Senior Development Manager - Commercial Real Estate
About the job
- Suitable commercial retail real estate-related experience gained at an established landlord or development consultancy; with extensive retail development experience (including extensions, amalgamations, downsizes, facade replacements), refurbishment, new development projects, and asset repositioning projects.
- At least 8-10+ years of Commercial Real Estate Development experience is likely to have the right level of knowledge and experience for this role; strong candidates outside of this range will be considered.
- Experience in leading consultant and project teams on multiple projects & programmes at any one time.
- Either consultancy or client organisation experience for delivery of capital projects across the UK and Europe.
- Must have substantial knowledge of the JCT and SBC forms of contract and be able to guide and advise on contract selection and implement suitable contract amendments.
- Experienced in the negotiation of legal planning agreements.
- Experience in reviewing and critiquing an agreement for leases, technical negotiations, and development of landlord shell specifications.
- Chartered Surveyor (MRICS) qualified.
- Solid analytical, problem-solving, and financial analysis and IT skills (including Excel and Word).
- Excellent professional communication skills both verbal and written, able to establish and maintain effective working relationships.
- Exceptional problem-solving skills, with the ability to effectively identify issues, research and analyse complicated matters, assess potential exposure and minimise risk, propose alternative courses of action, and make well-reasoned recommendations.
- Coordinate a proportion of the development pipeline across the international portfolio and is responsible for delivering all capital expenditure initiatives determined by the DD and relevant Asset Managers including ground up developments, amalgamations, upsizes, downsizes, and maintenance, with regular reporting to the Development Director on progress, commercial performance, key risks, and issues.
- Collaborate with the US Construction and Procurement Team on all CapEx projects (including maintenance) regarding internal procedures, reporting, drawdowns, etc...
- Collaborate with the Property Management Team on maintenance and CapEx initiatives across the portfolio.
- Manage all pre-contract activities in the development process, including leading the planning application and procurement processes.
- Support the Development Director in all CDM, Health & Safety, and statutory regulatory approval processes for all international construction activities, including appointment of consultants where required.
- Agree with the Development Director on the appointment of consultant project teams and manage coordination across the international portfolio on all allocated projects.
- Ensure all allocated projects are procured using the most appropriate forms of construction contract and procurement methodology to ensure the most efficient commercial delivery across the portfolio.
- The Senior Development Manager is required to visit assets regularly across the UK and Ireland.
- Act collaboratively with the Asset Management Team on development feasibility opportunities.
- Provide input into development appraisals, acquisitions, and other repositioning strategies for the asset management and investment teams.
- Develop client briefs on construction projects across the portfolio and ensure that all works are delivered to agreed project outcomes.
- Maintain and manage reporting processes across the portfolio and multiple consultant teams.
- Assist the Development Director in reviewing, approving, and processing project invoices alongside the finance team.
- Collaborate and communicate with the Asset Management department to ensure an organised approach, transparency of workflow, and pursuit of the optimum solution for a given property; Provide projections that are to be incorporated into their reporting.
- Collaborate and communicate with the Development Team and Construction & Procurement Team in the US to ensure alignment of approach and regular reporting.
- Collaborate with and provide information/direction to the accounting department, including budget forecasting, job cost allocation, and issue resolution.
- Present to the Investment Committee as required.
- Provide information to the Legal department, including Attorneys and Paralegals; Work in concert to assess risk, provide solutions, and complete transactions.
- Work with Sustainability to employ environmentally friendly initiatives in development.
- Communicate with Lease Administration and Real Estate Operations to ensure a seamless flow of information throughout the development process.
- Create and maintain relationships with third-party support, tenants, real estate developers, and brokers; Help negotiate agreements for leases and specifications, leases, development agreements, commission agreements, third-party documents, etc.; oversee, inform, and direct throughout the development process.
- Engage, advise, and negotiate with government entities, planners, and other specialists.
- Performs other duties as assigned.
- Industrial and logistics development experience, including large single-box development and multi-unit development projects.
- Undergraduate degree: BSc or BA in related field (or equivalent work experience)
About the company
Realty Income is a real estate investment trust (REIT) that focuses on net lease properties and pays investors reliable monthly dividends. It earns rental income from a broad portfolio of long-term leased properties across retail, industrial, and agricultural assets (including vineyards), with tenants responsible for most property expenses. This structure provides stable, predictable cash flows that Realty Income distributes as dividends. The company emphasizes a diversified tenant base and prudent financial management with a conservative capital structure to reduce risk. Its goal is to deliver steady, risk-adjusted returns and long-term value for shareholders while maintaining transparency and sustainable, ethical practices.
Company Size
501-1,000
Company Stage
IPO
Headquarters
San Diego, California
Founded
1969
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Simplify's Take
What believers are saying
- Q2 2026 revenue rose 9.7% to $1.55 billion, with AFFO growth intact.
