Associate / Senior Associate, International Real Estate Investments

About Realty Income
Realty Income (NYSE: O), an S&P 500 company, is a real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of 15,600 properties in all 50 U.S. states, the UK and six other countries in Europe, with a gross book value $58bn. We are known as "The Monthly Dividend Company" and have a mission to deliver stockholders dependable monthly dividends that grow over time. Since our founding, we have declared 656 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats index, having increased our dividend for the last 30 consecutive years.

You will be joining one of the largest Real Estate Investment Trusts in the world as we rapidly expand into the UK and European markets, including moving into new offices at 3 St. James's Square.

The European portfolio, including the UK, has experienced consistent growth quarter-on-quarter since our first international acquisition, a £429m 12-property portfolio from Sainsbury's in 2019. In just five years the portfolio now includes investments of over $11bn, and 483 distinct properties.

Now is an exciting time to join our expanding Investment Team where you will be executing multiple European transactions, giving you exposure to a variety of investment structures (inc. JV's, Credit & Equity investments) and asset classes (inc. offices, industrial, infrastructure, retail etc..). Working within a lean team with direct exposure to members of the Investment Committee will lead to opportunities for you to take on greater responsibilities and enhance your transaction and negotiation capabilities across a diverse EU portfolio; with dynamic opportunities for career growth as the company expands.

Position Overview
You will be responsible for sourcing acquisitions for investment opportunities in the United Kingdom and Continental Europe and underwriting transactions. Additionally, this role will create and cultivate new relationships that can aid in sourcing investment potential. Reporting to the Senior Director, International Investments, the duties will include acquisitions underwriting, opportunity sourcing, transaction management, and investment research for potential transactions. This position will partner with various internal teams to analyse the overall real estate market, communicate acquisition pipeline targets and negotiate terms that are in-line with the company's acquisitions objectives, therefore playing an important role in shaping and growing Realty Income's UK/European platform.

Key Responsibilities

• Identify, analyse, and pursue real estate investment opportunities in the UK and Europe.
• Participate alongside the Managing Director and Senior Director in the negotiation of deal terms and communication with counterparties.
• Coordinate and manage deals through the transaction life cycle.
• Work alongside the Analyst team to model potential returns for prospective investments.
• Oversee the creation of investment memorandums for presentation to the Investment Committee and/or the Board of Directors.
• Manage the investment pipeline, contact database, and other key tools utilised by the team.
• Lead the group's regular reporting efforts by working with both the US and London teams.
• Help the team and the Investment Committee stay apprised and competitive by tracking competitor performance and market activity.
• Approach the role with a positive attitude, a diligent work ethic, and a sense of ownership.
• Consistently operate as a team player, encouraging, empowering, and assisting other team members with the team's success as the primary focus.
• Performs other duties as assigned.
• Work with internal team members and external advisors to build investment cases for opportunities to be considered by the Investment Committee.
• Collaborate with the Research team to identify new occupiers, business sectors, property types, and geographies for investment consideration.
• Utilise internal and external contacts to gather market information and data that may be helpful to the team's objectives.
• Travel up to 15% of the time with overnight stays
• Drive during travel to tenant sites

Candidate Requirements
Knowledge, Skills, and Abilities
Must Have For The Role

• Suitable European Real Estate acquisitions experience gained in either a Private Equity Fund or an Investment Bank (or similar).
• Experience underwriting real estate transactions including corporate/entity-level deals, portfolios, and asset-level deals (familiarity with office, industrial, infrastructure, retail, logistics, and/or manufacturing assets)
• Fluency in English is essential.
• Combination of business acumen and strong analytical and financial modelling skills (including DCF).
• Strong public speaking skills and sharp attention to detail, combined with tenacity, drive and a desire to succeed.
• Given the start-up nature of the UK office, a high degree of entrepreneurial initiative is required with a strong sense of autonomy and accountability.
• A team player mentality that is focused on working with others to achieve a common goal.
• Proficiency with Microsoft Excel, Word, and PowerPoint.
• A strong academic track record, ideally a first class undergraduate degree preferred focus on Real Estate, Business, Commerce or Finance.

Desirable But Not Essential

• Fluency in a European language either French, Italian or Spanish.

Our Mission & Values
For more than 50 years, Realty Income has been guided by our mission to invest in people and places to deliver dependable monthly dividends that increase over time. We do this by nurturing long-term, meaningful relationships that enable people to achieve a better financial outlook. We understand that when individuals succeed financially, they are able to provide for their families, support local businesses and pursue their greatest ambitions, creating a lasting positive impact on communities.

Realty Income is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.