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.
Position Overview:
The Senior Lease Analyst, UK will be responsible for abstracting, interpreting, and communicating complex commercial lease language from both standard and non-standard lease agreements for international properties under acquisition consideration. The Senior Lease Analyst, UK will be responsible for entering the abstracted lease data into a proprietary custom Salesforce application for import into Yardi.
Key Responsibilities:
Lease Abstraction
- Abstract accurate information from complex leases and related legal documents. Data will include:
- Critical dates (rent commencement, expiration, option periods, notice dates, etc.).
- Revenue information (rental, taxes, insurance, common area maintenance, management, administrative fees, etc.).
- Lease parties (landlord, tenant, guarantor, ground lessor, pilot lessor, etc.).
- Landlord obligations (maintenance, capital expenditures, tenant improvements, etc.).
- Risk related non-financial clauses (assignment/sublease, ROFO, environmental, etc.).
- Accurately input determinations into a custom database for import into Yardi for audit approval and ultimate consumption by other departments.
- Coordinate and communicate critical information with the international Legal Acquisitions department to ensure timely completion of abstraction to meet closing deadlines.
- Work with various other departments to ensure relevant data is available for reporting and action upon the close of the transaction.
- Provide guidance to other department personnel regarding abstracted information, as necessary.
Lease Abstraction Review and Third-Party Oversight
- Ensure final data integrity and accuracy of Lease Abstracts by performing review/quality control of work completed by peer(s) and lease abstraction vendor.
Process Improvement and System Testing
- Provide continued development enhancements and testing of Lease Analysis forms of custom Salesforce applications.
Perform other duties as assigned.
Qualifications:
Knowledge, Skills, and Abilities:
- Previous experience analyzing and abstracting various UK and European commercial real estate leases.
- Exceptional organizational, interpersonal, and critical thinking skills.
- Exceptional attention to detail, with the ability to monitor own work and the work of others for completeness and accuracy; ability to organize information and materials for others.
- Strong oral and written communication skills and presentation abilities.
- Ability to prioritize work to meet specific deadlines.
- Works well independently and as part of the team.
- Excellent PC skills, including Outlook, Excel, and Word.
- Knowledge of Salesforce desired.
- Bilingual or multi-lingual a plus (English, Spanish, Italian).
- Ability to read and interpret complex documents such as leases, REAs, and similar documents and provide abstracts. Ability to speak effectively before groups of employees of an organization.
Education and Experience:
- Bachelor’s Degree or equivalent from a four-year college or university.
- 5+ years of relevant experience in the international commercial real estate administration industry and/or paralegal field; having worked in either the Landlord or Tenant sector is a plus.
- Paralegal certificate a plus, but not required.
