Associate, Real Estate Valuation

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.

Summary:

Reporting to the Senior Director Real Estate Valuation the Associates main functions are to support the Strategy & Insight Departments preparation of Purchase Price Allocation valuations support the Portfolio Acquisitions department in research of weekly acquisition opportunities and to perform any of the job functions below.

Responsibilities:

Perform Real Estate Valuations for Accounting and Strategy & Insights

• Prepare Purchase Price Allocations in accordance with U.S. GAAP standard ASC 805 utilizing internal valuations model.

• Prepare real estate valuation models to assist the acquisition underwriting process and to support weekly Investment Committee meetings.

• Review Purchase Price Allocations prepared externally by third-party vendors.

• 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 acquisition opportunities.

• Communicate with internal and external auditors related to purchase price allocation conclusions.

• Maintain internal 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 Valuations Research as Overflow Capacity

• As applicable and in conjunction with Strategy & Insights Department gather relevant information through industry reports trade publications Thomson One Equity Research etc. to assist in updating any existing industry reports.

• Provide current value estimates land values and market rent analysis for existing properties in the portfolio.

• Perform highest and best use analysis for Development and other departments.

• Assist Strategy & Insights department with Salesforce property data input and research.

• Effectively support the training and development of junior team members.

Qualifications:

A qualified candidate is typically expected to have:

• Bachelors degree with an emphasis on real estate finance accounting and/or other related field of study.

• At least 3 years of work experience required.

• Experience preparing and reviewing real estate valuation models or discounted cash flows.

• Understanding of real estate valuation methodologies and financial reporting standards as they relate to Accounting Standard Codification ASC 805.

• Experience reading and analyzing site surveys property condition reports and leases.

• Attention to detail while analyzing and tracking large volumes of data.

• Strong Excel spreadsheet skills and experience with advanced formulas.

• Relational databases; data entry creating queries & reports (Excel Power BI).

• Mapping software skills (MapInfo/AnySite Google Earth Pro BatchGeo Regus).

• Excellent written and oral communication including the ability to make presentations.

The base salary range for this role is: $81068 - $99677 - $132348.

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 candidates 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 Incomes purpose is to build enduring relationships and brighter financial futures and this starts with you!

This role is subject to enhanced compliance and disclosure requirements comparable with those of a regulated financial services organization including conflict of interest disclosures and personal trading policies.

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 or call . 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.