Development Director

Public Storage; Frisco (TX); On-site; USD 120,000 - 180,000; Full time

Job summary

Public Storage is seeking a Development Director to lead complex self-storage development projects from concept to completion in Frisco, TX. The role reports to the Vice President of Development and collaborates with acquisition, design, permitting, and construction teams to manage owner representation and project files.

The ideal candidate will drive feasibility analyses, capital budgeting, and valuation while guiding multi-department teams to meet deadlines and achieve project goals.

Qualifications

• Bachelor’s degree required with preference in Business Administration or Civil Engineering.
• Minimum 8 years of experience in development of multiple properties or retail chain development.
• Experience in leading teams and underwriting/valuation of development opportunities.
• Strong analytical, problem solving, strategic planning and project management skills.
• Excellent negotiation, written and oral communication, and ability to work in fast-paced environments.

Responsibilities

• Analyze and align project requirements with cost projections, construction objectives and profit goals.
• Perform site evaluations and recommend site selections.
• Lead collaboration across departments to ensure timely completion of milestones.
• Oversee entitlement, design, construction and scheduling processes.
• Develop feasibility modeling including capital costs budgeting and pro forma returns.
• Understand entitlements and government approval processes.

Skills

Leading teams

Negotiation skills

Analytical skills

Project management

Communication skills

Education

Bachelor’s Degree (Business Administration or Civil Engineering)

Job description

Company Description

Since opening our first self-storage facility in 1972,Public Storagehas grown to become thelargest owner and operator of self-storage facilitiesin the world. Withthousands of locationsacross 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 asA Great Place to Workby the Great Place to Work Institute. And, our employees have also voted us as havingBest Career Growth, ranked us in theTop 5% for Work Culture, and in theTop 10% for Diversity and Inclusion.

We're a member of theS&P 500andFT Global 500. Our common and preferred stocks trade on the New York Stock Exchange.

Job Description

Public Storage currently has an excellent opportunity for a Development Director to be based in Frisco, TX. The Development Director will report to the Vice President of Development. The successful candidate will work with the VP to take our projects from concept to completion. Successful candidate will participate with team members on acquisition, city/county coordination, site and building design, permitting, design meetings, construction administration and acts as the representative of the owner. This position will be responsible for preparation of site investigation reports, cost at completion reports, project status reports and maintaining project files. The successful candidate will have knowledge of real estate transactions, general contracting methods, be detail oriented and purpose driven to set and meet deadlines.

Responsibilities

• Analyze and evaluate the business needs of company to align project requirements, cost projections, construction objectives and profit goals with each project.
• Perform site evaluations and make recommendations for site selections.
• Take a leadership role on the collaboration with various departments throughout the development process to ensure timely completion of all objectives and milestones.
• Oversee the entitlement, design, construction and scheduling processes of each project.
• Develop feasibility modeling, including capital costs budgeting, pro forma return measurements and valuation methodologies.
• Understands 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.
• Other projects and duties expected of a development manager of the real estate department.

Qualifications

• A Bachelor’s Degree required with preference in Business Administration Civil Engineering
• A minimum of 8 years of experience in the development of multiple properties and/or retail chain development experience.
• Experienced in leading teams
• Proven experience in the underwriting and valuation of development opportunities
• Strong analytical, problem solving, strategic planning, 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 your ideas and the rationale behind them
• Has exhibited a high degree of self-motivation, integrity and success in past endeavors
• Excellent written and oral communication skills
• Ability to work in a fast-paced environment where deadlines are essential
• Ability to handle multiple priorities and projects simultaneously

*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.

**Sponsorship for Work Authorization is not available for this posting. Candidates must be authorized to work in the U.S. without restrictions or requiring sponsorship now or in the future. We do not provide training plans or support for F-1 OPT, STEM OPT extensions, or future visa sponsorship.**