Real Estate Asset Manager

About Realty Income Realty Income (NYSE: O) is an S&P 500 real estate investment trust that partners with leading companies worldwide. Founded in 1969, the company invests in diversified commercial real estate and manages a portfolio of 15,600 properties across the United States, the United Kingdom, and six other European countries. With a gross book value of $58 bn, Realty Income delivers dependable monthly dividends and has declared 656 consecutive monthly dividends. It is a member of the S&P 500 Dividend Aristocrats index and has increased its dividend for the last 30 consecutive years.

Position Overview Reporting to a Senior Asset Manager, the Asset Manager will drive income and maximize portfolio occupancy and rent recapture performance while achieving the best economic outcome for the company. The role will predominantly assess, review, analyze, present, negotiate, and transact lease renewals, rent reviews, re-gears, and new lettings in accordance with portfolio goals and objectives. The Asset Manager must be highly collaborative and versatile, with a strong can-do attitude, as the early growth stage of the UK platform requires agility and willingness to carry out duties beyond the listed responsibilities.

Key Responsibilities

• Compile annual business plans for multi-let assets.
• Execute lease renewals, rent reviews, lease re-gears, and new lettings, including internal analysis and presentations, negotiating with clients, and working with Legal to transact deals.
• Manage monthly leasing meetings with leasing agents, planners, project managers, and property managers.
• Identify additional opportunities to drive income at sites.
• Oversee developments at existing sites, such as amalgamation works, existing tenant upsize & downsize projects, extensions, new units, and drive-thru units.
• Meet regularly with local stakeholders of assets and foster strong relationships.
• 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.
• Visit and meet retail clients to develop and enhance relationships.
• Validate and reconcile metrics for quarterly reporting requirements.
• Delegate tasks to analysts relating to research, review, analysis, evaluation, and preparation for negotiations and presentations.
• Review analysts’ work product and prepared materials (research, analysis, maps packages, transaction memos, client information, etc.).
• Manage analysts and provide clear direction.
• Identify adjacent ownership that can be acquired to enhance returns of existing assets and liaise with the Investment Team.

Candidate Requirements

• Experience managing retail commercial lease assets or managing retail commercial leases, including renewals, etc.
• Thorough knowledge of commercial real estate principles and intermediate to advanced Excel skills.
• Strong negotiating skills with the 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 to senior management.
• Ability to multi-task in a fast-paced business environment and prioritize competing job demands.
• Capability to manage people and resources effectively and manage disagreements and point-of-view differences with clients, advisors, buyers, and other third-party requestors.
• Strong critical-thinking abilities and an innovative approach to the role.
• Approach and ability to make effective decisions and present recommendations.
• Establish, maintain, and grow cooperative working relationships both internally and externally.
• Occasional business travel required.

Desirable but Not Essential

• MRICS qualified.
• Proficiency in Microsoft Outlook, Power BI, Word, and Salesforce.
• Undergraduate degree in a related field (or equivalent work experience).

Our Mission & Values For more than 50 years, Realty Income has been guided by a mission to invest in people and places to deliver dependable monthly dividends that increase over time. The company nurtures long-term relationships that enable people to achieve a better financial outlook and create a lasting positive impact on communities. Realty Income is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender, race, religion, or educational background.

Seniority level Entry level Employment type Full-time Job function Finance and Sales Industries Investment Banking