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Associate Director, Asset Management

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
San Diego
 CA
Postal Code
92130
Country
United States

This job is no longer active.

Description


Realty Income, The Monthly Dividend Company®, one of four San Diego based S&P 500 companies dedicated to providing shareholders with dependable monthly income. Our company is structured as a REIT, and its monthly dividends are supported by the cash flow, over 6,500 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, our company has declared over 600 consecutive common stock monthly dividends throughout its 52-year operating history and has continually increased the dividend since Realty Income's public listing in 1994 (NYSE: O). Our company attracts individuals who value integrity, perseverance, and teamwork. If you appreciate working on a truly collaborative team in a professional environment in a company that encourages a work-life balance, make sure to apply today!

As Realty Income’s Director, Asset Management, you will be responsible for executing property-level commercial renewals, leasing, and disposition strategy following portfolio goals and objectives. Your ability to negotiate renewals, new leases, and sale transactions will showcase both your vast real estate knowledge, as well as the ability to create and maintain connections. Working primarily in a non-credit tenant portfolio, you will have a significant impact on our organization by optimizing the value of real estate properties within our portfolio. Reporting to the Senior Vice President, Investments & Head of Asset Management, the opportunities are in abundance while working for a company with a history of success.

Your Contribution to the Team Includes:

  • Negotiate Lease Rollovers
  • Review portfolio of properties leased to non-credit tenants with lease expirations in any given year to assess likelihood of lease renewal or potential vacancy:
    • Oversee review and analysis of market and trade area, zoning, property taxes, demographics, easements, and use restriction considerations to assess quality of location
    • Analyze tenant financial information to gauge operating performance
    • Engage tenants with expiring leases to renew (i.e. rent, length of term, NNNs, etc.)
    •  Recommend renewal structure
  • Collaborate with the Corporate Leasing team regarding strategy for credit tenant portfolio lease renewals Re-tenant or Sell Vacant Properties
  • Review portfolio of upcoming leases nearing expiration to determine strategy for re-leasing or selling:
    • Analyze market and trade area, zoning, property taxes, demographics, easements, and use restriction considerations for vacant properties
    • Interview and evaluate local brokerage representation, hire and manage listing brokers, and negotiating lease or purchase offers
    • Research and interview tenant and/or buyer for credibility and feasibility to successfully consummate a transaction
    • Underwrite creditworthiness of tenant via review of financial statements, tax returns, asset/bank statements, credit report, landlord, and other references
  • Present letters of intent (the “LOI”) outlining business terms for approval by SVP and EVP
  • Work in concert with Legal Department to finalize a contract with tenant and/or buyer
  • Monitor pending transactions, negotiating, and proactively driving forward progress to ensure successful closing of transactions

Miscellaneous

  • Manage tenant and broker communication activities
  • Litigation support:
    • Analyze litigation matters for potential impacts on property viability
    • Collaborate with Legal Department on litigation risk analysis and lawsuit-versus-settlement probability outcome
  • Review property management plans/expenses
  • Approve easements and condemnations Performs other duties as assigned.

Job Function


Not specified

 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Asset / Portfolio Management San Diego Full Time CA Analyst - Asset Management other