Jobs and Careers

Senior Lease Analyst

San Diego, United Statesfull_timeVerifiedPosted 21 Nov 2024

💰 $92,950/yr($64,255/yr – $92,950/yr)

About the role

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 Overview:The Senior Lease Analyst will be responsible for abstracting, interpreting, and communicating complex commercial lease language from both standard and non-standard lease agreements for properties under acquisition consideration. The Senior Lease Analyst will be responsible for entering the abstracted lease data into a template for import into Yardi and assisting the Associate Director, Lease Analysis with quality control and approval of lease abstractions. Key Responsibilities:Lease Abstraction

Abstract accurate information from complex leases and related legal documents. Data will include:
critical dates (rent commencement, expiration, option periods, notice dates, etc.);
revenue information (rental, taxes, insurance, common area maintenance, management, administrative fees, etc.);
lease parties (landlord, tenant, guarantor, ground lessor, pilot lessor, etc.);
landlord obligations (maintenance, capital expenditures, tenant improvements, etc.), and
risk related non-financial clauses (assignment/sublease, ROFO, environmental, etc.).
Accurately input determinations into a template for import into Yardi for audit approval and ultimate consumption by other departments.
Coordinate and communicate critical information with the Legal Acquisitions department to ensure timely completion of abstraction to meet closing deadlines.
Work with various other departments to ensure relevant data is available for reporting and action upon transaction close.
Manage all changes to the abstraction template used for data transfer into Yardi.
Provide guidance to other department personnel regarding abstracted information, as necessary.

Electronic Transfer Load (ETL) Trainer

Coordinate ETL Master Template updates;
Provide training and technical guidance on ETL Template to peers, paralegals, and vendors;

Backup Support to Associate Director, Lease Analysis

Assist the Associate Director, Lease Analysis with ensuring final data integrity and accuracy of ETL/Lease Abstracts by performing review/quality control of work completed by peer(s) and/or vendor;
Assist the Associate Director, Lease Analysis, with developing and testing Lease Analysis forms in the Salesforce database.
Performs other duties as assigned.

Qualifications:Education and Experience

Bachelor’s degree from a four-year college or university is preferred.
Minimum of 3 years of relevant experience in the commercial real estate administration industry and/or paralegal field, with exposure to lease abstraction processes.
Experience in either the landlord or tenant sector is a plus.
Familiarity with international lease abstraction processes is a plus.
Paralegal certificate is a plus.

Knowledge, Skills, and Abilities

Proficiency in lease administration software, particularly Yardi, with experience in data entry, reporting, and lease abstraction.
Familiarity with ETL (Electronic Transfer Load) processes, including template management and training.
Ability to read and interpret complex legal documents (leases, REAs, amendments) to extract and abstract critical data.
Strong organizational skills with the ability to review and ensure the accuracy of data and documentation.
Exceptional written and verbal c