Job Description
Job Description
Job Description
Managing Director - Data Centers (Real Estate Acquisition/Development)
Provident is seeking a Managing Director to build out and run our emerging Data Centers platform across the United States.
Ideally, this individual possesses 5-10+ years of experience in a senior role within a data center development company and strong experience with site selection, entitlements (both use and power), and construction oversight, along with a network of capital partners, general contractors, engineers, architects, brokers, etc.. This individual should also have a proven track record of building, managing, and motivating a team to move quickly and efficiently in a rapidly evolving environment.
Key Responsibilities: The
Managing Director, Data Center Development role involves leveraging industry experience and contacts within the real estate industry to identify, negotiate, and secure the acquisition and development, through the disposition of data center properties.
- Lead the development and implementation of the real estate strategy to support our short and long-range business plan as you grow the Provident brand to have a nationwide footprint.
- Lead the process of developing market strategy, location, site selection, site design, infrastructure, construction, and disposition.
- Lead a high-performing team on due diligence, acquisition, entitlements, city/county coordination, budgets, site and building design, site engineering, permitting, scheduling, and construction administration, and act as the representative of the company.
- Responsible for preparation of site investigation reports, cost at completion reports, budgets, project status reports, and maintaining project files.
- Develop feasibility modeling, including capital costs budgeting, pro forma return measurements, and valuation methodologies.
- Analyze and evaluate Provident’s business needs to align project requirements, cost projections, construction objectives, and profit goals with each project.
- Responsible for monitoring, tracking, and reviewing operational expenses and construction costs for optimal performance.
- Take a leadership role in the collaboration with various departments throughout the development process to ensure the timely completion of all objectives and milestones.
- Manage multiple complex entitlement and development projects simultaneously.
Qualifications: - Bachelor's degree in Real Estate, Business Administration, Finance, or a related field
- A minimum of 5-10 years of experience in the acquisition and development of data center projects, with most recent experience holding a senior-level leadership role.
- Strong network of contacts within the Texas real estate market and data center market.
- Proven experience in the underwriting and valuation of development opportunities, land acquisitions, and underwriting transactions.
- Strong analytical, problem-solving, strategic planning, budgeting, scheduling, and project management skills.
- Knowledge to assess and mitigate risks in the transaction, entitlement, and development processes.
- Excellent negotiation skills with the ability to sell ideas and the rationale behind them.
- A deal-oriented development executive who has had land acquisition experience during his/her career.
- Ability to build, lead, and manage cross-functional teams effectively.
- Strong communication and interpersonal skills.
About Provident: Since its inception in 1991, Provident has developed over $6 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for Provident and our investor partners. With over three decades of experience with opportunistic land development and vertical development in various key U.S. markets, our company thrives on an entrepreneurial spirit and an excellent track record of success.
Over the past 30+ years, Provident has executed a diversified real estate investment and development platform. Currently, the $2.9 billion portfolio includes product types such as multi-family, industrial, master-planned communities, hospitality, and data centers across the United States.
Under the leadership of Leon Backes and Jay Hawes, Provident is a respected, well-capitalized investment firm, that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends, and challenging economic cycles. Provident is in constant pursuit of flexibility, innovation, and professionalism in its operations and investments. By maintaining a streamlined decision-making process, Provident is able to capitalize on fast-moving opportunities and rapidly adjust to dynamic market forces.
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