Manager - Property Rights and Acquisitions

Company: NJ TRANSIT
Location: Newark
Posted on: August 6, 2022

Job Description:

Forbes List of America's Best Employers 2018Move forward with us! At NJ TRANSIT, you'll join us in transforming the third-largest transportation agency in North America. We are committed to delivering safe, reliable service that gets our customers to their destinations on time-and we're looking to hire talented folks with a love of learning to make it all possible.Main Functions Researches and identifies properties suitable for NJ TRANSIT's operating needs, whether part of NJ Transit's property inventory or owned by third parties.Coordinates with NJ Transit departments, including but not limited to Rail, Bus, Capital, Planning, Police, etc. to ensure timely response to meet their requirements. Researches, tracks and reports on real property market data, including market values, capitalization rates, replacement cost, etc., ongoing or upcoming developments and available real property inventory.Conducts and reviews, as applicable, feasibility studies investment analysis and sensitivity analysis, to evaluate transaction terms timeline, and risk thresholds.Develops and applies criteria for formal competitive solicitations in property acquisition and conveyance, and in engaging consultants.Assists in transaction negotiations and oversees transaction documentation and timeline.Coordinates and oversees due diligence activities, property condition assessment and proper documentation. Assists in defining transaction terms and drafting letters of intent, purchase and sale agreements and Board items, as applicable.Supports the enforcement of contract terms and conditions. Education and Experience Requirements Bachelor's Degree in Business Administration, Real Estate, Finance or related area,Four (4) years of experience in real estate acquisition or dispositions, with exposure to market research and the brokerage community. Proficient in Microsoft office products. Ability to review/interpret architectural designs.At NJ Transit you will enjoy a competitive salary and excellent benefit package:--- Comprehensive Family Health Insurance - Prescription, Dental, Vision--- Flexible Spending Account--- Life Insurance--- Paid Leave--- 401(a) and 401(k) Retirement Plans--up to 9% employer contribution--- Tuition Assistance--- Qualified Transportation Expense Plan (QTE)At NJ TRANSIT we support and depend upon the diversity of our staff.NJ TRANSIT is an Equal Opportunity Employer

Keywords: NJ TRANSIT, Newark , Manager - Property Rights and Acquisitions, Executive , Newark, New Jersey