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.
Realty Income’s 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.
Realty Income is 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.
Position Summary
The Commercial Development Project Coordinator will be an integral part of managing and tracking development projects from conception to close-out. This position requires someone who thrives in collaborating on multiple projects with the tenacity to follow through on long-term tasks and goals.
Responsibilities
- Review general contractor/consultant contracts, invoices and pay applications. Reconcile actual costs and timing to development budgets.
- Monitor various account balances and communicate adjustments internally and externally.
- Follow up with tenants, developers, general contractors, and other third parties on progress of development projects.
- Track and document critical tasks and dates, project status and progress, contacts, correspondence, and project details.
- Review and submit draw requests, communicate status and updates to all related parties.
- Coordinate construction site monitoring and any other necessary due diligence efforts, maintaining and delivering all appropriate documentation.
- Extract and track lease requirements and development agreement terms for critical dates and terms related to development projects.
- Manage close-out of development files, including final documents needed to complete final funding and meet retention requirements.
- Communicate with tenants, developers, general contractors, brokers, and other third parties, as appropriate, to ensure development lease provisions are strictly adhered to and fully implemented.
- Resolve challenges that may come up during the development process effectively and efficiently.
- Schedule calls and provide agendas for internal and external meetings.
- Document internal processes and procedures and maintain development files.
- Manage Certificates of Insurance (COIs) from developers, general contractors.
- Assist in acquiring all contractual documentation.
- Special projects and other duties as assigned.
What We Need From You
- Approximately 2 or more years in construction or real estate development plus a bachelor’s degree or equivalent knowledge or experience.
- Solid grasp of quantitative data.
- Excellent PC skills including Outlook, Word, Excel, PowerPoint, and Adobe.
- Existing knowledge of, or aptitude to learn, Yardi and Smartsheet software.
- Self-motivated with the ability to execute in ambiguous situations, take initiative without explicit instructions, and use resources effectively.
- Highly organized, strong analytical skills, and ability to multi-task in a high-paced environment. Demonstrate ability to prioritize multiple projects and tasks.
- Demonstrate utmost attention to detail.
- Excellent communication skills.
- Strong interpersonal skills including the ability to establish rapport with various professionals via phone and e-mail.
- Knowledge of title and legal documents including Leases, Development Agreements, Project Management Agreements, PSAs, REAs, CCRs, ALTA Land surveys, zoning.
What You’ll Get In Return
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,000 real estate properties primarily owned under long-term net lease agreements with commercial clients.
Our purpose is to build enduring relationships and brighter financial futures. Among other benefits our employees enjoy:
- Competitive Salary including potential for bonus and stock awards.
- Best-in-class Benefit Package.
- Collaborative, team-oriented environment.
- Opportunities for Continuing Professional Development.
The hourly rate for this role is in the range of ($28.99 - $45.36). 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 November 18, 2024. Should the company deem necessary, the application deadline may be extended without further notice. To apply please click the “Apply” button.
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.
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