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
Click
here to apply!
|