Director, Real Estate Asset Management

Overview

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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 $58bn. We are known as "The Monthly Dividend Company” and have a mission to deliver stockholders dependable monthly dividends that grow over time.

Since our founding, we have declared 656 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index, having increased our dividend for the last 30 consecutive years.

The Director, Asset Management, UK (Director) partners closely with the Head of Asset Management and Value-Add Investment, UK, the broader asset management team, company leadership, and clients (i.e. tenants) to drive asset management strategies and outcomes, including enhancing tenancy, income, occupancy, and green initiatives across Realty Income’s industry-leading UK portfolio (~$10B today) that continues to grow quickly. The Director’s role is highly communicative and collaborative across multiple touchpoints daily, with departments across Realty Income and with many external clients, advisors, and vendors.

The Director drives win-win relationships with our clients, deepening and broadening existing relationships while cultivating new ones.

• Direct responsibility for delivering returns on a diverse UK portfolio
• Direct responsibility for managing client relationships, including top 10 clients
• Co-ordinate the Annual Business Planning Process for assets
• Coordinate Annual Budgeting and Forecasting
• Lead major portfolio discussions/deals – including analysis and presentations
• Drive Client Service Team across multiple clients
• Direct ESG Initiatives across the portfolio – including EV car charging, solar projects, SMART initiatives, and local community initiatives
• Carry out lease renewals, rent reviews, lease regears, new lettings (including internal analysis and presentations, negotiating with clients, and working with Legal to transact deals) and keep the Head of AM & VA apprised of such activities
• Manage monthly leasing meetings with leasing agents, planners, project managers, and property managers
• Identify additive revenue opportunities through developments and commercialisation opportunities
• Oversee developments at existing sites (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 transactions (for new purchases) where detailed business plans are required
• Visits and meetings with retail clients to develop and enhance relationships, obtain company and real estate information concerning Clients’ future plans and needs
• 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, map packages, transaction memos, Client information, etc.).
• 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

• Interfaces across the organisation and with multiple external stakeholders.
• Internal contacts:
• The Director must maintain productive relationships with numerous internal constituencies, including senior executives, Acquisitions, Asset Management, Capital Markets, Lease Administration, Portfolio Analytics, Predictive Analytics, Legal, Property Management, Research, Strategy, Development, and the Investment Committee.
• External contacts:
• The Director must maintain productive relationships with numerous external constituencies, including real estate brokers, corporate…