Forbes List of America’s Best Employers 2021 & 2022
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.
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.
Research, 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.
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.
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.
Master’s degree in real estate or state commercial real estate appraisal license may be substituted for the 4 years’ real estate acquisition or disposition experience.
One year of closely related experience may be substituted for the Bachelor’s Degree requirement.
Proficient in Microsoft office products.
Ability to review/interpret architectural designs.
NJ TRANSIT is New Jersey's public transportation corporation. Its mission is to provide safe, reliable, convenient and cost-effective transit service with a skilled team of employees, dedicated to our customers' needs and committed to excellence.
Covering a service area of 5,325 square miles, NJ TRANSIT is the nation's third largest provider of bus, rail and light rail transit, linking major points in New Jersey, New York and Philadelphia. The agency operates an active fleet of 2,221 buses, 1,231 trains and 21 light rail vehicles. On 252 bus routes and 12 rail lines statewide, NJ TRANSIT provides nearly 270 million passenger trips each year.
NJ TRANSIT also administers several publicly funded transit programs for people with disabilities, senior citizens and people living in the state's rural areas who have no other means of transportation. In addition, the agency provides support and equipment to privately-owned contract bus carriers.
As the vehicle that connects New Jerseyans with employment, education, health care and recreational opportunities in and around the Garden State, NJ TRANSIT is vital to the state's economic and social well-being, as well as its quality of life.