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
Reporting to the Head of Asset Management and Value Add Investment, the Asset Manager’s role will be to drive income and maximize portfolio occupancy and rent recapture performance while achieving the best economic outcome for the company. This position will predominantly assess, review, analyze, present, negotiate and transact lease renewals, rent reviews, regears, and new lettings in accordance with portfolio goals and objectives. The Asset Manager will have to be highly collaborative as their role will have multiple touchpoints daily, with departments across Realty Income and with many external clients, advisors, and stakeholders.
Key Responsibilities
- Compile Annual Business Plans for our multi-let assets
- Carry out lease renewals, rent reviews, lease regears, and new lettings (including internal analysis and presentations, negotiating with clients, and working with Legal to transact deals) and keep the Head of Asset Management UK apprised of such activities
- Manage monthly leasing meetings with leasing agents, planners, project managers, and property managers
- Identify additional opportunities to drive income at our sites such as drive-thru developments and commercialization opportunities
- Oversee (inc. managing planners, development/project managers, highways consultants, etc.) developments at our existing sites such as amalgamation works, existing tenant upsize & downsize projects, extensions, new units, Drive-thru units
- Meet regularly with local stakeholders of our assets and foster strong relationships (council representatives, adjacent owners, etc.)
- Provide support to Value-Add Investment transactions (for new purchases) where detailed business plans are required
- Assist the Head of Asset Management UK with major portfolio discussions/deals – including analysis and presentations
- Assist the Head of Asset Management UK with ESG Initiatives across the portfolio – including EV car charging, solar projects, SMART initiatives, and local community initiatives
- Assist Head of Asset Management UK with the creation of Retailer Client Relationship Management program (including migration to Salesforce)
- Visits and meetings with retail clients to develop and enhance relationships, obtain company and real estate information concerning Clients’ future plans and needs
Qualifications
- B.S. or B.A. in a related field
- Minimum 5 years’ commercial real estate-related experience
- Thorough knowledge of commercial real estate principles.
- Strong negotiating skills.
- Ability to impart salesmanship, be persuasive, and overcome objections.
- Excellent verbal and written communication skills; including the ability to present proposals, negotiate transactions and convey complex ideas, concepts, and recommendations to senior management.
- Ability to multi-task in a fast-paced business environment and prioritize competing job demands.
- Ability to manage disagreements and point-of-view differences with Clients, Client-hired lease negotiators, Buyers, and other third-party requestors.
- Capability to manage people and resources effectively.
- Strong critical-thinking abilities and innovative approach to the role.
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.
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 12 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!
Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact
[email protected], or call 800-375-6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.
