Public Storage
Real Estate Acquisitions & Development Manager
Public Storage, Frisco, Texas, United States, 75034
Company Description
Public Storage
has grown to become the largest owner and operator of self‑storage facilities worldwide. Since opening our first facility in 1972, we now operate thousands of locations across the U.S. and Europe, totaling more than 170 million net rentable square feet. We are a member of the S&P 500 and the FT Global 500, and our stock trades on the New York Stock Exchange.
We have been recognized as a Great Place to Work, earning awards for Best Career Growth, Top 5% for Work Culture, and Top 10% for Diversity and Inclusion.
Job Description The Real Estate Acquisitions & Development Manager will be based in our corporate office in Frisco, TX. Reporting to the Vice President of Development and working directly with the Director of Acquisitions, you will dedicate full‑time effort 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.
Responsibilities
Identify and source potential development sites across multiple markets.
Perform site evaluations and recommend site selections.
Build and direct real‑estate broker networks in multiple markets.
Underwrite, analyze, and articulate the value proposition for acquisitions.
Develop feasibility models, including capital‑cost budgeting, pro forma returns, and valuation methodologies.
Negotiate purchase and sale documents with prospective sellers.
Prepare and present prospective purchase opportunities to the Capital Committee.
Coordinate due diligence and confirm purchase assumptions throughout the due diligence period.
Collaborate with the Real Estate Development and Construction teams to deliver completed projects.
Assist in the closing process and development tasks necessary to realize acquisition assumptions.
Qualify and complete preliminary research of zoning ordinances for intended use.
Create currency for negotiations with governmental authorities to achieve project approvals.
Perform other projects and duties as assigned.
Qualifications
Experience sourcing and identifying prospective project sites using online databases, broker networks, and other methods.
Ability to manage multiple transactions simultaneously and build a robust transaction pipeline.
Experience underwriting and valuing acquisition opportunities.
Excellent negotiation skills, with the ability to sell your ideas and rationale.
Strong due‑diligence management skills and risk assessment capability.
B.S. in Business Administration or equivalent and 3–5 years of relevant experience (or an equivalent combination of education and experience).
Team‑oriented mindset.
Exceptional written and verbal communication skills.
High self‑motivation and a track record of success.
Travel will be required for this role.
Additional Information 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. All qualified candidates are encouraged to apply.
Sponsorship for Work Authorization is not available for this posting. Candidates must be authorized to work in the U.S. without requiring sponsorship now or in the future.
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has grown to become the largest owner and operator of self‑storage facilities worldwide. Since opening our first facility in 1972, we now operate thousands of locations across the U.S. and Europe, totaling more than 170 million net rentable square feet. We are a member of the S&P 500 and the FT Global 500, and our stock trades on the New York Stock Exchange.
We have been recognized as a Great Place to Work, earning awards for Best Career Growth, Top 5% for Work Culture, and Top 10% for Diversity and Inclusion.
Job Description The Real Estate Acquisitions & Development Manager will be based in our corporate office in Frisco, TX. Reporting to the Vice President of Development and working directly with the Director of Acquisitions, you will dedicate full‑time effort 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.
Responsibilities
Identify and source potential development sites across multiple markets.
Perform site evaluations and recommend site selections.
Build and direct real‑estate broker networks in multiple markets.
Underwrite, analyze, and articulate the value proposition for acquisitions.
Develop feasibility models, including capital‑cost budgeting, pro forma returns, and valuation methodologies.
Negotiate purchase and sale documents with prospective sellers.
Prepare and present prospective purchase opportunities to the Capital Committee.
Coordinate due diligence and confirm purchase assumptions throughout the due diligence period.
Collaborate with the Real Estate Development and Construction teams to deliver completed projects.
Assist in the closing process and development tasks necessary to realize acquisition assumptions.
Qualify and complete preliminary research of zoning ordinances for intended use.
Create currency for negotiations with governmental authorities to achieve project approvals.
Perform other projects and duties as assigned.
Qualifications
Experience sourcing and identifying prospective project sites using online databases, broker networks, and other methods.
Ability to manage multiple transactions simultaneously and build a robust transaction pipeline.
Experience underwriting and valuing acquisition opportunities.
Excellent negotiation skills, with the ability to sell your ideas and rationale.
Strong due‑diligence management skills and risk assessment capability.
B.S. in Business Administration or equivalent and 3–5 years of relevant experience (or an equivalent combination of education and experience).
Team‑oriented mindset.
Exceptional written and verbal communication skills.
High self‑motivation and a track record of success.
Travel will be required for this role.
Additional Information 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. All qualified candidates are encouraged to apply.
Sponsorship for Work Authorization is not available for this posting. Candidates must be authorized to work in the U.S. without requiring sponsorship now or in the future.
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