- September 2026 KKR joint venture unlocked €528 million for European expansion.
- June 2026 Cloud Capital venture targets $6 billion hyperscale data centers with investment-grade tenants.
What critics are saying
- 2026 Treasury yield spikes pressure Realty Income's valuation and raise refinancing costs immediately.
- Credit watch list still covers 5.8%-5.9% of annual base rent, led by casual dining.
- Tenant bankruptcies and lease rejections can hit 40 basis points of 2026 credit losses.
What makes Realty Income unique
- Largest global net-lease platform, with 15,600 properties across nine countries in 2026.
- 31 straight years of dividend increases and 674 consecutive monthly dividends define the brand.
- Private-capital vehicles with KKR, Apollo, and Cloud Capital diversify funding beyond public equity.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Hybrid Work Options
Remote Work Options
Paid Vacation
Paid Holidays
Wellness Program
Growth & Insights and Company News
6 month growth
10%1 year growth
10%2 year growth
10%Irish commercial property investment tops €2bn in first nine months of 2026. Investment in Irish commercial property has surpassed €2 billion in the first nine months of 2026, marking the strongest performance for the period since 2022, according to new research from Savills. The latest figures show that €649 million was invested across 20 transactions during the third quarter. While the total was 6.5% lower than the €694 million recorded in Q3 2025, the average transaction size increased significantly. The average deal reached €32 million during the quarter, compared with €20 million in the same period last year. Savills expects activity to remain strong through the final quarter, with the current transaction pipeline indicating that total investment could reach approximately €3 billion for the full year. Residential property was the largest investment sector during the third quarter, accounting for 39% of total activity. Offices followed with a 29% share, while logistics represented 25%. Retail accounted for 6% of investment, with mixed-use properties making up the remaining 1%. The largest transaction of the quarter was the €180 million acquisition of Quayside Quarter in Dublin's North Docklands by Quantum Immobilien from Greystar. - Advertisement - The 268-unit residential development marks Quantum Immobilien's first investment in the Irish market. The second-largest transaction was BNY Mellon's €160 million acquisition of The Shipping Office in Dublin 2 from Marlet. BNY Mellon already occupies a significant proportion of the recently completed South Docks office development. Logistics also recorded a strong quarter, with Realty Income acquiring a portfolio of industrial properties from DSV in a €70 million sale and leaseback transaction. An Irish pension fund also acquired an off-market industrial portfolio for €39 million. Institutional investors continued to account for the majority of activity during the quarter, representing 63% of purchases and four of the five largest transactions. US investors were particularly active, accounting for 47% of total investment volumes. According to Savills, this was the highest quarterly share recorded by US investors since the second quarter of 2016. European investors accounted for a further 39% of investment during the period. Kevin McMahon, Director of Investments at Savills Ireland, said: "The most significant feature of the market this year has been the return of larger transactions. Construction Group has now passed €2 billion for the first nine months of the year, but just as importantly, the average deal size increased by 60% in the third quarter. "There is clearly capital available for good Irish assets, and Construction Group is seeing that across all sectors rather than in one part of the market alone. The level of international activity is also encouraging. US and European buyers accounted for the vast majority of investment during the quarter, while Quantum Immobilien's acquisition of Quayside Quarter brought another new European investor into Ireland. "We have a good pipeline of transactions moving through the market and, on that basis, we expect investment volumes to reach approximately €3 billion by year-end. Financing conditions have become more challenging again, however, so pricing,asset quality and stable cashflow growth will remain important as we move into the final quarter."
The US stock market has experienced 37 corrections of 10% or more since 1945, occurring roughly every 2.2 years, according to MUFG data. The most recent correction happened in April 2025, when the market fell approximately 20% from its peak. Rather than attempting to predict the next downturn, investors can prepare by adding defensive dividend stocks to their portfolios. Three companies stand out for their resilience during market corrections. Realty Income has outperformed the S&P 500 in 11 of 13 corrections since 1994, declining an average of just 2.6% compared to the broader market's 22.6% drop. The REIT offers a 6% yield and has increased its monthly dividend 136 times since 1994. Procter & Gamble provides stability through its household product portfolio and boasts 70 consecutive years of dividend increases. The company yields 3% and generated $19.6 billion in cash flow last year. WM, North America's leading waste management company, has raised dividends for 23 straight years and offers nearly 2% yield with lower volatility than the broader market.
