Legal Counsel - Real Estate Acquisitions

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 Legal Counsel to join our fast-growing acquisitions legal team. In this role, you will review and draft Non-Disclosure Agreements and manage confidentiality considerations in the acquisition process; acquire new properties (vacant, improved and under-development) for the Company; provide professional legal counsel to, and supervise and administer all necessary legal services in assigned matters, in conjunction with other in-house attorneys and paralegals or outside counsel and third party service providers as required; and provide legal advice to the relevant decision makers throughout the Company.

What You Will Be Working On:

Pre-Transactional Matters:

• Work with acquisition team to promptly review and revise Non-Disclosure Agreements (NDAs) for new transactions and partnerships.
• Monitor and track all NDAs on behalf of the Company to assurance compliance with terms.
• Assist acquisition team with Letters of Intent and Term Sheets for unique transactions.
• Serve as single point of contact for all confidentiality considerations related to acquisitions and new joint ventures.

Portfolio Acquisition Matters:

• Coordinate, analyze, manage, negotiate, document and close a wide range of multifaceted real estate acquisition and development transactions.
• Review, draft, negotiate and approve documents relating to the acquisition of real estate, e.g., confidentiality agreements, letters of intent, correspondence, purchase agreements, escrow instructions, lease agreements, lease or other document abstracts, amendments, assignments, estoppels, development agreements, title objection letters, deeds, closing documents, business entity documents, transaction summaries, etc.
• Review, evaluate and approve information and reports received in connection with the acquisition of real estate, e.g., title commitments and exception documents, plats, site plans, plans and specifications, surveys, environmental reports, engineering reports, construction monitoring reports, etc.
• Analyze entitlement status and zoning issues.
• Review existing loan documents and negotiate lender consent documents in connection with the assumption of in-place loans encumbering real estate.
• Supervise paralegals and legal assistants in coordinating escrow closings and post-closing matters.
• Apply risk management techniques, assess potential exposure, and offer proactive advice and solutions on possible legal issues arising in the course an acquisition.
• Communicate and negotiate with a variety of external parties, e.g., brokers, external counsel, third -party vendors.

General:

• Second-level review of attorney and paralegal work, as needed.
• General legal research and investigation.
• Routine advice/counsel to all departments on legal matters.
• General legal document review, drafting and negotiating.
• Special projects and duties as assigned.

What You Need To Be Successful:

• Juris Doctorate degree from an accredited law school; admission to at least one U.S. state bar.

• We expect 3+ years of relevant or on-point legal experience in commercial real estate acquisitions.

This position is based in our San Diego (Del Mar area) headquarters. Monday through Thursday is in-office for collaboration, with the opportunity to work remotely on Friday. For candidates outside San Diego and surrounding counties remote working options may be available.

The base pay range for this role is $120,968 - $175,490 - $226,411.

#LI-Hybrid

#LI-AM1

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!

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 talent@realtyincome.com, 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.