Full-Time

Director – Site Selection and Acquisition

Confirmed live in the last 24 hours

Vantage Data Centers

Vantage Data Centers

1,001-5,000 employees

Designs and operates scalable data centers

Data & Analytics

Compensation Overview

$190k - $210kAnnually

+ Bonus

Senior, Expert

Remote in USA + 4 more

More locations: Santa Clara, CA, USA | Ashburn, VA, USA | Phoenix, AZ, USA | Denver, CO, USA

Role can be based in Denver, CO; Phoenix, AZ; Santa Clara, CA; Ashburn, VA; or can be based remotely.

Category
Real Estate
Real Estate Development
Requirements
  • Bachelor’s degree in Commercial or Industrial Real Estate required.
  • Senior level with minimum 7 years’ experience in real estate acquisition & site selection required; 9+ years preferred.
  • Extensive experience negotiating real estate purchase & sale agreements strongly preferred.
  • Data Center experience is strongly preferred, but not required; at a minimum, extensive commercial and industrial real estate experience required.
  • Working proficiency or fluency in French not required, but advantageous.
  • Excellent analytical skills with understanding of real estate finance and discounted cash flow analysis.
  • Strong IT skills: ability to use multiple communication tools and packages essential.
  • Strong interpersonal, written, and verbal communication skills at all levels of the organization and with other stakeholders and third parties such as suppliers and real estate brokers.
  • Flexible, adaptable, and self-directed; able to work in a variety of circumstances, e.g.: remotely, while traveling, across multiple time zones, cross functionally, by project, etc.
  • Domestic and International (Canada) Travel required is expected to be up to 40% but may increase over time as the business evolves.
Responsibilities
  • Lead all aspects of site selection, real estate negotiation, landowner & broker site discussions, deal lifecycle, and oversee all covered real-estate before handoff to New Site Development.
  • Track and monitor a volume of sophisticated real estate transactions including the acquisition of freehold, leasehold, or fee simple ownership interest in land and/or buildings; includes tracking competitor & relevant market land data in target markets across North America.
  • Author Letters of Intent & Purchase agreements from templates or modify with VDC Legal from inbound seller drafts.
  • Serve as the primary point of contact for brokers, landowners, and consultants, coordinating initial site assessments and securing new site information.
  • Coordinate with local real estate brokers and consultants who will assist in locating properties.
  • Oversee all closing activities, including procurement of title, environmental, and vital insurance requirements.Ensure all payment terms and conditions met by internal teams to close on time; Coordinate with internal and external legal teams on filing all required documentation, i.e., transfer of deeds of trust, title, property, etc. in compliance with Sales and Purchase Agreement and local regulatory and legal requirements.
  • For covered real-estate assets, procure and manage qualified property management contracts for duration of pre-development period;oversee all P&L cashflows and procure leases with brokers if required.
  • Assist Leadership Team with evaluation and selection of new sites for data center assets, for the purpose of acquiring and developing into a Vantage Data Center property.
  • Transition sites to the VDC New Site Development team following acquisition.
  • Work with internal Assistant General Counsel to assist with development-related agreements.
  • Provide ongoing support to the New Development and Construction teams from concept to shovel-ready state, ensuring all project requirements are met across Vantage’s North American portfolio.
  • Obtain and analyze key market metrics, data, and site details for identified markets, completing initial site assessments and due diligence for internal review.
  • Stay up to date with real estate legislation and anticipated changes to ensure compliance throughout the acquisition process.
  • Report on the status of all site selection projects to senior leadership, including risks, schedules, budgets, and quality.
  • Lead and coordinate any post-close obligations with internal stakeholders (New Site Development, Construction, Operations) to ensure successful project handover.
  • Handle additional duties as assigned by Management.

Vantage Data Centers provides large-scale data center solutions for hyperscalers, cloud providers, and large enterprises in North America and Europe. Their facilities are designed to be scalable, allowing clients to expand their IT infrastructure without relocating, and they lease 'white space' for clients to install their servers. A key advantage is their ability to deliver this space quickly, often within six months, which is crucial for businesses needing rapid growth. Vantage also focuses on efficiency and sustainability, using standardized designs and promoting eco-friendly practices.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$11.3B

Headquarters

Denver, Colorado

Founded

N/A

Growth & Insights
Headcount

6 month growth

14%

1 year growth

25%

2 year growth

66%
Simplify Jobs

Simplify's Take

What believers are saying

  • Significant financial backing, including a $9.2 billion equity investment, positions Vantage for aggressive expansion and innovation.
  • The appointment of a Chief Technology & Innovation Officer underscores Vantage's commitment to technological advancement and leadership.
  • Expansion into high-demand markets like Malaysia and Ohio indicates robust growth opportunities and market penetration.

What critics are saying

  • The rapid expansion and large-scale projects could strain resources and operational efficiency, potentially leading to service disruptions.
  • High competition in the data center market, especially from established players, could impact Vantage's market share and pricing power.

What makes Vantage Data Centers unique

  • Vantage Data Centers specializes in large-scale, flexible data center campuses tailored for hyperscalers, cloud providers, and large enterprises, unlike competitors who may not offer the same level of scalability.
  • Their ability to deliver 'white space' within six months provides a rapid scaling advantage for clients, setting them apart from slower-moving competitors.
  • A strong commitment to sustainability and eco-friendly practices differentiates Vantage in an industry increasingly focused on environmental impact.

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