Senior Director, Transaction Counsel

CRE Finance Council; New York (NY); On-site; USD 250,000 - 275,000; Full time

Benefits offered by this job

Medical, Dental, Vision, Disability &

Paid time off and birthday off

401(k) with 6% match

Parental Leave & fertility benefit

Sabbatical after 10 years

Job summary

Greystar is seeking an experienced Senior Director, Transaction Counsel to support its credit origination and capital markets teams in structuring, negotiating, and closing complex real estate debt transactions.

This role requires deep CRE loan documentation knowledge, 10+ years at a law firm or CRE lender, and a law degree with bar admission. You will coordinate closings, advise on risk, and mentor junior staff.

Qualifications

• 10+ years of experience at a law firm or in-house with a lender, REIT or commercial real estate 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.

Responsibilities

• Advise origination teams on transaction risk in negotiation of term sheets and loan documents.
• Manage loan closing process and coordinate closing checklist calls and document reviews.
• Support post-closing and leverage processes, including reviewing assignments and eligibility representations.
• Coordinate CLO closings and monitor compliance with credit facility requirements.
• Coordinate entity formation with investment and corporate legal teams and external counsel.

Skills

CRE loan documentation

Credit transactions

Negotiation & closing

Education

Juris Doctor (JD) from accredited law school

Job description

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

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.

JOB DESCRIPTION

Transaction Support

• 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.

Cross Functional Collaboration

• 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.

Knowledge & 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.

Core Competencies

• 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.

#LI-KD1

The salary range is $250,000 - $275,000.

Bonus typically 50 - 60% for this role.

Additional Compensation

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.

• Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.
• Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Robust Benefits Offered*:

• 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.

*Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.

Greystar is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law.

Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [e-mail].