Project Manager, Commercial Real Estate Development
Apply NowCompany: Realty Income Corporation
Location: San Diego, CA 92154
Description:
Description
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 Real Estate Development Project Manager will report to the Associate Director, Real Estate Development Project Management and will be responsible for managing and tracking development and redevelopment projects from acquisition/commencement through close-out. This individual will monitor project budgets, review payments, track important Lease dates and ensure developers meet performance criteria outlined in the Development Agreements. The Project Manager is the key individual responsible for all deliverables and performance of work associated with the project and ensuring all aspects are completed through and including the project closeout. In this role, the individual will communicate important project details to various internal departments. This individual will also be integral to effective communication with tenants, developers, general contractors, brokers, and other third parties related to the project.
Key Responsibilities:
General
Development
Administrative
Qualifications:
What you will get in return:
The base salary for this role is in the range of $79,600 - $140,767. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, (dependent on date of hire) to be discussed during the initial phone interview. Base salary and total compensation package determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data.
Most US based full-time and part-time roles come with flexible schedules. We offer a best-in-class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle-specific benefits, along with 12 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income's purpose is to build enduring relationships and brighter financial futures, and this starts with you!
Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact [email protected], or call 800-375-6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.
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 Real Estate Development Project Manager will report to the Associate Director, Real Estate Development Project Management and will be responsible for managing and tracking development and redevelopment projects from acquisition/commencement through close-out. This individual will monitor project budgets, review payments, track important Lease dates and ensure developers meet performance criteria outlined in the Development Agreements. The Project Manager is the key individual responsible for all deliverables and performance of work associated with the project and ensuring all aspects are completed through and including the project closeout. In this role, the individual will communicate important project details to various internal departments. This individual will also be integral to effective communication with tenants, developers, general contractors, brokers, and other third parties related to the project.
Key Responsibilities:
General
- Oversee a portfolio of 20 to 40 projects ensuring adherence to critical dates within development agreements, leases, property management agreements, permitting and construction timelines.
- Manage project team's workflow from lease execution to project closeout, including impact/changes to budget.
- Follow up with tenants, developers, general contractors, and other third parties to provide regular updates on project progress.
- Collaborate effectively across internal departments to ensure a coordinated effort in project execution.
Development
- Track and document critical tasks and dates, project status and progress, contacts, correspondence, and project details for each project/tenant
- Provide upper management updates on the status of all development projects.
- Review disbursement requests in conjunction with contract document requirements for all development projects. Communicate status and updates to all related parties.
- Oversee the approval and tracking of development expenses and project budgets, to include financial reporting and forecasting activities.
- Gather construction accruals quarterly and submit them to Development Accounting.
- Coordinate construction site monitoring and any other necessary due diligence efforts, maintaining and delivering all appropriate documentation.
- Extract lease requirements and development agreements for critical dates related to development projects. Track critical dates and alert appropriate parties
- Ensure construction work to ensure compliance with contract expectations. Manage close-out of development files, including gathering all final documents needed to complete final funding.
- 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.
- Primary focus on the tactical execution of project portfolio, following established processes and guidelines.
Administrative
- Manage the development pipeline to track all activity and property status.
- Submit requests for and track data points collected from various departments, including accounting accruals, property management, legal & lease administration.
- Schedule and provide agendas for internal and external meetings.
- Ensure all required compliance and closeout documentation is received and uploaded to SharePoint.
- Handle miscellaneous requests for assistance and support.
Qualifications:
- A qualified candidate is typically expected to have 5+ years of experience in project management, with a strong preference in construction management and/or owner side of real estate development. However, those with varying experience levels will be considered.
- Knowledge of title and legal documents including Leases, Development Agreements, Project Management Agreements, ALTA Land surveys, and construction documents
- Ability to prioritize tasks, manage time effectively and meet deadlines
- Takes initiative to identify and address project needs with the ability to execute in ambiguous situations, take the lead without explicit instructions, use resources effectively
- Demonstrates a detail-oriented and highly organized approach to ensure project accuracy and quality
- Strong analytical and problem-solving skills to address project challenges
- Ability to adapt to changes in project requirement environments
- Strong verbal and written communication skills to interact with stakeholders, team members and clients
- Strong interpersonal skills to build relationships and establish rapport with diverse teams
- Excellent computer skills including Microsoft Office, Excel, and project management software
- Existing knowledge of, or aptitude to learn, Yardi, Salesforce, Smartsheet
- Bachelor's degree.
What you will get in return:
The base salary for this role is in the range of $79,600 - $140,767. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, (dependent on date of hire) to be discussed during the initial phone interview. Base salary and total compensation package determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data.
Most US based full-time and part-time roles come with flexible schedules. We offer a best-in-class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle-specific benefits, along with 12 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income's purpose is to build enduring relationships and brighter financial futures, and this starts with you!
Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact [email protected], or call 800-375-6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.