Valuations Manager

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