Property Transaction Closing Manager

Headquartered in Dallas Texas, NETSTREIT Corporation is a publicly-traded real estate investment company that acquires, owns, and manages a diversified portfolio of single-tenant, net lease retail commercial real estate with high credit quality tenants across the United States. Our growth and diversification strategy focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector. This is an excellent opportunity for someone eager to be part of a growing company and make a direct impact in growing our assets portfolio.

 

We value your hard work, integrity, and commitment to make things better, and we put people first by offering you benefits that support your life and well-being.

 

If you are a self-motivated, hardworking, assertive Transactional Closing professional with a passion for serving the best interests of business partners/investors and believe opportunities are made, not found, we’d love to talk with you!

 

OPPORTUNITY  

The Closing Manager will work closely with the Acquisitions, Underwriting, Accounting, and Property Management departments in the closing of new single-tenant purchase transactions and the disposition of existing assets. The candidate should be comfortable interacting with personnel on all levels, outside attorneys, title agents, third-party vendors, real estate brokers, and sellers/buyers on a daily basis.

 

KEY RESPONSIBILITIES / DUTIES 

The activities listed here are not all-inclusive; rather, they indicate the types of activities normally performed by this position. The successful candidate will be able to demonstrate core competencies in the following areas: 

 

• Assist in the negotiations and manage the associated processes of the company’s Purchase and Sale Agreements (“PSA”) for both potential acquisitions and planned dispositions 
• Actively manages all aspect of the due diligence and closing process to ensure investments move efficiently from contracting to completed transactions
• The Closing Manager will serve as the primary point of contact for sellers, outside counsel, and internal stakeholders as it relates to the contracting and closing processes
• Effectively manages the day-to-day deal activities, keeps status notes updated, identifies and forecasts potential delays to critical milestone dates, and communicates the same to senior management
• Coordinate survey and title reviews with legal, counterparties, and service providers to assess property conformance to lease and municipal requirements 
• Directly review leases to confirm conformance with investment criteria and underwriting objectives
• Includes the identification of slippage in operating expenses and discrepancies between lease and title related documents
• Oversee Assistant Closing Managers to:

o Coordinate PSA deliverables, site access, and other deal-specific information

o Engage and manage third-party vendors/reports for surveys, title, environmental site assessments, property condition assessments and zoning 

o Assist with property level insurance, closing statement credits, purchase price allocations, and audit services on an as-needed basis.

o Coordinate the onboarding of new properties with Accounting, Asset, and Property Management.

 

Requirements, Skills, and Competencies we feel best-set candidate up for success

• Excellent administrative/clerical organization skills,

• Excellent verbal, written, and interpersonal communication skills, 

• Ability to review and process a large volume of information in an accurate and timely manner,

• Ability to use and apply common sense and good judgment to effectively manage timelines,

• Ability to prioritize responsibilities, recognize potential conflicts and resolve conflicts quickly, 

• Knowledgeable in Outlook, Excel, Word, Adobe Pro, and Dropbox

• Experience with Smartsheet is a plus

• Experience in reading and abstracting real estate documents, surveys, and title commitments

• Must be able to manage multiple projects at one time and be accustomed to a fast-paced closing environment while maintaining a strict level of accuracy

 

Education and Work Experience:

• Minimum 5 years of Commercial Real Paralegal or Land Title is required

• Paralegal certification preferred

 

We offer competitive base salaries for all full-time positions because we want every employee to feel appreciated and well rewarded for the hard work they do.

 

 The company offers competitive benefits and compensation including:

 

Targeted annual bonuses. Considered part of compensation, targeted annual bonuses are a percentage of salary for all eligible employees. Long-term incentives. Based on a percentage of salary, targeted long-term (or equity) incentives are also available to all eligible employees. When the company does well, so do you.

 

Health insurance plans. • Medical, dental, and vision coverage from day one • Provided by UnitedHealthcare • 90% employer paid for employees, 60% for dependents • Eight medical plans available, including HSA, high-deductible options, and FSA 401(k) retirement plan. • Available 90 days after start date • 4% company match with 5% contribution Additional benefits. • 15 days of PTO, eight days of paid sick leave per year • $1,500 educational reimbursement per year • Employee Assistance Program (EAP) • Company-paid short and long-term disability coverage • Quarterly company events, team building, monthly happy hours, holiday celebrations.

 

It is the policy of NETSTREIT to operate as an Equal Opportunity employer. We provide equal opportunities to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.

 

 At NETSTREIT, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative and open workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals but also truly valued for their unique perspectives and contributions.

 

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