Property Manager

Ares Management Corporation; Oakbrook Terrace (IL); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) with company match

Flexible Spending Accounts (FSA)

Health Savings Account (HSA)

Life insurance

Disability insurance

Employee Assistance Program (EAP)

Commuter benefits

Job summary

Ares Management Corporation is seeking a Property Manager to oversee an assigned industrial real estate portfolio. The role focuses on maximizing property performance through prudent operations, exceptional tenant service, and close collaboration with asset management and other departments.

Responsibilities include budgeting, vendor management, preventative maintenance, and ensuring projects stay on time and within budget while maintaining high tenant satisfaction and financial goals.

Qualifications

• 5+ years of property management experience, including tenant relations and admin tasks.
• Experience supervising vendor partners and property-level financial reporting.
• Experience managing maintenance capital projects and service contracts.

Responsibilities

• Establishes and monitors budgets; optimizes property performance.
• Provides high level customer service to tenants and manages onboarding/offboarding.
• Manages maintenance contracts, vendors, and capital projects within budget.
• Tours properties regularly to ensure compliance with standards and timely capital projects.
• Prepares annual budget and 10-year capital plan; tracks financial performance.

Skills

Customer service

Vendor management

Financial planning & reporting

Capital project management

Communication skills

Reading leases/building plans

Education

BA/BS in Finance, Real Estate, or Business Administration

CPM/RPA designation preferred

Tools

Real estate software

Job description

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values– Collaborative, Responsible, Entrepreneurial, Self‑Aware, Trustworthy– and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee‑focused programming, we are committed to fostering a welcoming and inclusive work environment where high‑performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

The Property Manager reports to the Senior Property Manager and is responsible for managing an assigned industrial real estate portfolio. The Property Manager’s objective is to directly manage a property portfolio and to maximize property performance through efficient operational strategies, to maintain high levels of tenant satisfaction, and to meet the overall financial goals of the company.

Responsibilities of this position

establishing and monitoring budgets, providing a high-level of customer service to tenants, managing vendor partners, supporting the asset management team, and working closely with the other departments within the firm to maximize results.

ESSENTIAL JOB FUNCTIONS

Tenant Services

• Executes a high level of customer service to tenants within the portfolio through a sense of urgency with responding to tenant requests, and actively meeting and engaging with tenants on a regular basis.
• Ensures that the move‑in/move‑out process within their assigned portfolio is being executed timely and efficiently.
• Actively engages with tenants to maintain low levels of accounts receivables through regular contact, processing of collection notices, and tenant account management.

Property Performance

• Executes a high level of support to local asset management teams to minimize downtime of vacant units and to maximize tenant retention.
• Develops and executes preventative maintenance programs to extend the life expectancy of building elements.
• Actively manages service contracts to leverage scale, to minimize costs, and to consolidate vendors partners across the portfolio.
• Tours properties within the assigned portfolio on a regular basis to ensure properties are being maintained to ARES property standards, liabilities are being minimized, and capital projects and other property level projects are being completed in accordance with budget and timing.
• Completes the annual budget process for the assigned portfolio, in accordance with internal timing expectations, to ensure accurate property level expenses and a complete 10‑year capital plan.
• Actively manages financial performance through expense approvals, strategic property‑level spending, monthly financial reporting, property level variance reporting, and expense accrual submittals.
• Ensures that the onboarding and offboarding of properties through acquisitions/dispositions is coordinated efficiently with the transaction teams.

ADDITIONAL DUTIES AND RESPONSIBILITIES

Assumes additional responsibilities and performs special projects as needed or directed.

REQUIRED QUALIFICATIONS

• 5+ years of property management experience handling customer service and administrative issues related to real estate management.
• Experience supervising, directing, and managing vendor partners.
• Experience managing and property level financial planning and reporting.
• Experience managing maintenance capital projects.
• Proficiency in standard real estate related software programs
• Ability to communicate effectively with tenants, vendor partners and internal teams.
• Ability to interpret property –level and corporate documents such as tenant leases, building plans and related specifications, operating and maintenance instructions, and policy manuals.
• BA or BS in Finance, Real Estate, Business Management; CPM/RPA designation preferred.

TRAVEL REQUIREMENTS & ADDITIONAL NOTES

Work performed in a general office environment. May require extended hours during peak periods. Availability for travel up to 50% of the time to property and construction sites for on‑site project monitoring and meeting attendance. Exposure to adverse weather conditions, loud noise, and dust conditions at construction sites.

Reporting Relationships

Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance‑based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role. The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long‑Term Disability (LTD) and Short‑Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit. Ares offers a number of additional benefits including access to a world‑class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management's global platform had approximately $671 billion of assets under management(1) with more than 4,400 employees operating across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law. Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance. (1) As of June 30, 2026. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.