Senior Legal Counsel - Realty Income Corporation

December 06, 2017
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Realty Income Corporation

San Diego, California 92130

Come join one of San Diego’s four S&P 500 companies, Realty Income Corporation, The Monthly Dividend Company®. Realty Income attracts smart, high performing individuals who value integrity, perseverance, and team work. If working in a highly professional environment that rewards employees and values the balance between work and life resonates with you, please apply today.

Our opening is for an experienced Senior Legal Counsel responsible to acquire new properties (completed and development projects) for the Company; provide professional legal counsel to, and supervise and administer all necessary legal services in assigned matters, in conjunction with other in-house attorneys and paralegals or outside counsel and third party service providers as required; provide legal advice to the relevant decision makers throughout the Company.

Specifically the Senior Legal Counsel will be responsible for:

Portfolio Acquisitions:

  • Coordinate, analyze, manage, negotiate, document and close wide range of routine to complex acquisition transactions, including a variety of transaction structures (e.g., asset, corporate, merger, etc.).
  • Review, draft, negotiate and approve documents relating to the routine-to-complex acquisition of real estate, e.g., confidentiality agreements, letters of intent, correspondence, purchase agreements, escrow instructions, lease agreements, lease or other document abstracts, amendments, assignments, estoppels, development agreements, title objection letters, deeds, closing documents, business entity documents, transaction summaries, etc.
  • Review, evaluate and approve information and reports received in connection with routine-to-complex acquisition transactions, e.g., title commitments and exception documents, plats, site plans, plans and specifications, surveys, environmental reports, engineering reports, construction monitoring reports, etc.
  • Review existing loan documents and negotiate lender consent documents in connection with the assumption of in-place loans encumbering real estate.
  • Supervise paralegals in coordinating escrow closings and post-closing matters.
  • Exercise creativity and resourcefulness in resolving legal matters effectively and efficiently.
  • Consult with the Portfolio Acquisitions team on deal structure and strategic alternatives for acquisition of more complex opportunities.
  • Develop and make recommendations to Assistant General Counsel or General Counsel regarding improvements to internal policies and procedures for handling acquisition and development transactions.

Development Properties:

  • Review and approve construction draw requests; assist in coordinating, processing and documenting same and closing projects out.


  • Second-level review of attorney and paralegal work, as needed.
  • General legal research and investigation.
  • Routine advice/counsel to all departments on legal matters.
  • General legal document review, drafting and negotiating.
  • Special projects and duties as assigned.

Portfolio Management (“PM”):

  • Handle wide range of routine-to-complex PM legal matters, e.g., draft/negotiate sale agreements, exchange documents, lease agreements, ground leases, confidentiality agreements, consents to sublease, lease assignments, collateral assignments/leasehold mortgages, alterations and improvements, landlord waivers/subordinations, license agreements, etc.
  • Negotiate and process condemnations, easements, rights of way, rights of entry and similar agreements affecting title to properties.
  • Review and interpret REA issues and other similar title documents.
  • Manage and monitor environmental issues. Review and analyze environmental reports. Draft/ negotiate environmental license agreements.
  • Consult with PM on deal structuring.
  • Consult with PM on lease compliance matters and interpretation of lease terms, conditions and issues.
  • Tenant Defaults and Workouts:
    • Participate in workouts, including direct communications and negotiations with tenants and counsel.
    • Draft and negotiate workout documents, e.g., letter agreements, lease amendments, lease terminations, etc., and manage the resulting transaction.
    • Retain and oversee local counsel as and when necessary.
  • Manage/oversee routine-to-complex litigation and retain/supervise outside legal counsel.
  • Manage/oversee property and liability insurance claims and related matters.
  • Handle miscellaneous title issues, including scheduled title reviews (i.e., ownership and encumbrance reports).


  • Oversee or assist with various tenant bankruptcies (including larger or more complex bankruptcies), including strategy, case management and interaction with outside counsel.


  • Handle miscellaneous and various corporate legal matters as necessary.
  • Handle shareholder issues as necessary.

Performs other duties as assigned.


Education and Experience:

  • A Juris Doctorate degree with proven academic success from an accredited law school, together with substantial experience in commercial real estate transaction law;
  • Minimum of 6-12 years of on-point legal experience; and
  • Any combination of training, experience, skills and other characteristics that would provide the requisite knowledge and abilities in support of the essential job functions.

Certificates, licenses or registrations:

  • Membership in State Bar of California. [Note: Non-California attorneys who otherwise meet the requisite qualifications are not necessarily ineligible to perform legal work for the Company, but, if employed in such a capacity, would be required to register with the State Bar of California and hold the title of “Senior Registered In-House Counsel” (versus Senior Legal Counsel).]

Knowledge, Skills, and Abilities:

  • Highly effective written and verbal communication skills; ability to communicate complex ideas and issues clearly and concisely.
  • Ability to read, analyze and interpret a wide variety of routine-to-complex legal documents and agreements.
  • Adept and proficient at advanced legal document drafting and negotiating.
  • Ability to effectively identify, research and analyze routine-to-complex legal issues, assess potential exposure, propose alternative courses of action and make well-reasoned recommendations.
  • Ability to exercise creativity and resourcefulness in problem solving and promote effective and efficient resolution of legal matters.
  • Ability to analyze complicated and complex legal matters and make well-reasoned judgments to minimize risk and add value to the Department and Company.
  • Ability to effectively manage time, handle multiple projects concurrently, work under pressure and meet deadlines.
  • Ability to establish and maintain effective working relationships, and to function effectively as part of a team.
  • Ability to actively listen to others, understand their position and respond appropriately.
  • Adaptability to diverse legal issues and areas of legal practice.
  • Highly proficient, effective; exceedingly professional.