1 Manager, Property Rights & Acquisitions Job in Newark, NJ
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Manager, Property Rights & Acquisitions
$88k-120k (estimate)
Full Time
7 Months Ago
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NJ TRANSIT is Hiring a Manager, Property Rights & Acquisitions Near Newark, NJ
Forbes List of America’s Best Employers 2021 2022 & 2023
Move 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.
Roles & Responsibilities
- 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.
- Conducts property acquisition due diligence in accordance with eminent domain regulations and procedures.
- Procures and maintains database of property appraisals, title reports and surveys and provides suitable periodic reports.
- 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.
- Assists in defining transaction terms and drafting letters of intent, purchase and sale agreements and Board items, as applicable.
- Reviews and analyzes property title.
- Manages acquisition process and assists counsel to ensure property closing.
- Supports the enforcement of contract terms and conditions.
- Assists in conducting reviews of excess property for disposition through sale (fee and easement interests) or lease.
- Coordinates the sale of property interests (fee and easement) for sale via RFP and other means as necessary.
Education, Experience and Qualifications:
- Required: Bachelor's Degree in Business Administration, Real Estate, Finance or related area, and (3) to four (4) years of experience in real estate.
- Preferred: Master’s Degree in Business, Real Estate, Finance or related area. Licensed in real estate sales, property appraisal or similar field.
Knowledge and Skills:
- 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 – Medical, Prescription, Dental, Vision
- Flexible Spending Account
- Life Insurance
- Paid Leave
- Tuition Assistance
- Commuter benefits
- 401(a), 401 (b), 401(k) Retirement Plans- up to 9% employer contribution
At NJ TRANSIT we support and depend upon the diversity of our staff. NJ TRANSIT is an Equal Opportunity Employer.
Job Summary
JOB TYPE
Full Time
SALARY
$88k-120k (estimate)
POST DATE
09/27/2023
EXPIRATION DATE
04/22/2024
WEBSITE
njtransit.com
HEADQUARTERS
Newark, NJ
SIZE
1,000 - 3,000
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