Public Storage

Development Director

Public Storage$110K — $130K *
Real Estate & Construction
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree, preferably in Business Administration or Civil Engineering.
  • Minimum of 8 years in property development or retail chain development.
  • Experience in team leadership.
  • Proven skills in underwriting and valuing development opportunities.
  • Strong analytical, problem-solving, strategic planning, and project management capabilities.
  • Knowledge of risk management in transactions and development processes.
  • Excellent negotiation and communication skills.

Responsibilities

  • Analyze business needs to align project requirements and cost projections with profit goals.
  • Perform site evaluations and recommend site selections.
  • Lead collaboration with departments to ensure project milestones are met.
  • Oversee entitlement, design, construction, and scheduling processes.
  • Develop feasibility models, including budgeting and valuation methodologies.
  • Manage multiple complex development and entitlement projects simultaneously.
  • Create leverage for negotiations with governmental authorities for project approvals.

Benefits

  • Opportunities for professional development and career advancement.
  • Work in a dynamic, fast-paced environment.
  • Collaborative team culture fostering mutual goal achievement.
  • Engagement in diverse real estate projects across various locations.
Full Job Description
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

About Public Storage

Public Storage is a real estate investment trust that specializes in the acquisition, development, ownership, and management of self-storage facilities. The company operates thousands of self-storage facilities across the United States and Europe. Public Storage was founded in 1972 and is headquartered in Glendale, California.
Learn more about Public Storage
Size
5,800 employees
Market Cap
$49.1 billion
Industry
Net Income
$1.3 billion
Founded
1972
5 Year Trend
+5.9%
Revenue
$2.9 billion
NASDAQ

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