CyrusOne
We are seeking a Land Acquisition Associate to join our team! The Associate will play a critical role in assisting the Land Acquisition team in the acquisition of land for the development of new data center campuses through evaluating, underwriting and executing new site acquisitions. Activities will include market analysis, site review, risk identification, land diligence, business development and assisting in commercial negotiations and various predevelopment activities. Additionally, the Land Acquisition – Associate coordinates the project management of multiple data center campuses alongside the Land Acquisition, Power, Investment, Legal, Sales, Design/Engineering and Construction teams.
Responsibilities Market Analysis
Actively participate in market intelligence gathering and strategy development as part of the larger Energy + Land strategy
Maintain database of owned, controlled and under evaluation projects, land and transaction comps and overall market intelligence
Transaction Evaluation & Execution
Thorough site review and risk identification which may include assessing market, regulatory, customer, power, natural gas, fiber, zoning, wetlands, environmental, utility, planning and adjacent land risks
Utilize tools such as datacenterHawk, Land id, CoStar and Enverus to drive successful identification and acquisition of land
Establish budgets for predevelopment scope activities, including vendor contract and change order management
Facilitate the land diligence process and coordinate with all technical advisors and external vendors including environmental, noise and air studies, architects, civil, geotech, power and natural gas investigation, regulatory review and legal
Review due diligence documents and vendor deliverables; recommend appropriate course of action in response to issues raised
Assist with coordination of and review of tax and other development incentives
Work with Power and Energy Teams to verify power availability and timeline thus utilizing such information to evaluate and prioritize land opportunities
Assist the team in maintaining business relationships with brokers, communities, economic development organizations, government organizations, developers, etc.
Assist the team in coordination of, development of, and execution of business terms and conditions related to Letters of Intent, Purchase and Sale Agreements, Powered Shell Purchases and Leases and Joint Venture Agreements to ensure development and financial success of land acquisitions
Assist Investment team with preliminary project underwriting financial modeling
Business development for new land site opportunities; ability to create and influence opportunities to drive successful execution of opportunities
Effectively coordinate the activities through the land acquisition process with internal and external team members to ensure cost effective and timely delivery of projects across the development framework
Project Management
Responsible for coordinating multiple site selections/projects in various stages of the development continuum. Ensuring that assigned workflow is being achieved and that tasks and milestones are being reached in a timely fashion
Facilitates cross-departmental collaboration from project initiation, closing, and securing pre-construction entitlements and approvals
Manage and retain project information to facilitate a smooth handoff to engineering and construction teams
Senior Management Team and Sponsor Reporting
Preparation of capital committee presentations
Participates in and supports executive presentations
Qualifications
2+ years’ experience in real estate investment/development, site selection or related real estate or investment experience
Strong understanding of real estate, valuation, capital markets and deal structuring
Highly analytical, organized and disciplined with proven time management skills
Team oriented with the ability to work independently while being driven for success
Excellent communication (listening, verbal and written), attention to detail and team skills
All applicants must be able to complete pre-employment onboarding requirements (if selected) which may include any/all of the following: criminal/civil background check, drug screen, and motor vehicle records search, in compliance with any applicable laws and regulations
Ability to travel up to 20%
Education/Certifications
Bachelor's degree in business, finance, real estate, economics or related field
Benefits
Comprehensive health, dental, and vision insurance plans, life and disability insurance, access to mental health resources and employee assistance program
Competitive pay, performance bonus, 401(k) retirement plan with company match
Generous paid time off and holidays, parental leave
Building Amenities: On-site facilities include a fully equipped gym, golfsimulator and free parking. The office is conveniently located near local restaurants and is a short walk to the American Airlines Center
CyrusOne is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
CyrusOne provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act (ADA) and any other state or local laws. We will respond to requests for reasonable accommodations to assist you in applying for positions at CyrusOne, or to submit a resume.
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Responsibilities Market Analysis
Actively participate in market intelligence gathering and strategy development as part of the larger Energy + Land strategy
Maintain database of owned, controlled and under evaluation projects, land and transaction comps and overall market intelligence
Transaction Evaluation & Execution
Thorough site review and risk identification which may include assessing market, regulatory, customer, power, natural gas, fiber, zoning, wetlands, environmental, utility, planning and adjacent land risks
Utilize tools such as datacenterHawk, Land id, CoStar and Enverus to drive successful identification and acquisition of land
Establish budgets for predevelopment scope activities, including vendor contract and change order management
Facilitate the land diligence process and coordinate with all technical advisors and external vendors including environmental, noise and air studies, architects, civil, geotech, power and natural gas investigation, regulatory review and legal
Review due diligence documents and vendor deliverables; recommend appropriate course of action in response to issues raised
Assist with coordination of and review of tax and other development incentives
Work with Power and Energy Teams to verify power availability and timeline thus utilizing such information to evaluate and prioritize land opportunities
Assist the team in maintaining business relationships with brokers, communities, economic development organizations, government organizations, developers, etc.
Assist the team in coordination of, development of, and execution of business terms and conditions related to Letters of Intent, Purchase and Sale Agreements, Powered Shell Purchases and Leases and Joint Venture Agreements to ensure development and financial success of land acquisitions
Assist Investment team with preliminary project underwriting financial modeling
Business development for new land site opportunities; ability to create and influence opportunities to drive successful execution of opportunities
Effectively coordinate the activities through the land acquisition process with internal and external team members to ensure cost effective and timely delivery of projects across the development framework
Project Management
Responsible for coordinating multiple site selections/projects in various stages of the development continuum. Ensuring that assigned workflow is being achieved and that tasks and milestones are being reached in a timely fashion
Facilitates cross-departmental collaboration from project initiation, closing, and securing pre-construction entitlements and approvals
Manage and retain project information to facilitate a smooth handoff to engineering and construction teams
Senior Management Team and Sponsor Reporting
Preparation of capital committee presentations
Participates in and supports executive presentations
Qualifications
2+ years’ experience in real estate investment/development, site selection or related real estate or investment experience
Strong understanding of real estate, valuation, capital markets and deal structuring
Highly analytical, organized and disciplined with proven time management skills
Team oriented with the ability to work independently while being driven for success
Excellent communication (listening, verbal and written), attention to detail and team skills
All applicants must be able to complete pre-employment onboarding requirements (if selected) which may include any/all of the following: criminal/civil background check, drug screen, and motor vehicle records search, in compliance with any applicable laws and regulations
Ability to travel up to 20%
Education/Certifications
Bachelor's degree in business, finance, real estate, economics or related field
Benefits
Comprehensive health, dental, and vision insurance plans, life and disability insurance, access to mental health resources and employee assistance program
Competitive pay, performance bonus, 401(k) retirement plan with company match
Generous paid time off and holidays, parental leave
Building Amenities: On-site facilities include a fully equipped gym, golfsimulator and free parking. The office is conveniently located near local restaurants and is a short walk to the American Airlines Center
CyrusOne is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
CyrusOne provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act (ADA) and any other state or local laws. We will respond to requests for reasonable accommodations to assist you in applying for positions at CyrusOne, or to submit a resume.
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