Realty Income Corporation is aiming to be a globally recognized leader in the S&P 100, and they are seeking an Asset Management Analyst to join their in-house Asset Management department. The role involves assisting deal leaders with real estate divestment transactions and managing documentation and communication related to these transactions.
Responsibilities
- Assist Deal Leaders with investment committee approval packages for both portfolio and single property transaction opportunities
- Manage broker data rooms in SharePoint, ensuring the collection and organization of due diligence materials and other transaction-related documents
- Prepare essential broker documentation, including confidentiality and listing agreements
- Obtain and provide current tenant and unit level financial reporting to listing brokers
- Review broker offering memorandums for accuracy in property and lease data
- Maintain the accuracy of broker master listing agreements, updating the property pricing and details for the listed inventory
- Facilitate communication among internal and external stakeholders throughout the deal process to gather updated and relevant information regarding the tenant, lease, property, and market
- Coordinate with property management to resolve property issues and keep brokers informed of status updates
- Collaborate with internal stakeholders and the disposition leaders to assess unsolicited offers
- Initiate formal transaction processes by submitting detailed purchase-sale-agreement requests to the Legal Department upon LOI execution
- Verify and process broker commission invoices in adherence to listing agreements
- Analyze lease and property documents for language impacting the sale of the property including “use” restrictions, ROFO/ROFR, purchase options, master lease breakout rights and marketing restrictions
- Undertake ad hoc projects and tasks as directed by senior management
- Utilize Salesforce to generate recurring and ad hoc disposition transaction pipeline reports, ensuring that all issued reports are comprehensive, accurate, and reflect the latest data
- Ensure all Salesforce deal data—covering property, tenant, lease, performance metrics, critical dates, and deal status—is accurate and kept up to date
- Update Salesforce records with relevant call notes and action items to support seamless transaction processes
- Track disposition candidates and unsolicited offers under review using Salesforce, and coordinate with Asset Management and Property Management teams as needed
- Collaborate with IT to implement enhancements, updates, and process improvements for Salesforce usage
- Sync the Asset Management team's overall transaction pipeline with the disposition pipeline in Salesforce to ensure alignment and accuracy
- Conduct quarterly audits to verify that disposition records in Salesforce are consistent with active broker agreements in SharePoint
- Keep SharePoint deal folders organized and up to date
- Build and maintain collaborative relationships with key internal teams, including Asset Managers, Accounting, Portfolio Managers, and Legal, utilizing shared knowledge and resources to drive successful outcomes
- Establish and nurture partnerships with real estate brokers and outside counsel to support transaction execution and strategic initiatives
- Engage regularly with listing broker analysts to coordinate on due diligence, broker value assessments, listing agreements, offering memorandums, marketing status updates, and pricing adjustments
Skills
- Bachelor's degree from a four-year college or university, preferably with an emphasis in finance or real estate
- At least 1 year of experience with commercial real estate transactions
- General understanding of commercial real estate and basic understanding of financial statements
- Basic knowledge of commercial real estate documents, concepts, and fundamentals
- Proficiency in Microsoft Excel and Word required
- Proficiency with basic Excel formulas
- Familiarity with Salesforce and SharePoint helpful but not expected
- Eagerness to learn more advanced Excel functions to improve reporting as needed
Benefits
- Best-in-class Benefit Package
- Healthcare, dental, and vision insurance for employees and eligible dependents
- 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation
- Other wellness, financial, and work/lifestyle-specific benefits
- 12 PTO hours every month
- 12 paid holidays
- Paid volunteer time
Company Overview
Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. It was founded in 1969, and is headquartered in Escondido, California, USA, with a workforce of 201-500 employees. Its website is http://www.realtyincome.com/.
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