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 to hire a Sr. Legal Counsel to join our in-house real estate legal team. In this role, you will provide timely, high quality legal services and support for negotiated property sales, auction sales, and other disposition activities for the Company’s national portfolio of over 15,000 commercial properties. This role includes assistance to and interactions with Asset Management, Property Management, Asset Management & Real Estate Operations, and other Realty Income teams. 

Sale-related legal tasks include preparing the property for sale, obtaining diligence information, preparing and negotiating sale agreements and related documents, managing tenant contacts and lease assignments, performing sale closings and post-closing matters, and attending to a broad range of related legal matter. In addition, you will provide general real-estate related legal advice to relevant decision makers throughout the Company, including upper management and executives.  Sale types include single properties, multiple-asset portfolios and multi-tenant properties, both vacant and leased.

What you will be working on:

Disposition Related Matters:

• Draft and negotiate Purchase Agreements and Amendments, sale closing documents, buyer correspondence, contract assignments, and other documents related to the property or its disposition.
• Manage the property disposition process, including interface and correspondence with internal team members, outside counsel (if applicable), title company personnel, brokers, and buyer principals and counsel. Review, analyze and solve property and title issues; close sale; assist in post-close turnover of property to buyer if needed; and numerous peripheral activities and tasks as needed to understand the property and manage the sale and any sale issues that are present or arise.
• Assist the AM team with transaction structuring, LOI negotiations, and related pre-sale matters.
• Conduct or supervise sale closings and post-closing file compilation and review.
• Draft and negotiate lease termination agreements, property access agreements, title company forms, and myriad other documents that are ancillary to certain sale transactions.
• Provide general legal advice and guidance on a wide range of property-related issues.
• Manage the sales team’s form document folder; draft and update form documents.
• Assist with sales team reporting to company executives and personnel.
• Manage and supervise outside counsel assisting with sale matters.
• Approve post-close transaction reports.
• Supervise paralegals and staff on sale-related research, analyses, document preparation and processing, and other sale-related activities.
• Manage the identification and clearing of undesirable exceptions from title, including research of issues and outreach to title company, document counterparties and third parties.
• Manage legal aspects of the buyer relationship, and coordinate the interface of other RIC team members with buyer due diligence activities and property access.
• Structure and conduct 1031 exchanges.

• Supervise the performance of internal checks on property condition and address property condition issues impacting sale; address rent payment and property tax issues and prorations.
• Review and approve closing settlement statements.

• Supervise and mentor direct reports (if and as applicable) in order to develop skills, cultivate teamwork and advance career goals.

What you need to be successful:

Education and Experience:

• A Juris Doctorate degree from an accredited law school;
• We expect at least 5 years of relevant or on-point legal experience; and
• A combination of training, experience, skills, and other characteristics that would provide the requisite knowledge and abilities in support of the essential job functions.
• Membership in the State Bar of a jurisdiction approved by the Company

This position is based in our San Diego or Phoenix office. Monday-Thursday are in-office for collaboration, with the opportunity to work remotely on Friday.  

The pay range for this role is: $121,358 - $202,265 - $242,808

#LI-Hybrid

#LI-AM1

Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, to be discussed during the interview process. An annual pay rate and total compensation package is generally determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data.
 
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 a generous PTO accrual; 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.