Asset Strategy - Sr. Analyst
Extra Space is looking for an experienced Sr. Analyst to aid in a robust and growing real estate development program. The Sr. Analyst’s focus is to find optimal development, redevelopment and reposition opportunities, perform underwriting and prioritization; assist with early-stage conceptual design, budgeting, ROI, feasibility, and entitlement. The Sr. Analyst "owns the pipeline" and is the primary underwriter of companywide value-add projects and a regular contributor to Real Estate Committee investment presentations. If you’re interested in expanding your Real Estate Development experience within the framework of a top performing Asset type, then this position is for you.
Financial modeling and underwriting of new development/redevelopment opportunities
Manage early stages of the property development life cycle including project identification, analysis, pre-feasibility, full feasibility and entitlement
Assist in the acquisition of raw land and existing buildings for repurposing to self-storage
Prepare REC/AMC deal packets and assist in presenting projects for investment consideration
Identify optimal disposition opportunities; assist in underwriting and disposition execution including due diligence and closing
Research local submarket conditions including growth, supply, demographics, new competition, etc
Contribute to best practices and new ideas in financial modeling, research, and storage focus trends
Analyze and evaluate convadd requests above certain cost/size thresholds
Regular travel (8-12 trips/year prior to Covid) to find and evaluate development/ redevelopment opportunities
Manage lender release/consent; negotiate condemnations; assist Operations with large conversions
Evaluate special projects and new opportunities that generate property level growth
Strong analytical skills including financial modeling in Excel
Interest and experience in real estate underwriting, finance, development and/or transactions
Strong knowledge and skill set for a variety of computer applications, including Yardi, ESRI, E-Builder, Power BI
Strong communication and presentation skills
Resourceful and enthusiastic
Strong organization skills
Education and Experience
Bachelor’s Degree in Finance, Accounting, Economics or Real Estate from a four-year university; MBA OR MRED preferred
Three to five years related experience and/or training in real estate, finance or economics
We pride ourselves on hiring top talent and provide you the following benefits and more:
Well defined career paths
Qualify for Medical, Dental, and Vision benefits on Day 1
Health Savings Account (HSA) or Flexible Spending (FSA)
Company paid Life, AD&D, and Short & Long Term Disability
401K with company match after 90 days of service
Holiday pay and paid time off
Extensive Wellness Program and various Employee Discount Programs
Personal Health Advocate
Free soda, coffee, and drinks all day every day and much, much more!
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
If you are a current Extra Space employee, please apply through the "Find Internal Career Openings" in Workday.
Extra Space Storage is the second largest operator of self-storage facilities in the U.S. Since we were founded in 1977, we’ve taken the storage industry by storm. In 2015 alone we added 1.6 Billion dollars in new acquisitions to our already large property portfolio.
The cornerstone of Extra Space Storage is successful partnerships with our stakeholders, partners, investors and customers. Our goals are driven by an impassioned, dedicated workforce that thrives in the innovation driven corporate environment. We are the best, at getting better!
Our Team Makes Us EXTRAordinary
Knowledge is power and experience is valuable. This is why we strive to attract the best candidates for every position at Extra Space Storage. Every position is valuable to our success from our executive management team, corporate employees, on-site managers and call center team.
Offering a Career Path Paved with Innovation and Satisfaction
Attracting the best candidates in any field requires a commitment to job satisfaction. At Extra Space Storage, job satisfaction is high, this is why we have one of the best retention rates in the business. We know that our success depends on our team loving their jobs!
An Extra Space employee is number one valued and knows they are invaluable to the team, customer and company. Second they are passionate enjoying a challenging and rewarding career path armed with the tools they need to succeed. Add a fun work culture and spectacular offices makes Extra Space a pretty amazing place to work.