Senior Director, Transaction Counsel

About the Role

Greystar is seeking an experienced Senior Director, Transaction Counsel to support its credit origination business. This attorney will serve as a key part of our origination and capital markets teams, supporting the origination, structuring, negotiation and closing of complex real estate debt transactions. Greystar is a global investment manager with ~$78B of AUM.

Responsibilities

• Advise the origination teams on legal transaction risk in the negotiation of term sheets, loan documents, and modifications, in consultation with external legal counsel.
• Help manage the loan closing process to close loans in a timely manner, including coordinating closing checklist calls and reviewing title commitments, land surveys, environmental reports, zoning reports, and organizational documents.
• Support the post-closing and leverage process, including reviewing assignment documents, eligibility representations, and bailee, transmittal, and trust receipt documents.
• Manage legal coordination to close collateralized loan obligations (CLO), including coordinating note splits or participations, reviewing collateral eligibility representations, and monitoring compliance with applicable credit facility requirements.
• Coordinate entity formation with Greystar investment and corporate legal teams and external counsel.
• Partner with asset management and external servicers on post-closing matters, including any workout and enforcement matters.
• Provide guidance and mentorship to junior team members on legal matters.

Qualifications

• 10+ years of experience at a law firm or in-house with a lender, REIT or commercial real estate (CRE) investment firm focused on credit transactions.
• Intimate knowledge of CRE loan documentation with a command of senior mortgages, construction loans, warehouse lines, B-notes, and mezzanine and preferred equity structures.
• Law degree from an accredited law school and bar admission in good standing.
• Superb attention to detail and ability to handle multiple tasks simultaneously.
• Business-oriented mindset and ability to deliver practical and deal-focused legal advice.
• Exceptional verbal and written communication skills in a deadline-oriented environment.
• Advanced structuring and negotiating experience in the context of complex real estate debt transactions.
• Superior judgment and ethical practices.
• Excellent transaction management skills and evidenced ability to take initiative in the area(s) of focus in order to drive transactions to completion.
• Collaborative team player with strong interpersonal skills.

Pay

• Salary range: $250,000 - $275,000.
• Bonus typically 50 - 60% for this role.

Benefits

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits.
• Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service. Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
• Charitable giving program and benefits.

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