VP, Real Estate & Site Acquisition

Job Description:
The Vice President of Real Estate will lead and manage Flexential' s real estate portfolio. This role is responsible for defining the strategic real estate plan to support the Flexential business objectives and Long-Range Plan (LRP). This will include activating strategic expansions, partnering with the Design Construction and Engineering team (DCE), and the optimization of Flexential's data center facility portfolio. This is a highly impactful role requiring the candidate to work cross-functionally to plan and execute facility projects that will drive results that impact revenue and EBITDA. This role will have the chance to influence the forward-looking vision of the business and ensure our capital-efficient strategy is scalable as we grow. This individual will lead the ideation, productization, and sunsetting facilities in the Flexential portfolio. Finally, this individual must manage strategic internal relationships to develop a real estate program with scalable and consistent processes.

Key Responsibilities and Essential Job Functions

Strategic Planning and Execution

• Develop and implement the real estate strategy to support the company's growth objectives, including site acquisition, expansion and portfolio optimization.
• Alignment with Go To Market to ensure the Voice of Customer is factored into site strategy.
• Identify market trends, evaluate potential opportunities, and mitigate risks associated with real estate investments

Site Acquisition and Development

• Lead due diligence and negotiations for site purchases, development partnerships and option agreements for new data center locations
• Develop and maintain a network of key relationships, including brokers, developers, community leaders
• Collaborate with cross-functional teams (product, DCE, DCO, legal, Finance) to ensure successful project planning, permitting and development.

Portfolio Management

• Oversee management of the existing real estate portfolio, ensuring optimal use of assets and alignment with long-term strategic goals
• Mange lease negotiations, renewals and dispositions ensuring favorable terms and effective cost management

Financial Analysis and Budgeting

• Prepare and manage budgets, forecasts and financial models related to real estate investments and development projects
• Conduct due diligence and ROI analysis for potential acquisitions, JV's, and development projects

Team Leadership and Stakeholder Engagement

• Build and lead a high-performing site acquisition and real estate team, providing mentorship, strategic direction, and ensuring professional development for direct and indirect team members.
• Collaborate with internal and external stakeholders including senior management, investors, regulatory agencies and strategic partners
• Regularly report on acquisition pipeline, financial performance, and key market trends to executive leadership

Risk Management and Compliance

• Ensure all site acquisition and real estate activities comply with local, state and federal regulations
• Oversee contract management, permitting, and zoning processes, minimizing potential legal or operational risk.

Required Qualifications

Experience

• Minimum of 10 years' experience in real estate management, with at least 5 years in a senior leadership role, preferably in data centers, industrial or technology-related sectors
• Demonstrated experience in site acquisition, development negotiations and JV partnerships
• Experience with complex, multi-layered capital stacks and complex developments

Education

• Bachelor's degree in real estate, Business Administration, Finance, or related field. MBA or advanced degree preferred

Skills and Competencies

• Strong strategic and analytical thinking with the ability to develop actionable plans
• Exceptional negotiation, communication, and interpersonal skills
• Strong presentation skills with ability to effectively report regularly to the Executive team and Board of Directors.
• Proven leadership experience with the ability to inspire and manage cross-functional teams
• In-depth understanding of commercial real estate, financial modeling, and market analysis
• Ability to work effectively in a fast-paced, dynamic environment

Technical requirements

• Proficiency in real estate management software and financial modeling tools
• Familiarity with regulatory requirements and permitting processes relevant to data center development

Why Join Flexential

• Be part of a dynamic, innovative company at the forefront of the data center industry
• Lead strategic initiatives that drive growth and operational excellence
• Work in a collaborative environment with a diverse team of professionals

.Physical Requirements

• Ability to sit for extended periods of time
• Walk or Stand for 25% of the time
• Moderate or advanced keyboard usage
• Lift 25 lbs.
• Limited travel may be required

This position has the following safety hazards:

Chemical

Electrical

Ergonomics

Climb ladders

Mechanical lift

Noise

Temperature Extremes

Trip/Fall

Driving (must possess valid driver's license and insurance)

Other:_________________

Not meeting every single requirement? No problem! We are looking for candidates who possess unique skills that set them apart from the rest. If you're enthusiastic about this role and believe you have the skills and abilities that would make you successful, don't hesitate to apply today!

Benefits of working at Flexential:
Medical, Telehealth, Dental and Vision
401(k)
Health Savings Accounts (HAS) and Flexible Spending Accounts (FSA)
Life and AD&D
Short Term and Long-Term disability
Flex Paid Time Off (PTO)
Leave of Absence
Employee Assistance Program
Wellness Program
Rewards and Recognition Program

Benefits are subject to change at the Company's discretion.

EEO Statement: Flexential is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.