The Senior Manager of Acquisitions will report directly to the Vice President of Acquisitions and will play a pivotal role in driving the company’s growth strategy by sourcing and securing strategic real estate acquisitions in each of the company’s target markets. This role demands a critical thinker with a deep understanding of data center and real estate market trends and exceptional negotiating skills. The Senior Manager will work closely with cross-functional teams to identify and screen opportunities that align with the company’s objectives, perform due diligence, and negotiate acquisition transactions through execution.
Duties:
- Market Research & Analysis: Conduct comprehensive market research to identify potential acquisition opportunities in target markets.
- Deal Sourcing: Develop and maintain relationships with brokers, property owners, and other stakeholders to source viable real estate deals.
- Due Diligence: Lead due diligence processes, including financial analysis, property inspections, and coordination with legal and compliance teams to assess the feasibility of acquisitions.
- Negotiations: Negotiate terms and conditions of acquisition agreements to ensure favorable outcomes for the company.
- Financial Modeling: Prepare and analyze financial models to project returns and assess the financial viability of potential acquisitions.
- Reporting: Prepare detailed reports and presentations for senior management and the investment committee to facilitate informed decision-making.
- Project Management: Coordinate with internal and external teams to ensure smooth and timely execution of acquisition transactions.
- Compliance: Ensure all acquisitions comply with company policies, industry regulations, and legal requirements.
Requirements
Knowledge, Skills, and Abilities:
- Market and Industry Knowledge: Extensive knowledge of real estate markets, data center market trends, investment strategies, regulatory requirements, and the competitive landscape.
- Analytical Skills: Strong analytical and financial modeling skills with the ability to interpret complex data and make informed decisions.
- Negotiation Skills: Proven ability to negotiate effectively, with strong persuasion and influencing skills.
- Communication Skills: Excellent verbal and written communication skills, capable of presenting complex information clearly and persuasively.
- Project Management: Strong organizational skills with the ability to manage multiple projects simultaneously and meet deadlines.
- Interpersonal Skills: Ability to build and maintain strong professional relationships with internal and external stakeholders.
- Problem-Solving: Strategic thinker with strong problem-solving abilities and attention to detail.
- Technological Proficiency: Proficient in the use of financial analysis software, Microsoft Office Suite, and real estate databases.
- Travel: Required travel that will vary and can be spontaneous based on transactional requirements.
- Hybrid: Ability to thrive in a hybrid work environment that consists of at least two onsite days per week.
Experience/Education:
- Education: Bachelor’s degree in Real Estate, Finance, Business Administration, or a related field. A Master’s degree or professional certification (e.g., CFA, CPM) is preferred.
- Experience: A minimum of 7-10 years of experience in real estate acquisitions, with a proven track record of successfully sourcing and closing deals. Must have an established network within the broker and banking community, enabling effective business development.
- Leadership: Demonstrated leadership experience with the ability to mentor and guide junior team members.
Compensation:
Compensation for this role includes a base salary between $130,000 and 155,000 annually. This role is also eligible for an annual bonus and equity, based upon individual and company performance.
Posting Timeline: This position is expected to be open for applications through August 15, 2024.
Benefits:
- First-day medical insurance through Cigna with generous premium cost coverage.
- Dental insurance through Delta Dental.
- Vision insurance through VSP.
- Telemedicine through MDLive for Cigna.
- Healthcare and dependent care flexible spending account (FSA) plans.
- Health saving account (HSA) plans for employees participating in the High Deductible Health Plan.
- Life, AD&D, short-term disability, and long-term disability insurance fully paid by the company.
- Voluntary coverage benefits for supplemental life, critical illness, accident, and hospital insurance.
- First-day eligibility for 401(k) savings plan through Fidelity, which includes an attractive matching company contribution.
- Discretionary annual bonus and equity incentive plan.
- Employee stock purchase plan (ESPP) with a 15 percent discount.
- 16 days of paid time off (PTO).
- 11 paid company holidays and additional floating holidays.
- School visitation and elder care paid time off.
- Parental leave, adoption and surrogacy benefits, and family planning/fertility support.
- Wellness reimbursement program & wellness incentive program.
- Free parking or a company contribution toward a public transit pass.
- Education reimbursement and student loan debt assistance program.
- Employee assistance program, childcare resources, personal finance management support, and student loan debt assistance program.
- Pet insurance.
- Charitable matching program.
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