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Vice President of Acquisitions and Development - Self Storage

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SUNDANCE BAY MANAGEMENT LLC

Vice President of Acquisitions and Development - Self Storage

Salt Lake City, UT
Full Time
Paid
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  • Responsibilities

    Job Title:  Vice President of Acquisitions and Development – Self-Storage

    Start Date:  Immediately

    Industry:  Real Estate Private Equity

    Location: Flexible

    Sundance Bay Net Lease Investments seeks to hire an experienced VP of Acquisitions and Development with a specific focus on Self-Storage.  Must have experience in either Self Storage Development or Self Storage Acquisitions – preferably both.  This is rare opportunity to join an entrepreneurial private equity firm and have the potential to make an immediate impact on the growth of the firm.  Our firm fosters a culture where top performers will stand out and be recognized for the value they create.

    JOB DESCRIPTION

    The Self-Storage VP of Acquisitions and Development will be responsible for sourcing self-storage acquisition and development opportunities, preferably in high growth states.  They will also be responsible for establishing a market presence and a maintaining of a referral network of self-storage developers that are in need of joint venture equity.  The ideal candidate will already possess a robust network of contacts in the self-storage space (brokers, developers, owners, etc).

    Sundance Bay is real estate private equity firm with over $2.3 billion of assets under management.  The company is based in Salt Lake City, Utah.   

    RESPONSIBILITIES

    • Source, underwrite, and execute self-storage acquisition projects or development projects.  Ability to take a project from cradle to grave.  This includes analyzing ground-up development projects, project viability, market trends, income/expense performance, construction costs, and zoning.
    • Experience in either self-storage development or self-storage acquisitions is a must. 
    • Manage a joint venture development portfolio with an ongoing awareness of the management and condition of the collateral.
    • Develop and execute a method of business development, prospecting, cold calls, and customer retention in support of continued portfolio growth. Meet assigned origination goals to comply with profit and growth objectives.
    • Have strong ability to analyze development information and its appropriate relationship to the success of the project. Analyze cash flow for existing and proposed projects and that relationship with the current marketplace.
    • Understand the flow of development, construction, asset management and manage negotiations between owners and contractors in active construction projects.
    • Understand documentation of all types of real estate capital (JV agreements, debt origination, etc).
    • Understand all real estate title issues and the appropriate lien structure and documentation of loans. Be prepared to approve title reports and to correct unacceptable issues.

    POSITION REQUIREMENTS

    • Bachelor's degree from a four-year college or university
    • Must possess a level of expertise that is usually acquired with 8+ years of self-storage development or acquisitions experience
    • Existing broker and direct developer relationships in assigned market.
    • Deep understanding of real estate deal making and relationship building.
    • Deep understanding of the due diligence process within self-storage real estate both at a market level and at the property level
    • Working knowledge of Word and Excel.
    • Must have perceptive character judgment.
    • Ability to work autonomously.
    • Understanding of credit with the ability to making sound investment decisions.
    • Excellent organizational and analytical skills
    • Strong relationship management skills combined with an ability to interact with others in a positive manner.
    • Ability to maintain confidentiality regarding all customer and employee information.
    • Excellent written and verbal communication skills.
    • Competitive salary, benefits, and profit sharing.

    EQUAL OPPORTUNITY EMPLOYER STATEMENT

    Sundance Bay is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

    This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internship. Sundance Bay makes hiring decisions based solely on qualifications, merit, and business needs at the time.