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Real Estate Development Project Coordinator
Realty IncomeUnited Statesfull_timeVerifiedPosted 15 Oct 2024
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. 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. The responsibilities include, but are not limited to:
- 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 developments 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.
- It is anticipated the level of experience needed to adequately perform the duties of the position is 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, use resources effectively.
- Highly organized, strong analytical skills, and ability to multi-task
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