Senior Lease Analyst

Realty Income Corporation; United States; Hybrid; USD 44,000 - 62,000; Full time

Benefits offered by this job

Healthcare

Dental & Vision Insurance

401(k) with company match

Paid holidays & PTO

Job summary

Realty Income is seeking a Senior Lease Analyst to join our in-house team. You will abstract, interpret, and communicate complex commercial lease language from standard and non-standard leases for properties across the United States, and enter the data into our Salesforce-based system for import into Yardi.

Based in San Diego (Del Mar Heights) headquarters, the role offers in-office Monday to Thursday with remote Fridays; remote candidates outside San Diego may work remotely.

Qualifications

• Bachelor’s degree or four years of related experience preferred.
• At least three years of commercial lease abstraction/analysis experience, or five years in CRE administration or paralegal field.
• Paralegal certificate a plus.

Responsibilities

• Abstract leases and extract critical dates, rent, CAM, and landlord/tenant obligations.
• Input data into a Salesforce-based system for import into Yardi and QA.
• Coordinate with U.S. Legal Acquisitions to meet closing deadlines.
• Guide other teams with abstracted information as needed.

Skills

Lease abstraction

Data entry

Quality assurance

Education

Bachelor's degree or equivalent

Tools

Salesforce

Yardi

Microsoft Excel

Job description

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.

Our 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.

We are 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.

Realty Income is looking for a Senior Lease Analyst to join our in-house team. In this role, the Senior Lease Analyst will be responsible for abstracting, interpreting, and communicating complex commercial lease language from both standard and non-standard lease agreements for commercial real estate properties under acquisition consideration throughout the United States. The Senior Lease Analyst will be responsible for entering the abstracted lease data into a proprietary custom Salesforce application for import into Yardi and assisting the Associate Director, Lease Analysis, with quality control and approval of lease abstractions.

What you will be working on:

Lease Abstraction

• Abstract accurate information from complex leases and related legal documents. Data will include:
  • Critical dates (rent commencement, expiration, option periods, notice dates, etc.);
  • Revenue information (rental, taxes, insurance, common area maintenance, management, administrative fees, etc.);
  • Lease parties (landlord, tenant, guarantor, ground lessor, pilot lessor, etc.);
  • Landlord obligations (maintenance, capital expenditures, tenant improvements, etc.), and
  • Risk related non-financial clauses (assignment/sublease, ROFO, environmental, etc.).
• Accurately input determinations into a customized database for import into Yardi for audit approval and ultimate consumption by other departments.
• Coordinate and communicate critical information with the U.S. Legal Acquisitions department to ensure timely completion of abstraction to meet closing deadlines.
• Work with various departments to ensure relevant data is available for reporting and action upon transaction close.
• Provide guidance to other department team members regarding abstracted information, as necessary.

Backup Support to Associate Director, Lease Analysis

• Assist the Associate Director, Lease Analysis with ensuring data integrity and accuracy of Lease Abstracts through detailed quality assurance reviews completed by team members s) and third-party lease abstraction vendor;
• Support the development, testing, validation, and implementation of Lease Analysis forms and enhancements in the Salesforce database.
• Provide review, guidance, and approval of Post-ETL/Lease Analysis updates to ensure data accuracy, process compliance and system integrity.

What you need to be successful:

• A Bachelor’s Degree or equivalent from a four-year college or university is preferred, or at least four years equivalent related experience.
• We expect at least three years of commercial lease abstraction/analysis experience OR at least five years of related experience in commercial real estate administration or paralegal field; having worked in either the Landlord or Tenant sector is a plus.
• Paralegal certificate a plus.

For candidates in San Diego, this position is based in our San Diego (Del Mar Heights) headquarters. Monday through Thursday are in-office for collaboration, with the opportunity to work remotely on Friday. For candidates outside of San Diego this will be a remote position.

The hourly pay range for this role is $32.11 - $37.49 - $45.22.

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. Realty Income’s purpose is to build enduring relationships and brighter financial futures, and this starts with you!

This role is subject to enhanced compliance and disclosure requirements comparable with those of a regulated financial services organization, including conflict of interest disclosures and personal trading policies.

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 [e-mail], 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.