Company Overview
Arcland Property Company is the largest privately held owner, manager and developer of self storage in the Mid-Atlantic Region and rapidly growing nationally under the “ Self Storage Plus” brand. We are seeking a leader to join Arcand’s development team to grow new ground-up projects in key East Coast and Sunbelt markets.
Position Summary
The ideal candidate must be a highly motivated self-starter who is intellectually curious, enjoys working in a fast-paced environment, and adapts easily to change. The Director of Development will be involved in all stages of the investment and development process.
Essential Duties and Responsibilities
- Lead site identification and acquisition from permitting through entitlements
- Lead the underwriting of Class-A self storage developments
- Lead the due diligence of new sites including operational, zoning and constructability analysis
- Negotiate all Letters of Intent and Purchase Contracts
- Lead and coach junior team members on the development process
- Support the capital markets team to raise debt and equity for new projects
- Prepare and present investment committee materials and presentation decks
- Expand and maintain a database of potential development sites
- Lead coordination with internal leadership and third-party consultants during due diligence and closings
- Engage in outreach with storage owners, developers, and brokers within the commercial real estate industry
Qualifications and Skills
5-7 years of experience in commercial real estate and ground-up real estate developmentStrong sense of urgency to meet deadlines and execute business plansExperience leading and coaching direct reportsStrong analytical background with an interest in real estate investment and developmentProficiency in Microsoft Office & Excel; familiarity with real estate financial modeling a plusHighly organized, detail-oriented, and adaptableOpportunistic, entrepreneurial spirit, “go-getter”Strong written and verbal communication skillsComfortable working both independently and as part of a small, collaborative teamBachelor’s degree in real estate, finance, business, economics, or related field preferredCompensation and Benefits
Arcland offers a competitive salary based on experience and qualifications, and an excellent benefits package.
Employer-paid health, disability, and life insurance401(k) savings plan with employer matchFlexible spending accountsPaid time offProfessional development and mentorship opportunitiesIf you're an ambitious and analytical individual looking to grow your career in commercial real estate, and you’re excited to be part of a rapidly growing company and entrepreneurial environment, please reach out.