Real Estate Senior Manager

Verizon • Basking Ridge, NJ

7d • $98,500 - $188,000 • Hybrid

About The Position

The Senior Manager of Real Estate Transactions negotiates complex real estate transactions, manages internal and outsourced transaction teams, and ensures optimal outcomes and financial objectives. The role partners with strategic planning, legal, operations, finance, and other stakeholders to complete projects. It also gathers prospective transactions and reports findings to senior leadership. Transaction values range from $1 million to $100 million.

The position has end-to-end responsibility for transactions involving wireless network locations, serving as the point of contact for third parties and coordinating handoffs to appropriate disciplines within GRE. It prepares financial analyses, secures senior management approval, conducts national market studies, manages service providers, and contributes to legal matters, departmental budgeting, and broker selection.

This is a hybrid role with a defined work location, including work from home and at least three office days per week, as set by the manager. The scheduled workweek is 40 hours. Travel of up to 25% is required. The annual salary range is $98,500 to $188,000, depending on location, skills, and experience; the position is incentive-based with potential to earn more.

Requirements

• Bachelor’s degree or four or more years of work experience.
• Six or more years of relevant experience.
• Willingness to travel up to 25% of the time.
• Valid driver's license.

Nice To Haves

• Advanced degree in real estate or MBA.
• Experience managing a team.
• Experience with commercial real estate leasing and sale fundamentals, law, financials, terms, and processes.
• Ability to work with corporate disciplines such as Tax, Legal, Risk Management, Environmental Manager, Security, Lease Administration, Treasury, and Accounts Payable.
• Strong negotiation and interpersonal skills.
• Ability to perform a detailed market search.
• Experience in real estate program management and knowledge of wireless real estate.
• Computer skills, including familiarity with financial modeling and project management systems.
• Ability to interface with senior leadership, building occupants, landlords, buyers, and other contacts in daily project management.
• Ability to assemble and lead project-specific teams.
• Strong verbal and written communication skills at all levels.
• Strong analytical and presentation skills.
• Knowledge of financial systems.
• Ability to evaluate technical drawings, surveys, property reports, market data, appraisals, and other documents.
• Understanding of property due diligence, including interpreting third-party reports, identifying legal issues, and assessing risk.

Responsibilities

• Negotiate complex real estate transactions from an owner's perspective, including sales, site requirements, subleases, purchases, renewals, dispositions, easements, and development sales.
• Identify and execute portfolio monetization opportunities, including complex separation, subdivision, and condominium sales.
• Take end-to-end responsibility for transactions and act as the point of contact for third parties, including landlords, owners, purchasers, and adjacent property owners.
• Engage and hand off work to appropriate disciplines within GRE.
• Prepare detailed financial analyses for transactions, including lease-versus-buy, investment sales, and buyout analyses.
• Ensure transaction funding and scope are correctly identified and communicated.
• Draft CAS documents to secure senior management approval.
• Conduct comprehensive national market studies identifying market trends, values, rental rates, and due diligence considerations.
• Share market metrics with leadership and recommend transaction structures.
• Manage national transaction service providers, including negotiating contracts, developing and measuring KPIs, and providing performance direction and feedback.
• Act as a key stakeholder in resolving legal matters as they arise.
• Develop departmental budgets and report quarterly variances to leadership.
• Participate in broker selection on a case-by-case basis.
• Serve as the point of contact for wireless network locations for which GRE has been asked to execute a transaction.
• Gather prospective transactions and report findings to senior leadership.
• Manage direct and outsourced teams associated with complex transactions.

Benefits

• Medical, dental, and vision insurance.
• Short- and long-term disability insurance.
• Basic and supplemental life insurance and AD&D insurance.
• Identity theft protection.
• Pet insurance.
• Group home and auto insurance.
• Matched 401(k) savings plan.
• Up to 8 company-paid holidays per year and up to 6 personal days per year.
• Paid parental leave.
• Adoption assistance.
• Tuition assistance.
• Incentives and potential premium pay, depending on the role.
• Up to 15 days of vacation per year for newly hired employees, increasing with additional service.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior