Senior Manager of Acquisitions

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.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the job’s essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the job’s duties, the employee is occasionally required to stand, walk, sit, use hands to handle or feel objects, reach with hands and arms, climb stairs, balance, stoop or kneel, talk, and hear. The employee must occasionally lift and/or move objects weighing up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

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

Not only does CoreSite have a fun, team-focused work environment, but we also offer great benefits to all employees regularly scheduled to work more than 20 hours a week!

• 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

Applicant Privacy Notice: CoreSite is committed to protecting the privacy and security of personal information submitted by applicants. The California Consumer Privacy Act (CCPA) requires us to provide you information about our personal information handling practices. As a result, we’re providing this Privacy Notice that describes how we collect, use, share, and update personal information from individuals who wish to be considered for employment with CoreSite. To read the Applicant Privacy Notice, please go to https://www.coresite.com/applicant-privacy-notice