Real Estate Development Project Coordinator

$60,299 - $94,349/Yr

Realty Income (Socimi) S.A. - San Diego, CA

Part-time,Full-time - Entry Level

San Diego, CA

Funds, Trusts, and Other Financial Vehicles

About the position

The Commercial Development Project Coordinator at Realty Income plays a crucial role in managing and tracking development projects from inception to completion. This position requires strong collaboration skills and the ability to handle multiple projects while ensuring adherence to timelines and budgets. The coordinator will work closely with various stakeholders, including contractors, tenants, and developers, to facilitate smooth project execution and resolve any challenges that arise.

Responsibilities

• Review general contractor/consultant contracts, invoices, and pay applications.
• Reconcile actual costs and timing to development budgets.
• Monitor various account balances and communicate adjustments internally and externally.
• Follow up with tenants, developers, general contractors, and other third parties on progress of development projects.
• Track and document critical tasks and dates, project status and progress, contacts, correspondence, and project details.
• Review and submit draw requests, communicate status and updates to all related parties.
• Coordinate construction site monitoring and any other necessary due diligence efforts, maintaining and delivering all appropriate documentation.
• Extract and track lease requirements and development agreement terms for critical dates and terms related to developments projects.
• Manage close-out of development files, including final documents needed to complete final funding and meet retention requirements.
• Communicate with tenants, developers, general contractors, brokers, and other third parties, as appropriate, to ensure development lease provisions are strictly adhered to and fully implemented.
• Resolve challenges that may come up during the development process effectively and efficiently.
• Schedule calls and provide agendas for internal and external meetings.
• Document internal processes and procedures and maintain development files.
• Manage Certificates of Insurance (COIs) from developers and general contractors.
• Assist in acquiring all contractual documentation.
• Special projects and other duties as assigned.

Requirements

• Approximately 2 or more years in construction or real estate development experience.
• Bachelor's degree or equivalent knowledge or experience.
• Solid grasp of quantitative data.
• Excellent PC skills including Outlook, Word, Excel, PowerPoint, and Adobe.
• Existing knowledge of, or aptitude to learn, Yardi and Smartsheet software.
• Self-motivated with the ability to execute in ambiguous situations and take initiative without explicit instructions.
• Highly organized with strong analytical skills and the ability to multi-task in a high-paced environment.
• Demonstrate ability to prioritize multiple projects and tasks with utmost attention to detail.
• Excellent communication skills and strong interpersonal skills.

Nice-to-haves

• Knowledge of title and legal documents including Leases, Development Agreements, Project Management Agreements, PSAs, REAs, CCRs, ALTA Land surveys, zoning.

Benefits

• Competitive Salary including potential for bonus and stock awards.
• Best-in-class Benefit Package.
• Collaborative, team-oriented environment.
• Opportunities for Continuing Professional Development.
• Healthcare, dental, and vision insurance for employees and eligible dependents.
• 401(k) retirement plan with a company match of 50% up to 6% of eligible compensation.
• 8.66 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time.