Real Estate Manager

About the role

When you join Verizon you want more out of a career. A place to share your ideas freely — even if they’re daring or different. Where the true you can learn, grow, and thrive. At Verizon, we power and empower how people live, work and play by connecting them to what brings them joy. We do what we love — driving innovation, creativity, and impact in the world. Our V Team is a community of people who anticipate, lead, and believe that listening is where learning begins. In crisis and in celebration, we come together — lifting our communities and building trust in how we show up, everywhere & always.

The Manager of Real Estate Transactions will be responsible for the negotiation of complex transactions including sales, leases, purchases, development agreements, easements and more. They will manage the direct and outsourced team associated with complex transactions to ensure optimal results and that all financial objectives are met. They will partner closely and act as the single point of contact for all other functions within the business such as strategic planning, legal, operations, finance and all necessary stakeholders to bring any project to completion. Additionally, this role will be responsible for gathering new prospective transactions and reporting findings out to senior leadership.

Responsibilities

• Negotiating transactions from an owner’s perspective including: sales, new site requirements, subleases, purchases, renewals, dispositions, easements, development sales, etc.
• Identifying & executing monetization opportunities within the portfolio, including complex separation/subdivision/condominium sales.
• Assuming end-to-end responsibility for all transactions including acting as a single point of contact to third parties (landlords / owners / purchasers, adjacent property owners), engagement and handoff to appropriate disciplines within GRE.
• Preparing detailed financial analysis for all transactions, such as: lease vs buy, investment sales, buyout analysis, etc.
• Ensuring funding & scope are correctly identified and communicated.
• Drafting CAS documents for all deals to secure senior management approval.
• Negotiating complex acquisitions, dispositions, and subleases.
• Performing comprehensive market studies on a national basis identifying market trends, values, rental rates, due diligence.
• Interacting with the leadership team on market metrics, making recommendations regarding transactional structures, etc.
• Managing national transactions service providers — negotiating contracts, developing and measuring KPIs, providing direction and feedback on performance.
• Acting as a key stakeholder in resolving legal matters as they arise.
• Developing departmental budgets and reporting variances to leadership each quarter.
• Participating in broker selection on a case-by-case basis.
• Acting as a single point of contact for all wireless network locations in which GRE has been asked to execute on a transaction.

Requirements

• Bachelor’s degree or four or more years of work experience.
• Four or more years of relevant experience required, demonstrated through one or a combination of work and/or military experience, or specialized training.
• Willingness to travel up to 25% of the time.
• A valid driver’s license.

Qualifications

• Advanced degree in real estate or MBA.
• Experience managing a team.
• Experience in commercial real estate leasing and sale fundamentals, law, financials as well as associated terms and processes.
• Ability to work well with other corporate disciplines such as Tax, Legal, Risk Management, Environmental Manager, Security, Lease Administration, Treasury and Accounts Payable.
• Strong negotiation and interpersonal skills.
• Ability to perform a detailed market search.
• Experience in real estate program management and knowledge of wireless real estate.
• Computer skills including familiarity with financial modeling and systems for managing projects.
• Ability to interface with senior leadership, building occupants, landlords, buyers and other contacts in the daily management of projects.
• Ability to assemble and lead project-specific teams.
• Strong communication skills at all levels — both verbal and written.
• Strong analytical and presentation skills.
• Knowledge of financial systems.
• Skills to evaluate technical drawings, surveys, property reports, market data, appraisals or other documents.
• Understanding of the property due diligence process including the interpretation of third-party reports, identifying legal issues, and risks.

Benefits

Our benefits are designed to help you move forward in your career, and in areas of your life outside of Verizon. From health and wellness benefit options including: medical, dental, vision, short and long term disability, basic life insurance, supplemental life insurance, AD&D insurance, identity theft protection, pet insurance and group home & auto insurance. We also offer a matched 401(k) savings plan, up to 8 company paid holidays per year and up to 6 personal days per year, paid parental leave, adoption assistance and tuition assistance, plus other incentives. Newly hired employees receive up to 15 days of vacation per year, which grows with additional service. For part-timers, coverage will vary as you may be eligible for some of these benefits depending on your individual circumstances.

Pay

This is an incentive-based position with the potential to earn more. The annual salary range for the location(s) listed on this job requisition based on a full-time schedule is: $86,000.00 - $165,000.00. Depending on the role, employees have the opportunity to receive compensation in the form of premium pay such as overtime, shift differential, holiday pay, allowances, etc. For part-time roles, compensation will be adjusted to reflect hours.

Schedule

In this hybrid role, you'll have a defined work location that includes working from home and a minimum of three days per week in the office, which will be set by your manager. Employees are responsible for maintaining compliance with hybrid work policies. Scheduled weekly hours: 40.