Senior Legal Counsel - Real Estate Dispositions

About the role

Realty Income is seeking a Senior Legal Counsel to join its in-house real estate legal team. The ideal candidate will provide timely, high-quality legal services and support for negotiated property sales, auction sales, and other disposition activities for the Company’s national portfolio of over 15,000 commercial properties.

Responsibilities

• Draft and negotiate Purchase Agreements and Amendments, sale closing documents, buyer correspondence, contract assignments, and other documents related to the property or its disposition.
• Manage the property disposition process, including interface and correspondence with internal team members, outside counsel (if applicable), title company personnel, brokers, and buyer principals and counsel.
• Review, analyze, and solve property and title issues; close sale; assist in post-close turnover of property to buyer if needed; and numerous peripheral activities and tasks as needed to understand the property and manage the sale and any sale issues that are present or arise.
• Aid the Asset Management team with transaction structuring, LOI negotiations, and related pre-sale matters.
• Conduct or supervise sale closings and post-closing file compilation and review.
• Draft and negotiate lease termination agreements, property access agreements, title company forms, and myriad other documents that are ancillary to certain sale transactions.
• Provide general legal advice and guidance on a wide range of property-related issues.
• Manage the sales team’s form document folder; draft and update form documents.
• Afford assistance with sales team reporting to company executives and personnel.
• Manage and supervise outside counsel assisting with sale matters.
• Approve post-close transaction reports.
• Supervise paralegals and staff on sale-related research, analyses, document preparation and processing, and other sale-related activities.
• Manage the identification and clearing of undesirable exceptions from title, including research of issues and outreach to title company, document counterparties and third parties.
• Manage legal aspects of the buyer relationship, and coordinate the interface of other RIC team members with buyer due diligence activities and property access.
• Structure and conduct 1031 exchanges.
• Supervise the performance of internal checks on property condition and address property condition issues impacting sale; address rent payment and property tax issues and prorations.
• Review and approve closing settlement statements.
• Supervise and mentor direct reports (if and as applicable) in order to develop skills, cultivate teamwork and advance career goals.

Requirements

• A Juris Doctorate degree from an accredited law school;
• At least 5 years of relevant or on-point legal experience;
• Membership in the State Bar of a jurisdiction approved by the Company.

Qualifications

• Strong legal skills and experience in real estate law;
• Excellent communication and interpersonal skills;
• Ability to manage multiple tasks and deadlines;
• Experience with legal research and analysis;
• Proficiency in Microsoft Office applications;
• Ability to work independently and as part of a team;
• Strong organizational and problem-solving skills;
• Ability to travel as needed.

Benefits

The pay range for this role is $121,358 - $202,265 - $242,808. Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, to be discussed during the interview process. An annual pay rate and total compensation package is generally determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data. 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 a generous PTO accrual; in addition to 12 paid holidays, and paid volunteer time.

Schedule

This position is based in our San Diego or Phoenix office. Monday-Thursday are in-office for collaboration, with the opportunity to work remotely on Friday.

Pay

The pay range for this role is $121,358 - $202,265 - $242,808. Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case.

Company Information

Realty Income is a global leader in the S&P 100, committed to creating long-term value for all stakeholders. The company's purpose is to build enduring relationships and brighter financial futures, and this starts with you!

Contact Information

If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact talent@realtyincome.com, or call 800-375-6700. An employee will respond to your message to begin the interactive process.