Company Description

　　Public Storage is recognized as one of America’s Best Large Employers in 2022 by Forbes and our employees have also voted us as a Great Place to Work , having Best Career Growth , ranked us in the Top 5% for Work Culture , and in the Top 10% for Diversity and Inclusion.

　　With more than 2,900 locations nationwide, Public Storage is the leader in the self-storage industry, and given our number of tenants, we may very well be the world's largest landlord. We've experienced unprecedented growth over the past four decades, and it's in no small part due to the dedicated team that has helped us become an S&P 500 industry leader, the country's largest real estate investment trust (REIT), and the most recognizable name in self-storage.

　　Job Description

　　The Director Acquisitions will devote full-time efforts to sourcing and investigating opportunities to acquire existing self-storage facilities, negotiating contracts, coordinating due diligence, preparing proposals for the Capital Committees approval and all activities necessary to facilitate the acquisition of operating properties. He/she should be a multi-task driven executive with exceptional self-motivation and creative attributes who has the ability to network and develop broker/owner relationships and understand and articulate the business case of capital investments of multiple acquisition projects.

　　RESPONSIBILITIES

　　Identify and source new acquisition opportunities. Track potential acquisition targets throughout the US

　　Manage the underwriting and financial analysis for each acquisition. Identify and articulate value creation and conceptualize a business case in prospective property acquisitions

　　Build and develop broker network(s) in targeted areas for growth and develop relationships with targeted owners

　　Negotiate Purchase and Sales documents with prospective sellers

　　Prepare and present prospective purchase opportunities to the Capital Committee

　　Coordinate the due diligence and confirmation of purchase assumptions throughout the due diligence period

　　Assist in the closing process of the proposed property

　　Direct and support execution of the value creation opportunities outlined in the business case developed as part of the acquisition process

　　Other projects/duties as assigned

　　Qualifications

　　Five years minimum experience in commercial real estate acquisitions with commercial brokers, REITS and/or property owners/developers

　　Undergraduate degree in Real Estate Management, Finance or Business Administration highly preferred

　　Ideally has experience in buying and/or selling apartments, storage facilities, lodging, industrial buildings, healthcare office space, retail/shopping centers and/or office buildings, etc.

　　Proven track record at developing long term relationships with broker and owner networks

　　Has exhibited a high degree of self-motivation, integrity and success in past endeavors

　　Has led the sourcing and identification of prospective sellers of commercial real estate by leveraging real estate broker communities, real estate databases and other methods as needed

　　Candidates should possess experience in acquisition transactions in the $5M to $40M range;

　　Experienced in the underwriting and valuation of acquisition opportunities and demonstrated experience in acquisition and underwriting transactions

　　Excellent negotiation skills with the ability to sell your ideas and the rationale behind them;

　　Experienced in project managing the due diligence requirements and the knowledge to assess and mitigate risks in the transaction process

　　Proven ability to track multiple transactions across the country

　　Exceptional written and verbal communication skills

　　Proven ability to work in a teamwork and collaborative environment with multiple members in the real estate, finance and legal and facilities departments

　　Additional Information

　　We are united under one common goal – creating a diverse and inclusive environment where all employees feel valued, included, and excited to be part of a best-in-class team. With over 5,000 team members from all different races, backgrounds, and life experiences, we celebrate inclusion and value the diversity each person brings to Public Storage. We believe our commitment to diversity and inclusion makes us a stronger Company and instills a sense of pride across our teams and the customers we serve.