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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 attorneys in providing timely and quality legal support for negotiated property sales, auction sales, and other disposition activities for the national portfolio of properties, including assistance to and interactions with Asset Management, Property Management, Asset Management & Real Estate Operations, and other teams on matters relating to preparing the property for sale, obtaining diligence information, preparing and negotiating sale agreements and related documents, managing tenant contacts, closing and post-closing matters, and a broad range of related legal matters, under supervision of the attorneys.
What you will be working on:
Disposition Related Matters:
- Manage and coordinate property dispositions, including interface and correspondence with RIC team members, outside counsel, title company personnel, broker, and buyer principals and counsel; prepare transaction and closing documents and related agreements; manage transaction calendaring and internal database tracking and management in Disposition Central; document filing and retention in SharePoint and R Drive; review, analyze and solve property and title issues; assist in post-close turnover of property to buyer; and numerous peripheral activities and tasks as may be needed to understand the property and manage sale issues that are present or arise.
- First drafts of Purchase Agreements and Amendments, sale closing documents, tenant correspondence, contract assignments, and myriad other documents related to the property or its disposition.
- Prepare transaction reports and other interdepartmental communications.
- Various research, analyses, and document preparation and processing (e.g., tax parcel questions, REA’s, title documents, leases or prior leases, easements, restrictions and covenants) as applicable to property dispositions.
- Manage identifying and clearing undesirable exceptions from title, including research of issues and outreach to title company, document counterparties and third parties.
- Assist with buyer due diligence activities and property access, including significant interface with property management teams.
- Monitor active files and follow up on matters; keep internal transactional databases up to date.
- Serve as internal liaison with outside counsel for all sale-related matters.
- Interface with supervising attorney on legal issues, document preparation, and sale closing.
- Perform and obtain numerous internal checks on property condition, sale issues, rent payment, property tax issues, and 1031 exchange issues.
- Compile information for the closing settlement statement, manage the preparation of that statement, and review and revise for closing.
- Manage sale closings and post-closing file compilation and review.
- Serve as notary public pursuant to regulations for appointment of state of residence.
Document Retention, Permanent Record Filing, and Other Department Support:
- Comply with document retention policy and procedure and conduct quality control of active files for their input into the document retention systems.
- Assist attorneys with on-going document retention.
- Assist attorneys with corporate records location and retention as needed.
- Coordinate and assist with compilation and review of files and documents as needed for internal and external auditing.
- Manage transaction information and updates in Disposition Central database.
What you need to be successful:
- We expect 2+ 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)
- Notary Public is required but may be obtained and maintained after employment.
- 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 $33.52 - $39.91 - $47.28.
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.
- $33.52 - $39.91
