Sr Real Estate Counsel

1 week ago

Glendale, 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.

The Senior Real Estate Attorney will work with the real estate acquisition, development, property management, construction, and commercial leasing teams, providing legal analysis, advice, transaction leadership and support. He/she will be experienced at handling property acquisitions (from letter of intent through closing), real estate development and redevelopment , property management agreements and commercial leasing. This position is an integral part of the deal making process where business sense will be as important as legal acumen. 

The ideal candidate will have strong academic credentials and 8-12 years of relevant private practice and in-house experience and in-house experience. He/she will be an experienced real estate lawyer-cum-business person, a strong and decisive negotiator, an efficient multi-tasker, and a skilled people and project manager. 

RESPONSIBILITIES

  • Drafting, negotiating, reviewing, and revising a wide range of legal documents, including: real estate agreements (including purchase and sale agreements, easements, CC&Rs, construction contracts, leases (cell, billboard, retail, ground), property management agreements, access agreements, subordination and non-disturbance agreements, etc.), vendor and service provider contracts, corporate authority documentation (LLC agreements, certificates, consents, etc.), and various other documents and agreements relevant to the companys business. Experience with joint venture agreements, mortgage financing and various other real estate related relationships a plus. 
  • Coordinating real estate acquisition processes for storage facility and development deals, including: (a) negotiating purchase and sale agreements from letter of intent through execution, (b) performing and supervising due diligence activities, including title, survey, zoning, and environmental diligence, (c) developing and implementing practical solutions to any issues raised during due diligence in consultation with the business team, (d) overseeing the closing process, and (e) working with the relevant business teams to assist in the transition of property ownership and management.
  • Assisting with the companys development and redevelopment activities, including: (a) due diligence, (b) document review and negotiation, (c) managing entitlement processes, and (d) troubleshooting land use issues and disputes. 
  • Negotiating third party property management agreements and ancillary documentation. Coordinating with the relevant business teams on closing management deals and handling post-closing management issues and questions as they arise. Overseeing broker licensing issues.
  • Managing on-going and non-crisis environmental matters affecting the company.
  • Assisting in-house clients in resolving disputes with adverse parties (public agencies, customers, vendors, etc.) by analyzing the underlying facts, identifying resolution options, negotiating with adverse parties, and documenting resolution of the dispute, as needed.
  • Managing potential and actual takings of the companys property interests by public agencies. Negotiating with agencies to reduce the impact of takings on properties and increase the compensation received with respect to any interests actually taken. 
  • Managing and overseeing the efficient use of outside counsel as appropriate in connection with the foregoing activities. 
  • Reporting to senior management regarding team activity and outside counsel expenditures.

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