Vice President, Development

Since opening our first self-storage facility in 1972, Public Storage has grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real estate, we're also one of the largest landlords. We've been recognized as A Great Place to Work by the Great Place to Work Institute. Our employees have also voted us as having Best Career Growth, ranked us in the Top 5% for Work Culture, and in the Top 10% for Diversity and Inclusion. We're a member of the S&P 500 and FT Global 500. Our common and preferred stocks trade on the New York Stock Exchange.

Responsibilities

• Lead sourcing, evaluation, negotiation, and advancement of acquisitions, developments, redevelopments, and expansion opportunities across target markets.
• Develop market strategies and portfolio growth plans informed by market trends, competition, demographics, and investment priorities.
• Oversee underwriting, valuation, business case development, and investment committee materials for transaction opportunities.
• Lead due diligence efforts across legal, title, environmental, operational, entitlement, and financial workstreams.
• Build and maintain strong relationships with brokers, developers, landowners, municipalities, consultants, and other external stakeholders.
• Coordinate with Legal and leadership on letters of intent, purchase agreements, development agreements, joint ventures, leases, and related real estate documents.
• Manage pipeline visibility, prioritization, transaction status, risk tracking, and leadership reporting.
• Partner with Development, Architecture, Construction, and Operations to transition approved deals into execution.
• Provide strategic recommendations related to market entry, capital allocation, timing, risk, and portfolio fit.
• Support continuous improvement in acquisition and development workflows, market intelligence, and decision support.

Requirements

• Bachelor’s degree in Real Estate, Finance, Business, Economics, or a related field.
• 12+ years of experience in commercial real estate acquisitions, development, investment, or portfolio growth.
• Strong understanding of underwriting, valuation, due diligence, market analysis, and development processes.
• Strong negotiation, relationship management, and strategic planning skills.
• Strong financial analysis and executive communication capabilities.
• Ability to lead complex cross-functional initiatives across multiple markets.

Qualifications

• Experience in self-storage, retail, industrial, multifamily, or another multi-site operating environment.
• Experience in a public company, REIT, or growth-oriented real estate organization.
• Strong market relationships preferred.
• MBA or Master’s in Real Estate preferred.

Schedule

Public Storage teammates are expected to work in the office five days each week with the option to take up to three flexible remote days per month.

Public Storage is an equal opportunity employer. Sponsorship for Work Authorization is not available for this posting. Candidates must be authorized to work in the U.S. without restrictions or requiring sponsorship now or in the future.