Real Estate Paralegal

Realty Income Corporation•San Diego, CA

2d•$34 - $49•Hybrid

About The Position

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.

Requirements

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.

Responsibilities

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 Shared Drive
Review, analyze and solve property and title issues
Assist in post-close turnover of property to buyer
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
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