Job Info
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
Company:
Prologis
Vice President, Investment Officer, Baltimore-Columbia
A day in the life
As a VP, Investment Officer within our East Region, you can expect to handle all capital deployment activities including acquisitions, redevelopment, and development of 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 industrial property acquisitions and developments is critical for success on day one. This role will be based in our Baltimore, MD office with a focus over our Mid Atlantic markets.
Key responsibilities include:
- Partnering with local Market Officer, Leasing and Development 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 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 the East Region Head of Capital Deployment and 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 company's assets, strategy, processes and systems.
- Collaborate with Prologis' Customer Led Development and Data Center teams.
Building blocks for successRequired:
- 10+ year track record of acquiring and developing commercial real estate with a focus on industrial properties.
- Broad industry experience in acquisitions, entitlements and rezoning process, project management, leasing, and development
- Strong background in underwriting industrial acquisitions including value add opportunities with a proven track record of value creation.
- In depth understanding of development pro forma modeling, general construction process and pricing, redevelopment, environmentally challenged properties, and entitlement processing.
- Background in negotiating PSAs, leases, development agreements and reporting on project performance.
- Travel expectation 30%-50%
Preferred:
- 3+ years covering one or more of the following markets: Virginia, Washington D.C. and Maryland.
- Must have a current Real Estate sales license in the State of Maryland or be able to obtain a license within six months of commencing employment. Please note that the company will cover relevant, associated costs and will consider the reasonable time spent acquiring the license as part of work hours.
- Experience managing and growing junior team members.
Hiring Salary Range of: $197,000 - $271,0000. 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.
#LI-AN1
People FirstEach 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 take the initiative here.When you join Prologis, you work shoulder to shoulder with some of the top talent in the industry to do the best work of your career. Every employee belongs. Every employee contributes.
Employees advance their careers here.As a successful global enterprise, Prologis has never lost sight of what matters most, our strong belief that our people are the most important part of our business. And because of that, we provide a generous total rewards package and take a lot of time to focus on quality management and leadership development.
People come first here.All full-time roles in the US come with a robust benefits package which includes healthcare, dental, and vision insurance for employees and eligible dependents. Prologis also offers several other wellness, financial, and work/lifestyle-specific benefits. Our 401(k) retirement plan has a company match of 50% up to 12% of eligible compensation. We also offer generous PTO with a starting accrual of 22 days a year in addition to paid holidays and volunteer time.
All job offers are contingent upon successful completion of background verification. Prologis is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religions, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by law.
Employment Type:Full time
Location:Columbia, Maryland
Additional Locations:
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