Tax Manager - Strategic Private Capital

Digital Realty; Dallas (TX); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid work model

Competitive compensation

Job summary

Digital Realty Trust, Inc. in Dallas, TX is seeking a Tax Manager - Strategic Private Capital to join its global tax team.

This role supports tax reporting, REIT compliance and transaction needs for strategic private capital structures, including joint ventures and investment vehicles, partnering with Accounting, Finance, Legal, Treasury and external advisors. You will manage tax return filings, investor reporting, and tax provisions, while overseeing REIT testing and 1099 reporting.

Qualifications

• Bachelor's degree in Accounting, Taxation, Finance or related field.
• Minimum 5 years of partnership tax experience across public accounting, law, or industry.
• Strong knowledge of U.S. corporate and partnership taxation, with REIT focus.
• Experience with REITs and investor reporting across multiple entities.
• Ability to translate tax concepts to business impact and collaborate with non-tax teams.

Responsibilities

• Prepare and review tax return filings for relevant entities with internal teams.
• Manage investor tax reporting and disclosures for UBTI and FIRPTA considerations.
• Track tax basis, Section 704(b) capital accounts, and BIG for contributed assets.
• Oversee investor distributions and withholding obligations.
• Support quarterly estimated tax payments and compute tax provisions.
• Assist REIT compliance including asset and income testing and 1099 reporting.
• Coordinate tax structuring for acquisitions, dispositions and 1031 exchanges.

Education

Bachelor's degree in Accounting/Taxation/Finance

Job description

Your Role

Digital Realty Trust, Inc. (NYSE: DLR) is looking to add a Tax Manager - Strategic Private Capital to its global tax team. This role will support the tax reporting, REIT compliance and transaction needs of strategic private capital structures, including joint ventures, managed investment vehicles and their investors. The position will partner closely with Accounting, Finance, Legal, Treasury, business teams and external advisors to deliver accurate tax reporting, maintain compliance and support transactions throughout the investment life cycle. The role directly reports to Senior Tax Director – Private Capital.

Job Description

Tax Manager, Strategic Private Capital

Location

Dallas, TX (Hybrid)

What You'll Do

Tax Reporting

• Manage tax return filings for applicable entities, including coordinating with compliance advisors and internal Accounting and Finance teams to provide requested information on a timely basis and reviewing returns for completeness and accuracy.
• Manage annual investor tax reporting and interim taxable income projections, including relevant disclosures for certain investors, such as unrelated business taxable income (UBTI) for tax-exempt investors and Foreign Investment in Real Property Tax Act (FIRPTA) considerations for non-U.S. investors.
• Track investors' tax basis, including Section 743(b) adjustments and built-in gain (BIG) associated with contributed assets; review taxable income allocations; and maintain tax-basis and Section 704(b) capital accounts.
• Manage investor distributions and related U.S. federal, state and local, and offshore tax withholding obligations.
• Manage quarterly estimated tax payments for tax-paying entities within the structure.
• Compute and review income tax provisions and accruals for corporate entities within the structure.

REIT Compliance

• Help ensure subsidiary REITs operate in a REIT-compliant manner, including interim review of new service offerings and contracts, restructuring transactions and hedging transactions.
• Manage quarterly REIT asset testing, annual income testing and distribution analyses.
• Manage tax reporting obligations for preferred and common shareholders, including Form 1099 reporting.
• Maintain the annual shareholder demand letter process and supporting documentation.

Transaction Support

• Support tax structuring for acquisitions, dispositions, investor exit strategies, restructurings of existing investments and Section 1031 exchange transactions.
• Partner with Legal on entity classification and tax elections, including taxable REIT subsidiary (TRS) and check-the-box elections.
• Coordinate with internal stakeholders and external advisors to implement agreed tax structures and support post-closing tax integration and compliance.

What You'll Need

• A bachelor's degree in Accounting, Taxation, Finance or a related field.
• At least 5 years of partnership tax experience gained through public accounting, law and/or industry roles.
• Strong knowledge of U.S. corporate and partnership taxation, with a focus on the real estate industry.
• Working knowledge of and experience with real estate investment trusts (REITs).
• Experience coordinating tax compliance and investor reporting across multiple entities and stakeholders.
• The ability to translate complex tax concepts into clear business implications and collaborate with non-tax teams to implement initiatives.
• Excellent written and verbal communication skills.
• Strong analytical and problem-solving abilities.
• Solid organizational skills, great attention to detail and the ability to work under pressure and meet deadlines.
• The ability to achieve goals and work independently as well as to contribute as a team player.

Preferred But Not Required

• A master's in Taxation/or Accounting.
• Big Four experience.

A Bit About Us

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, our global data center platform, gives customers a reliable foundation for scaling their digital business and efficiently managing data gravity challenges. The size and scale of our business puts us in a unique position to offer customers access to 300+ facilities in 50+ metros across 25+ countries and six continents.

A Bit About Our Digital Tax Team

Our global tax team works in one of the world's fastest growing and most exciting business sectors. We use our tax expertise and commercial awareness to support and develop an international, publicly-listed organization that is one of the largest publicly listed REITs. From participating in transformational M&A transactions to financial reporting, we work hand-in-hand with our global business partners for a leader in the data center industry.

What We Can Offer You

Our rapidly evolving business sector offers the opportunity to be part of a courageous and passionate team who work together to understand and meet the changing needs of our global customers. Join us and you'll be part of a supportive and inclusive environment where you can bring your whole self to work. As part of our team, you'll get to work with people from different business areas, challenge the way we do things and put your ideas into action. We'll also give you plenty of development opportunities so you can build a rewarding and successful career with us.

Our Compensation Philosophy

Digital Realty offers its employees a highly competitive compensation package, excellent benefits, and an environment that recognizes and rewards your contributions. Central to our compensation philosophy is rewarding our employees for achieving the values and objectives aligned to the company's overall goals and values.