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Job Description
Description
Salary
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 Real Estate Paralegal to join their hard-working legal team. In this role, the paralegal will work with, assist, and support the real estate attorneys in all legal services related to assigned matters, coordinating efforts with other paralegals, legal assistants, outside and opposing counsel, and third-party service providers as required. You will supervise and provide guidance, instruction, direction, and leadership to other paralegals and legal assistants (as assigned), and organize and facilitate an environment wherein the best quantitative and qualitative results can be achieved by the supervised paralegals and paralegal assistants.
What You Will Be Working On:
Portfolio Acquisition Matters:
- Work with and under the supervision of the attorneys in leading and closing Acquisition and Development transactions:
- Train and supervise the paralegals and paralegal assistants (as assigned); coordinate workflow between and amongst the paralegals and paralegal assistants.
- Due Diligence and Transaction Documents:
- Organize and manage Acquisition property and diligence files.
- Coordinate engagement of third-party service providers.
- Review and prepare summaries of third-party reports (e.g., Environmental Reports, Zoning Reports, Property Condition Surveys, Geotechnical Reports, Appraisals, etc.).
- Coordinate, instruct, and review diligence items with outside law firms as needed.
- Assist with the preparation of initial document drafts:
- Purchase and lease documents.
- Other acquisition documents, including development documents.
- Document exhibits.
- Document amendments and easements, etc.
- Closing documents.
- Title and Survey:
- Order/obtain title insurance commitments.
- Coordinate review and mark-up of title commitments and proformas.
- Review comments on the title exception documents.
- Coordinate title objections and resolutions of the same with attorneys and the Title Company.
- Coordinate and negotiate endorsements.
- Coordinate survey review and corrections.
- Closing Tasks:
- Preliminarily draft and/or review closing documents, including supplemental escrow instructions, settlement statements, deeds, affidavits, etc.
- Assemble closing documents.
- Coordinate with Title Company and seller's attorney.
- Post-Closing Tasks:
- Review files and coordinate entry and approval of property-related information into Source2Book.
- Confirm all Legal Assistant post-closing tasks have been completed and help with these tasks as needed.
- Development Projects:
- Organize and manage the handoff of development files to the Project Manager for management and the drawing process.
- Coordinate the update of the project with the Project Manager on the development process and progress to update the rent accordingly.
- Assist with closing development files, coordinating with the Project Manager to confirm receipt of all final documents needed to complete final funding and revisions to SharePoint and/or Yardi.
- Audit, Document Retention, and SharePoint:
- Coordinate the pulling of files and documents as needed for auditing.
- Assist attorneys and Legal Coordinator with corporate records retention as needed.
- Assist attorneys with ongoing document retention, including uploading to SharePoint of new and ongoing matters.
- Gather appropriate information as needed for the Quarterly Audit Review.
- Serve as a notary public (pursuant to California regulations for appointments).
Portfolio Management-Related Matters:
- Work with and under the supervision of the attorneys in handling a variety of Portfolio Management matters:
- Document review, preparation of initial drafts (and re-drafts), analysis and documentation.
- Review, process, and work with Leasing and Disposition Directors, Manager of Easements and Condemnations, and/or Property Managers, tenants, and other parties on:
- Condemnations and Easements
- Rights of way, rights of entry, and similar agreements affecting title and access to properties;
- Notices received from government entities regarding zoning matters, public improvements, and similar concerns;
- Property Management contracts;
- Disposition transactions, including assisting buyers with due diligence and title, closing, and post-closing tasks;
- Tenant bankruptcies;
- Reviewing and interpreting REA issues and other similar title documents.
What You Need To Be Successful:
- We expect 6+ years of relevant and on-point legal experience.
- Undergraduate degree from an accredited U.S. university (associate or bachelor's degree or equivalent).
- A paralegal certificate from an ABA-approved school (or equivalent)
- Combination of education, training, experience, skills and other characteristics that would provide the requisite knowledge and abilities in support of the essential job functions.
What You’ll get in Return:
- Competitive Salary including potential for bonus and stock awards.
- Best-in-class Benefit Package
- Collaborative, team-oriented environment
- Opportunities for Continuing Professional Development
Additional information can be obtained from the corporate website at www.realtyincome.com.
This is a hybrid role, with Tuesday, Wednesday, and Thursdays required in-office.
The hourly pay range for this role is $42.72 - $49.19 - $59.71
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.
Most US-based full-time and part-time roles come with flexible schedules. 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 8.66 PTO hours every month; 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!
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 [email protected], 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.
- $42.72 - $49.19
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