Realty Income (O) receives a Buy from RBC Capital. Oct. 2, 2026, 09:45 PM In a report released on October 1, Brad Heffern from RBC Capital maintained a Buy rating on Realty Income, with a price target of $60.00. The company's shares closed yesterday at $53.53. According to TipRanks, Heffern is a 5-star analyst with an average return of 11.7% and a 49.80% success rate. Heffern covers the Real Estate sector, focusing on stocks such as Agree Realty, Equity Lifestyle, and Vivmark Residential. Currently, the analyst consensus on Realty Income is a Hold with an average price target of $65.13. Based on Realty Income's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.43 billion and a net profit of $397.07 million. In comparison, last year the company earned a revenue of $1.41 billion and had a net profit of $196.92 million Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of O in relation to earlier this year. Last month, Gregory Mclaughlin, a Director at O sold 3,475.00 shares for a total of $209,021.25. Read More on O:
Realty Income has raised $1.74 billion from 43 investors for its US Core Plus Fund and closed a €528 million joint venture with KKR, according to a Securities and Exchange Commission filing. The commercial real estate investment trust is expanding beyond public equity markets to fund growth through private vehicles and partnerships. The KKR deal, which closed on 28 September, gives the private equity firm a 49% stake in 54 commercial properties across Spain, Ireland, Poland and the Netherlands, while Realty Income retains 51% and operational control. Analysts remain cautious. Scotiabank downgraded the stock to Sector Perform in September, whilst Truist Securities initiated coverage with a Hold rating. Shares closed at €48.08 on Friday, near their 52-week low of €47.28 and 18% below their July peak. Realty Income will report third-quarter results on 2 November.
Realty Income (NYSE:O) sets new 1-year low - what's next? Realty Income Corporation (NYSE:O - Get Free Report) reached a new 52-week low during trading on Tuesday. The company traded as low as $54.94 and last traded at $55.3980, with a volume of 609686 shares changing hands. The stock had previously closed at $55.35. Realty Income news roundup. Here are the key news stories impacting Realty Income this week: * Realty Income is expanding its private-capital strategy in Europe, where lower borrowing costs and strong transaction activity could create additional growth opportunities and diversify its investment platform. * Some investors view the recent weakness as a buying opportunity, supported by Realty Income's monthly dividend, long history of dividend increases and relatively defensive portfolio. The company's latest results also showed revenue growth and earnings in line with expectations. * Realty Income remains a prominent monthly dividend stock for retirees and income-focused investors, but the appeal of its yield is being evaluated against rising Treasury yields and competing income investments. * A 10-year Treasury yield at a 52-week high is pressuring Realty Income's valuation because higher bond yields make its dividend less attractive and increase financing costs. Analysts and commentators are also raising concerns about the stock's rate sensitivity and recent downgrades. * One bearish investment view argues that investors should not buy Realty Income solely for its dividend, reflecting concerns that the yield may not sufficiently compensate for interest-rate risk, valuation pressure and limited near-term share-price momentum. Analysts set new price targets. O has been the subject of a number of recent analyst reports. Mizuho dropped their price target on shares of Realty Income from $66.00 to $61.00 and set a "neutral" rating for the company in a research report on Thursday, September 17th. UBS Group set a $67.00 price objective on shares of Realty Income in a report on Thursday, June 18th. Barclays lowered their price objective on shares of Realty Income from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Friday, September 4th. Huntington began coverage on shares of Realty Income in a report on Wednesday, July 15th. They issued an "outperform" rating and a $70.00 target price for the company. Finally, Robert W. Baird boosted their target price on Realty Income from $64.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average target price of $66.23. Discover more Defense World defenseworld Realty Income trading down 1.5%. The company's 50 day simple moving average is $60.98 and its 200 day simple moving average is $61.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The firm has a market cap of $51.41 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 3.92 and a beta of 0.71. Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same period last year, the firm earned $1.05 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, research analysts expect that Realty Income Corporation will post 4.42 earnings per share for the current fiscal year. Realty Income increases dividend. The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.2715 per share. This is a boost from Realty Income's previous monthly dividend of $0.2710. This represents a $3.26 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Realty Income's dividend payout ratio is presently 237.23%. Institutional trading of Realty Income. A number of large investors have recently made changes to their positions in O. BlackRock Inc. acquired a new position in Realty Income during the 2nd quarter worth approximately $6,997,219,000. State Street Corp raised its holdings in shares of Realty Income by 3.4% in the 2nd quarter. State Street Corp now owns 65,929,425 shares of the real estate investment trust's stock valued at $4,102,484,000 after purchasing an additional 2,166,180 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Realty Income by 10.3% in the 2nd quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust's stock valued at $1,184,551,000 after purchasing an additional 1,785,859 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Realty Income by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust's stock worth $796,457,000 after purchasing an additional 154,581 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Realty Income during the 2nd quarter worth $643,334,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors. Realty Income company profile. Realty Income Corporation is a real estate investment trust (REIT) that acquires, owns, and manages commercial properties leased to businesses under long-term agreements. The company is widely known as "The Monthly Dividend Company" for its focus on providing regular monthly dividend payments to shareholders. Most of Realty Income's properties are operated under single-tenant, triple-net lease arrangements. Under these agreements, tenants generally are responsible for property taxes, insurance, and maintenance expenses, while Realty Income collects contractual rent. Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.