Realty Income aims to be a globally recognized leader in the S&P 100, committed to creating long-term value for all stakeholders. These stakeholders include our dedicated team members, who embody our purpose: building enduring relationships and brighter financial futures. This guiding principle serves as a beacon for our team, influencing every action we take.
Realty Income’s employees consistently invest their time, commitment, and dedication into the company, and in turn, they receive investment returns in the form of purpose, belonging, and opportunities for advancement.
Realty Income is committed to best-in-class corporate responsibility practices through environmental initiatives, governance programs, and community outreach projects. From the boardroom to the breakroom, our team members make a difference every day.
Realty Income is seeking an Asset Management Analyst to provide support in the execution of property/tenant renewal, investment, divestment, and value-add transactions. This position functions efficiently and effectively in a professional environment and routinely handles highly critical, confidential, and sensitive materials. They collaborate with various internal and external teams in evaluating properties and tenants to optimize the value of real estate properties within Realty Income’s portfolio.
Responsibilities of the Asset Management Analyst:
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Assist with resolution of vacant and to-be-vacant single and multi-tenant properties.
- Analyze market and trade area, zoning, property taxes, demographics, easements and use restriction considerations for vacant properties.
- Conduct market and financial analysis on re-lease versus disposition scenarios.
- Communicate with external brokers for lease and/or sale negotiations.
- Track and communicate lease statuses of future closings or potential re-development.
- Draft and prepare letters of intent (“LOIs”) for re-lease and sale opportunities.
- Draft re-lease and sale approval memorandums.
- Create market maps and aerials, disposition memorandums, and market research summaries.
- Prepare quantitative metric comparative analysis in excel.
- Work closely with other departments within the company, mainly Legal, Development and Property Management, to ensure property values are being optimized.
- Negotiate lease and purchase offers.
- Process and verify broker commission invoices.
- Maintain robust transaction pipeline and up-to-date projections.
- Create, update, and maintain regional portfolio trackers including but not limited to property data, projections, sale and lease transactions, and critical dates.
- Validate and reconcile metrics for various reporting requirements.
- Respond to tenant, broker, and outside inquiries.
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Review, analyze, and evaluate non-credit tenant requests including lease renewal, request for assignment or sublease, lease amendment, and default for single and multi-tenant properties to formulate and present strategic recommendations.
- Verify compliance with rent, tax, insurance, and property management requirements.
- Conduct market and financial analysis to affirm re-lease strategy versus alternative options.
- Review and assess tenant and property-level financial performance, including credit checks, financials, etc.
- Prepare and deliver instructive, detailed amendment and lease requests to support transactions.
What we need from you:
- Bachelor's degree or equivalent experience plus a year or more practical work experience in commercial real estate transactions, leasing, dispositions, and/or development.
- Proficient knowledge of the use and applicability of cash flows and financial analysis for real estate transactions.
- Understanding of commercial real estate and financial statements.
- Ability to be flexible with changing priorities and managing multiple projects at a time.
- Skilled with financial modeling, financial statement analysis, corporate finance, and transaction structuring.
- Ability to gain proficiency in applying rationale, fact-based business judgement and applying reasonableness in analyzing issues.
What you will get in return:
Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,000 real estate properties primarily owned under long-term net lease agreements with commercial clients. Realty Income has declared over 645 consecutive monthly dividends on its shares of common stock throughout its 54-year operating history and increased the dividend over 120 times since Realty Income’s public listing in 1994 (NYSE: O).
Our purpose is to build enduring relationships and brighter financial futures. Among other benefits our employees enjoy:
- Competitive Salary including potential for bonus and stock awards.
- Best-in-class Benefit Package
- Collaborative, team-oriented environment
- Opportunities for Continuing Professional Development
The hourly rate for this role is in the range of $31.20- $43.00. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, (dependent on date of hire) to be discussed during the initial phone interview. Base salary and total compensation package determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data. Realty Income will be accepting applications for this role until April 26, 2024. Should the company deem necessary, the application deadline may be extended without further notice. To apply please click the “Apply” button.
Most US based full-time and part-time roles come with flexible schedules. We offer a best-in-class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle-specific benefits, along with 8.66 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income’s purpose is to build enduring relationships and brighter financial futures, and this starts with you!
