Realty Income, The Monthly Dividend Company®, one of four San Diego based S&P 500 companies dedicated to providing shareholders with dependable monthly income. Our company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, our company has declared over 600 consecutive common stock monthly dividends throughout its 50-year operating history and has continually increased the dividend since Realty Income's public listing in 1994 (NYSE: O). Our company attracts individuals who value integrity, perseverance, and teamwork. If you appreciate working in a professional environment that rewards employees based on merit and values a work-life balance, make sure to apply today!
As Realty Income’s Valuation Manager, you will be responsible for supporting the preparation of valuations for the Accounting Department in accordance with ASC 805. A past experience in people leadership, as well as expertise in preparing and reviewing real estate valuation models will be chief to your success. If you bring five to seven years of experience, and eager to take on a new role in our growing organization, apply today!
Your Contribution to the Team Includes
Perform and Review Real Estate Valuations for Accounting
Effectively utilize the Marshall Valuation Services cost guide to determine replacement costs of building and site improvements
Use CoStar/Loopnet/other sources or contact brokers to find comparable rent and land information for property transactions on a daily basis
Manage a detailed schedule/tracker/status for production of valuations, so that valuations are prepared and reviewed on a monthly basis
Review internal valuations prepared by the Valuations Analyst – Accounting
Communicate with internal and external auditors related to purchase price allocation processes and conclusions
Prepare and review portfolio valuations utilizing internal valuations model
As necessary, coordinate and manage relationships with third-party valuation firms for outsourcing and review of real estate valuations
Lead update of valuation policy on annual basis
Update/review updates to valuation model on annual basis
Review In Place Lease Database (centralized records for our historical valuation conclusions)
Identify opportunities and lead execution of improvements to valuation processes and policies
Assist in Industry Research as “Overflow Capacity”
As applicable and in conjunction with Research Department, gather relevant information through industry reports, trade publications, Thomson One Equity Research, etc. to assist in updating any existing industry reports.
When a new transaction is contemplated, work with other members of the Research Department on underwriting duties, including the preparation of replacement costs, market rents, dark values and other relevant data analytics.
Managing and Training for Valuations
Manage all aspects of training for staff preparing real estate valuations
Provide development and mentoring of staff advancing their career in valuations and accounting
What You’ll Need to be Successful
Undergraduate degree: B.S. or B.A. with an emphasis on real estate, finance, accounting, and/or other related field of study
5 to 7 years of work experience strongly preferred
Experience with preparing and reviewing real estate valuation models
MAI or commercial appraisal license preferred
Real Estate Valuation
Strong understanding of real estate valuation methodologies and financial reporting standards as they relate to Accounting Standard Codification ASC 805
Attention to detail while analyzing and tracking large volumes of data
Real Estate Finance Knowledge
Advanced understanding of both real estate and finance terms
Research industries and market trends
Advanced word processing
Strong spreadsheet skills
Relational databases; data entry, creating simple queries & reports
Mapping software skills (MapInfo/AnySite, Google Earth Pro, BatchGeo, Regus)
Graphic design (PowerPoint)
Excellent time management, ability to prioritize tasks from other sources, and make adjustments in a manner to complete all tasks
Self-motivated; determined to make improvements, generate ideas for streamlining department's operating procedures and/or file retention systems, implement after approval by department head
Excellent written and oral communication, including the ability to make presentations
Positive, friendly, and helpful attitude
Strong communication skills, clear, complete, and timely
Ability to establish and maintain strong working relationships with co-workers and third-party vendors
Ability to communicate effectively with internal and external auditors
Team player; willing to offer or seek help, accept, and provide constructive feedback
Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. For more information click here. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact email@example.com, 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.
To all recruitment agencies; Realty Income does not accept unsolicited agency resumes. Please do not forward resumes to our job’s alias, Realty Income employees, or any company location. Realty Income is not responsible for any fees related to unsolicited resumes.
About Realty Income
Realty Income (NYSE: O), founded in 1969, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The revenue to pay monthly dividends is generated from over 6,000 commercial properties in 49 states, Puerto Rico, and the United Kingdom that we own under long-term leases, primarily with large commercial enterprises that operate multiple locations. Our shares are traded under the ticker symbol “O” on the New York Stock Exchange.
Realty Income supports racial justice and equality for all. Respect, integrity, humility, diversity, and inclusion remain core values to us because how we act is as important as what we accomplish. We want to champion bringing meaningful progress. Uncompromising change must address and eliminate the systemic issues found in our institutions and society. We must challenge our own biases.
Corporate leadership starts with us.
Each day this journey begins with educating ourselves so that we can bring the best version of us to our colleagues and other stakeholders. We are committed to action by holding uncomfortable conversations and offering financial support to nonprofits advocating and advancing racial justice. We em...pathize with those impacted by prejudice and recognize our responsibility to support initiatives promoting a corporate culture and society that strives for equal opportunity for all. We will continue to foster inclusion within our teams and offer allyship to all who share this vision.
For more information about Realty Income please visit us at www.realtyincome.com.