Asset Manager OR Senior Asset Manager (Real Estate) in City of London

Realty Income (NYSE: O), an S&P 500 company, is a real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of 15,600 properties in all 50 U.S. states, the UK and six other countries in Europe, with a gross book value of $58bn. We are known as "The Monthly Dividend Company” and have a mission to deliver stockholders dependable monthly dividends that grow over time.

You will be joining one of the largest Real Estate Investment Trusts in the world as we rapidly expand into the UK and European markets. The European portfolio, including the UK, has experienced consistent growth quarter-on-quarter since our first international acquisition, a £429m 12-property portfolio from Sainsbury’s in 2019. In just five years the portfolio now includes investments of over $11bn, and 483 distinct properties.

This exciting opportunity will lead to professional development, with the ability to learn from a market leading Asset Management team. You will be given the autonomy and opportunities to take on greater responsibilities and build enhanced client relationships and negotiation capabilities across a diverse UK and potential EU portfolio.

Position Overview:

Reporting to a Senior Asset Manager, the Asset Manager’s role will be to drive income and maximise portfolio occupancy and rent recapture performance while achieving the best economic outcome for the company. This position will predominantly assess, review, analyse, 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 touch-points 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).
• Manage monthly leasing meetings with leasing agents, planners, project managers, and property managers.
• Identify additional opportunities to drive income at our sites.
• Oversee 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.
• 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.
• Visits and meetings with 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.
• Manage analysts and provide clear direction.
• Identify adjacent ownerships that can be acquired that will enhance the returns of our existing assets and liaise with the Investment Team.

Candidate Requirements

Knowledge, Skills, and Abilities

Must have for the role:

• Suitable commercial real estate asset management experience (ideally managing retail assets) OR experience managing retail commercial leases.
• Thorough knowledge of commercial real estate principles; coupled with strong technical analysis and IT skill sets including intermediate to advanced excel.
• 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, concepts, and recommendations to senior management.
• Ability to multi-task in a fast-paced business environment and prioritise competing job demands.
• Ability to manage disagreements and point-of-view differences with Clients, Client-hired lease advisors, Buyers, and other third-party requestors.
• Capability to manage people and resources effectively.
• Strong critical-thinking abilities and innovative approach to the role.
• Aptitude and ability to make effective decisions and present recommendations.
• Establish, maintain and grow cooperative working relationships both internally and externally.
• Ability for occasional business travel required.

Desirable but not essential:

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

Realty Income is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.