United States onlyAbout Vantage Data Centers
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
Market Development and Site Selection Department
The Market Development (MD) team is responsible for 4 key functions within the North American business: 1) Market Strategy 2) Site Selection & Acquisition 3) New Site Development and 4) Preconstruction. The team drives the business plans and execution of our geographic and vertical market expansions across North America.
We are at the front-end of the process of ensuring we have the critical capacity required to meet the evolving requirements of our wholesale and hyperscale customer base. We evaluate supply, demand, pricing, network, power, and a myriad of other factors when developing our market and site plans. We then acquire sites that align with those plans.
The team collaborates with Commercial Management, Sales, Solution Engineering, Design Engineering, Construction, Operations, Finance, and Senior Management along the way. We also help ensure optimal revenue realization post-construction through development of commercial constructs and pricing that aligns to the objectives of both Vantage and our customers.
Position Overview
This role can be based remotely in the Eastern US.
Vantage Data Centers is actively seeking a multifaceted Real Estate Transactions Program Manager to orchestrate the management of a high volume of large-scale, intricate real estate transactions. This pivotal role will be instrumental in fortifying Vantage’s expansion initiatives across North America.
As the Real Estate Transaction Manager, you will be responsible for supporting Site Selection in meticulously overseeing and orchestrating the acquisition and transactional activities within specific regions and markets. This position also serves as a linchpin in program management, fostering collaboration and alignment within the Market Development team.
Essential Job Functions
This pivotal role will encompass the comprehensive handling and meticulous tracking of site selection activities within specified markets across North America that assist and support the site selection and acquisition process. The incumbent will play a crucial role in supporting due diligence processes, overseeing and handling all site transactions while ensuring seamless alignment among partners to facilitate the successful closure of transactions within designated timelines, scope, and budget.
Furthermore, this role extends its influence into program management within the Market Development team, strategically aligning initiatives and synchronizing efforts between Market Strategy, Site Selection, and Commercial Operations. The Real Estate Transaction Manager will actively give to fostering a unified approach, ensuring cohesive strategies, and streamlined execution across these integral facets of Vantage's Market Development division.
Moreover, the successful candidate will be empowered to architect and establish robust systems and processes, process improvements, taking charge of running and maintaining comprehensive dashboards, contracts, metrics, feedback mechanisms, and monitoring systems pertinent to site acquisition activities. The ability to meticulously conform to Vantage’s brand standards and process protocols will be paramount in ensuring the seamless execution and alignment of all transactional aspects.
Transaction Oversight: Meticulously supervise and oversee a multitude of intricate real estate transactions, managing the acquisition of properties with various ownership structures with precision and attention to detail, and collecting and tracking market comp data.
Transaction Facilitation: Oversee transaction processes, coordinating the seamless progression of acquisitions to closure. Manage and timely reporting on the status of all acquisitions, ensuring the timely preparation of requisite deliverables.
Due Diligence Management: Advise the preparation and management of pre-diligence and due diligence materials, checklists, and dashboards vital for site selection and site development. Coordinate a spectrum of assessments including power, fiber, environmental and risk surveys, title and legal due diligence, easements, entitlements, and other crucial facets impacting site development.
Document Preparation and Teamwork: Skillfully craft and manage the drafting of letters of intent and access agreements, collaborating closely with Legal and Site Selection to refine and finalize these crucial documents. Act as a liaison to ensure alignment with internal standards, legal requirements, and strategic objectives, playing a pivotal role in driving transactions toward successful closure.
Contract Coordination: Orchestrate the coordination of contracts, non-disclosure agreements, and necessary documentation crucial for engaging third-party consultants, agency relationships, and economic development groups. Secure internal approvals for scope, schedule, and budgetary parameters.
Market Development Collaboration: Act as a pivotal liaison between Market Strategy, Site Selection, and Commercial Operations. Foster seamless collaboration and alignment between these teams and the adjacent New Site Development team. Serve as a program manager to facilitate cohesive communication, ensuring all teams are synchronized, fostering shared understanding, and driving unified strategies toward the successful realization of objectives.
Meeting Management: Skillfully manage external and internal meetings, crafting agendas, overseeing action items through meticulous minutes, and ensuring effective follow-through on key outcomes.
Additional duties as assigned by Management
Job Requirements
Education: A Bachelor’s degree in Business, Real Estate, Law, or IT is preferred.
Commercial Real Estate Expertise: 2-4 years of demonstrated experience in commercial/industrial real estate/property transactions showcasing an understanding of the key commercial metrics driving successful acquisitions.
Negotiation Proficiency: Proven negotiation skills and experience, especially in handling real estate agreements and contracts, would be advantageous.
Industry Experience: Experience working in a corporate real estate department a plus. Prior experience in Data Center or technical/industrial facilities is preferred and would be beneficial.
Due Diligence Knowledge: Familiarity with site and legal due diligence processes is preferred, contributing to effective transaction management.
Language Skills: Proficiency or fluency in French is advantageous but not mandatory.
Technical Proficiency: Strong IT acumen is essential, including adeptness in various communication tools and software such as PowerPoint, Smartsheet, and advanced Excel for comprehensive data management.
Interpersonal and Communication Skills: Exceptional interpersonal, written, and verbal communication skills are crucial for effective collaboration with stakeholders both internally and externally.
Adaptability and Accountability: The role demands flexibility, adaptability, and a high level of accountability, capable of thriving in diverse working environments, including remote work, cross-functional collaborations, and varied project demands.
Travel required is expected to be up to 10% but may increase over time as the business evolves.
Physical Demands and Special Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, 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 up to 25 pounds.
Additional Details
Salary Range: $100,000-120,000 Base + Bonus (this range is based on Colorado market data and may vary in other locations)
This position is eligible for company benefits including but not limited to medical, dental, and vision coverage, life and AD&D, short and long-term disability coverage, paid time off, employee assistance, participation in a 401k program that includes company match, and many other additional voluntary benefits.
Compensation for the role will depend on a number of factors, including your qualifications, skills, competencies, and experience and may fall outside of the range shown.
We operate with No Ego and No Arrogance. We work to build each other up and support one another, appreciating each other’s strengths and respecting each other’s weaknesses. We find joy in our work and each other, actively seeking opportunities to inject fun into what we do. Our hard and efficient work is rewarded with an above market total compensation package. We offer a comprehensive suite of health and welfare, retirement, and paid leave benefits exceeding local expectations.
Throughout the year, the advantage of being part of the Vantage team is evident with an array of benefits, recognition, training and development, and the knowledge that your contribution adds value to the company and our community.
Don't meet all the requirements? Please still apply if you think you are the right person for the position. We are always keen to speak to people who connect with our mission and values.
Vantage Data Centers is an Equal Opportunity Employer
Vantage Data Centers does not accept unsolicited resumes from search firm agencies. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired; such resumes will be deemed the sole property of Vantage Data Centers.
We’ll be accepting applications for at least one week from the date this role is posted. If you're interested, we encourage you to apply soon—we’re excited to find the right person and will keep the role open until we do!
