Vice President of Real Estate Development
1 day ago
Public Storage is seeking a highly skilled and experienced Vice President of Real Estate Development to lead our development efforts.
Key Responsibilities:- Analyze and evaluate business needs to align project requirements, cost projections, construction objectives, and profit goals.
- Perform site evaluations and make recommendations for site selections.
- Take a leadership role in collaborating with various departments throughout the development process to ensure timely completion of all objectives and milestones.
- Oversee entitlement, design, construction, and scheduling processes of each project.
- Develop feasibility modeling, including capital costs budgeting, pro forma return measurements, and valuation methodologies.
- Understand 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.
- A minimum of 5-10 years of experience in the acquisition and development of multiple properties on the West Coast and possibly nationally.
- Experience working with leading developers on commercial office, shopping center/power malls, mixed-use, hospitality/hotel, industrial, and/or apartment projects.
- Experience working in a collaborative environment with a large corporation culture.
- Proven experience in the underwriting and valuation of development opportunities, land acquisitions, and underwriting transactions.
- Strong analytical, problem-solving, strategic planning, budgeting, scheduling, and project management skills.
- Knowledge to assess and mitigate risks in the transaction, entitlement, and development processes.
- Excellent negotiation skills with the ability to sell ideas and the rationale behind them.
- A Bachelor's Degree is required, with strong experience in the different real estate disciplines.
- A competitive salary range of $170,000 - $200,000.
- Exciting perks, including leadership roles that may be eligible for performance-based bonuses and/or equity participation.
- A dynamic work environment with opportunities for growth and development.
Public Storage is an equal opportunity employer and embraces diversity. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status.
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