Storage Full time

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.

Workplace 

  • One of our values pillars is to work as OneTeam and we believe that there is no replacement for in-person collaboration but understand the value of some flexibility. Public Storage teammates are expected to work in the office five days each week with the option to take up to three flexible remote days per month.

The VP of Real Estate Development will take new development projects from concept to completion. They will lead with team members on acquisition, city/county coordination, site and building design, permitting, design meetings, construction administration and acts as the representative of the company. They will be responsible for preparation site investigation reports, cost at completion reports, budgets, project status reports and maintaining project files. The successful candidate will have knowledge of real estate transactions, general contracting methods, be detail oriented and purpose driven to set and meet deadlines. 

RESPONSIBILITIES

  • Analyze and evaluate the business needs of company to align project requirements, cost projections, construction objectives and profit goals with each project.
  • Perform site evaluations and make recommendations for site selections.
  • Take a leadership role on the collaboration with various departments throughout the development process to ensure timely completion of all objectives and milestones.
  • Oversee the entitlement, design, construction and scheduling processes of each project.
  • Develop feasibility modeling, including capital costs budgeting, pro forma return measurements and valuation methodologies.
  • Understands project entitlements and implementation of approval requirements.
  • Create currency for negotiations with Governmental authorities to achieve project approvals.
  • Manage multiple complex entitlement and development projects simultaneously.
  • Other projects and duties expected of a development manager of the real estate department.

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