Legal Counsel - Real Estate Acquisitions & Development

Realty Income Corporation • San Diego, CA

1d • Hybrid

About The Position

Realty Income is seeking a Legal Counsel for its fast-growing Acquisitions and Development legal team. This role will provide professional legal counsel, and supervise and administer all necessary legal services for newly acquired properties in assigned matters, including completed and development projects. The Legal Counsel will work in conjunction with other in-house attorneys, paralegals, outside counsel, and third-party service providers, and provide legal advice to the relevant decision-makers throughout the Company.

Requirements

• Juris Doctorate degree from an accredited law school.
• At least three years of commercial real estate acquisitions and development experience, either in house or with a law firm.
• Active bar license in good standing in the state in which you reside.

Nice To Haves

• Experience working cross-functionally in a corporate setting and using business acumen to resolve unique and complex real estate issues is preferred.

Responsibilities

• 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 of an acquisition.
• Communicate and negotiate with a variety of external parties, e.g., brokers, external counsel, third-party vendors.
• 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.
• Handle PM legal matters as assigned, e.g., draft/negotiate lease administration documents, and manage and close leasing transactions (e.g., lease agreements, lease amendments, guarantees, releases, lease assignments, consents to sublease, letter agreements, landlord lien waivers and subordinations, indemnification and access agreements, lease termination agreements, landlord estoppel certificates, tenant notices).
• Negotiate and process condemnations, easements, rights of way, rights of entry and similar agreements affecting title to properties.
• Review and interpret REA issues and other similar title encumbrances.
• Manage and monitor environmental issues.
• Review and analyze environmental reports.
• Draft/negotiate environmental license agreements.
• Consult with PM on deal structuring.
• Consult with PM on lease compliance matters and interpretation of lease terms, conditions and issues.
• Participate in workouts, including direct communications and negotiations with tenants and counsel.
• Draft and negotiate workout documents, e.g., letter agreements, lease amendments, lease terminations, etc., and manage the resulting transaction.
• Retain and oversee local counsel as and when necessary.
• Manage/oversee ongoing litigation and retain/supervise outside legal counsel.
• Manage/oversee property and liability insurance claims and related matters.

Benefits

• healthcare, dental, and vision insurance for employees and eligible dependents
• 401(k)-retirement plan with a company match of 50% up to 6% of eligible compensation
• wellness, financial, and work/lifestyle-specific benefits
• generous PTO accrual
• 12 paid holidays
• paid volunteer time
• annual discretionary bonus
• annual discretionary stock award

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree