VP, Investment Officer, Data Centers

Prologis, Inc. is the global leader in logistics real estate. In partnership with our customers and our communities, we develop modern, high-quality properties that set the standard for innovative building design and sustainability. Prologis owns or has investments in properties and development projects of ~1.2 billion square feet in 19 countries and enables 2.8% of the world’s GDP. We have committed to achieve net zero emissions by 2040. Beyond real estate, our Essentials platform optimizes the company’s global asset portfolio to provide our customers solutions that address today’s warehouse and shipping challenges. Prologis Ventures invests in logistics innovation and technology companies to modernize supply chains worldwide.

Job Title:

VP, Investment Officer, Data Centers

Company:

Prologis

A day in the life

As a VP, Investment Officer, Data Centers within our East Region, you can expect to handle all capital deployment activities including acquisitions, redevelopment and development of data center and industrial product. You will play a key role in driving investment strategy, activity and growth in the marketplace for Prologis. Our investment officers are critical to the ongoing future growth of our business. Having a background in setting an investment strategy and leading the origination, underwriting and execution of data center and industrial property acquisitions and developments is critical for success on day one. This role will have a focus on the Eastern Region of the United States.

Key responsibilities include:

• Partner with local Investment Officers, Project Managers, Market Officers and Leasing teams to drive deal flow by directly identifying new capital deployment opportunities (includes green-field land acquisition and development, value-add redevelopments, portfolio and single asset acquisitions of data center and industrial buildings and support M&A and entity investments).
• Leverage existing professional relationships and develop new strategic contacts to generate business opportunities with potential real estate partners, private sellers, brokers, investment bankers, owners, developers, consultants and high net-worth individuals.
• Identify and present new investment opportunities to Senior Leadership as well as Prologis Investment Committee.
• Ability to identify, anticipate, communicate and capitalize on market trends to bring industry leading returns to Prologis.
• Develop comprehensive knowledge of all of the company’s assets, strategy, processes and systems.
• Co-Pilot on select heavy entitlement and zoning projects focused on site plan design, entitlement and land use within local municipalities.
• Execute on existing high-profile entitlement and development projects within the current buildings, land bank and new pursuits.
• Surface BTS opportunities for Prologis’ Data Center team.

Building blocks for success:

Required:

• 10+ year track record of acquiring and developing commercial real estate with a focus on industrial and complex projects. Data center development experience preferred.
• Travel expectation 20-40%.

Preferred:

• Broad industry experience in acquisitions, entitlements and rezoning process, project management, leasing and development.
• Proven track record of sponsoring data center and/or industrial acquisitions and taking them from cradle to grave with a solid performance history of value creation.
• Strong background in underwriting acquisitions deals including value add opportunities; experience working with environmentally challenged properties is an asset.
• In depth understanding of financial acquisition and development pro forma modeling, general construction process and pricing, redevelopment and entitlement processing.
• Background in negotiating PSAs, leases, development agreements and reporting on project performance.

Hiring Salary Range of: $197,000 - $271,000. Salary and whole compensation package (bonus target & LTI) to be determined by the candidate’s location, education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

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People First

Each of us working at Prologis plays an essential role in the enduring success of our company. We value people who are decisive, courageous and adaptable. While we are one company, locations and departments operate with autonomy and accountability. Individuals tak