Director, UK 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.

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 has grown to investments of over $11bn

We are one of the largest Real Estate Investment Trusts in the world and as we accelerate our expansion into the UK and European markets, the company is making significant investments in infrastructure and talent.

You will be joining one of the mist active UK commercial real estate acquisition team. In the last 5 years we have  become the UK market leader in retail parks, with huge plans for growth into other UK real estate asset classes. You will be part of the future strategic investment plan for Europe and team expansion. This environment offers exceptional opportunities for professional development and career advancement as the company continues to expand. 

Position Overview:

The Director, UK Investments, will be responsible for sourcing investment opportunities in the United Kingdom, as well as underwriting transactions. Additionally, this role will create and cultivate new relationships that can aid in sourcing investment potential. Reporting to the SVP, Head of Asset Management & Value-Add Investments, UK, the Director’s 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 UK 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.
• Lead negotiations of deal terms and communication with counterparties.
• Coordinate and manage deals through the transaction life cycle.
• Present proposed transactions to Investment Committee.
• Maintain relevant market knowledge and contacts in order to support the identification and analysis of investment opportunities
• If required, manage 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.
• Work with the Acquisitions Team to generate, maintain, and furnish periodic reports/industry tracking pieces reviewed by the senior executives
• 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.
• Travel up to 15% of the time with overnight stays
• Drive during travel to tenant sites

Organisational Relationships:

• 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.
• Utilize internal and external contacts to gather market information and data that may be helpful to the team’s objectives.

Candidate Requirements

Knowledge, Skills, and Abilities

Must have for the role:

• Extensive real estate acquisitions experience gained  in a leading institution (Private Equity / Investment Banking / Real Estate Investment Fund) with an impressive deal sheet.
• Experience of leading the origination, underwriting and execution of UK real estate transactions including corporate/entity-level deals, portfolios, and asset-level deals (extensive transactional history of at least one or more of either logistics, industrial  or offices asset classes).
• Experience originating UK Real Estate transactions that generate above average returns.

• Strategic mindset
• Strong public speaking skills and sharp attention to detail
• Commercial awareness and analytical skills
• Excellent communication skills, combined with tenacity and a desire to succeed.
• A team player who feels energised when working with others to achieve a common goal.
• Fluency in English is essential.
• Proficiency with Microsoft Excel, Word, and PowerPoint.

Desirable but not essential:

• Developmental experience.
• Undergraduate degree (or equivalent work experience) with a preferred focus on Real Estate, Business, Commerce or Finance.

#LI-HL1

#LI-Hybrid

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.