Go Back
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 to hire an AVP or VP, Senior Bankruptcy & Litigation Counsel. In this position, you will head and oversee all tenant bankruptcy filings from inception to discharge, following federal, state, and district guidelines, noting accounts with updated information and providing legal advice to relevant decision makers throughout the Company, including upper management, executives, and Company leaders. You will also support the SVP, Asst. General Counsel on litigation matters, supervise outside counsel as needed, oversee court filings, discovery, and mediations, provide legal counsel for management of the Company’s national portfolio of properties, and assist Asset Management (“AM”) and Portfolio Management (“PM”) on a broad range of legal matters.
This is a hybrid role, with Tuesday, Wednesday and Thursdays required in-office.
What you will work on:
Primary functions
- Oversee all bankruptcy accounts/cases in accordance with bankruptcy codes and departmental guidelines; ensuring critical deadlines are met.
- Review debtor plans, proof of claim, bankruptcy plan, chapters 7 and 11 schedules, motion for relief, reaffirmations, and other pertinent motions and or objections with the bankruptcy court.
- Ensure that claims are timely filed, and appropriate actions are administered in Chapter 7 and 11 cases to ensure compliance with internal procedures, client and bankruptcy rules and regulations.
- Work with trustees, taxing authorities, debtors’, and Company’s outside counsel to respond to or coordinate responses to claim objections and ensure timely resolution on all cases.
- Review, analyze, and respond to legal pleading, motions, dockets as well as trustee and attorney correspondence.
- Collaborate with and provide expertise to AM on commercial accounts and foreclosures.
- Prepare quarterly bankruptcy reports and compile other bankruptcy statistics as required.
- Review external bankruptcy systems and electronic court documents for resolution/status of ongoing cases.
- Participate on creditors’ committees and attend court meetings when necessary to represent Company.
- Collaborate with other in-house counsel and paralegals on real estate matters that are impacted by other areas of law such as Regulatory, Bankruptcy, Litigation, etc.
- Support the SVP, Asst. General Counsel by providing direct legal assistance, and managing outside counsel who provide legal support, for our business operations including vendor and procurement, technology/IT, marketing, social media, website platforms, licensing, and other commercial areas.
- Support the SVP, Asst. General Counsel with litigation matters; supervising outside counsel as needed to protect corporate, real estate assets, and provide legal counsel for management of the Company’s national portfolio of properties, including assistance to Asset Management (“AM”) and Portfolio Management (“PM”) on a broad range of legal matters.
- Advise AM and PM teams regarding risk assessment, exposure, and strategy relating to complex transactions and/or high-stakes disputes.
- Advise AM and PM regarding lease compliance, interpretation of lease terms, bankruptcy strategy, resolution and work-outs, and the resolution of disputes with tenants, neighboring property owners, or third parties.
- Work with General Counsel and executives within the Legal Department as applicable, in the creation and revision of corporate policies and procedures and assist as necessary in the implementation of same.
- Offer creative solutions to AM and PM when encountering defaults and/or disputes.
- Negotiate and draft settlement and lease termination agreements related to tenant defaults. Retain and supervise outside counsel for eviction proceedings and/or breach of lease lawsuits when necessary.
- Assist executives within the Legal Department in the development and enhancement of form documents for use by the Legal Department, AM, and PM groups, as applicable.
- Develop strategies for increasing value and reducing outside legal spend while maintaining excellent legal representation and optimizing engagement practices with the Company’s outside law firms.
- Provide legal advice and lead cross-functional efforts to support business operations on a variety of contract, commercial, intellectual property, corporate, and privacy issues including drafting and negotiating a variety of agreements (e.g., NDAs).
- Ensure compliance with Company policies and procedures.
Secondary functions
- General document review and drafting (e.g., letters of intent).
- Routine advice/counsel to all departments on legal matters.
- Manage miscellaneous and various corporate legal matters, as necessary.
- Tenant Defaults and Workouts.
What we need from you:
- Juris Doctorate degree from an accredited law school.
- AVP: We expect 7+ years of relevant or on-point legal experience, either in-house or with a law firm.
- VP: We expect 10+ years of relevant or on-point legal experience, either in-house or with a law firm.
- Significant experience in bankruptcy law, with a strong focus on representing landlords in complex Chapter 11 proceedings, lease negotiations, and restructuring matters is preferred. Expertise in protecting landlords' rights in bankruptcy cases, including lease assumption/rejection disputes, claims litigation, and post-petition rent recovery, is highly desirable.
- Membership in the State Bar of California or Arizona. [Note: Non-California or Arizona attorneys who otherwise meet the requisite qualifications are not necessarily ineligible to perform legal work for the Company, but, if employed in such a capacity, would be required to register with the State Bar of California or Arizona and hold the title of “Registered In-House Counsel” (versus Legal Counsel).]
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.
AVP: The base salary for this role is in the range of $141,106 - $245,332.
VP: The base salary for this role is in the range of $190,269 - $315,039.
You may be eligible for an annual discretionary bonus and an annual discretionary stock award, (dependent on date of hire) to be discussed during the initial phone interview. Base salary and total compensation package determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data. Realty Income will be accepting applications for this role until April 4, 2025. Should the company deem necessary, the application deadline may be extended without further notice. To apply please click the “Apply” button.
This is a hybrid role, with Tuesday, Wednesday, and Thursday required in-office. 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 12 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.
- $190,269 - $315,039
