Vice President, Logistics Asset Management

Ares Management LLC; Chicago (IL); On-site; USD 200,000 - 225,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

401(k) with company match

Flexible Spending Accounts (FSA)

Job summary

Ares Management Corporation's Marq unit seeks a Vice President in the U.S. Real Estate Logistics Asset Management group to oversee regional industrial assets, leasing strategy, partnerships, and budgeting across the portfolio.

You will coordinate with third-party teams, review capital plans, and drive performance. The ideal candidate has 7–10 years in asset management, strong verbal and written communication, and the ability to travel domestically.

Qualifications

• Bachelor's degree required
• 7–10 years direct experience in asset management preferred
• Strong verbal and written communication in entrepreneurial environment
• Budgeting skills including Yardi and Excel preferred
• Ability to travel domestically required

Responsibilities

• Operate and manage regional industrial assets and reporting
• Conduct market research to identify trends and leasing opportunities
• Negotiate lease terms and rental rates with tenants
• Oversee third-party leasing teams and property management
• Manage lease negotiations with third-party teams and counsel
• Review capital plans and support make-ready scopes and execution
• Develop leasing and marketing plans across the regional portfolio
• Support tenant move-ins/m move-outs and dispositions

Skills

Communication skills

Team orientation

Budgeting skills

Relationship management

Education

Bachelor's degree

Tools

Yardi

Excel

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

About Marq

Marq is a global leader in the development and operation of modern logistics facilities and manages a portfolio of approximately 2,000 properties totaling more than 600 million square feet. With a mission to deliver institutional-quality logistics facilities and a consistent, best-in-class experience to tenants around the world, Marq’s highly specialized and dedicated team provides a powerful combination of global scale with local experience. Learn more at https://www.marqlogistics.com/.

Essential Job Duties

The Vice President will work within the Asset Management Group and assist in operating and reporting on a growing regional portfolio. Specific Responsibilities include:

• Serve as a key partner in the operation and management of regional industrial assets

• Conduct market research to identify trends, competitive properties, and leasing opportunities

• Negotiate lease terms and rental rates with prospective tenants

• Oversee third-party leasing teams, property management teams, and key vendor relationships

• Manage new and ongoing lease negotiations in coordination with third-party leasing teams and internal and external counsel

• Partner with Property Management and Construction Management to review capital plans, provide input on significant projects, and support make-ready scopes and execution

• Review post-acquisition and annual budgets for alignment with underwriting, leasing assumptions, marketing plans, and overall asset strategy

• Develop and execute leasing and marketing plans across the regional portfolio

• Support asset-level marketing efforts in partnership with third-party leasing teams and brokers, including coordinating open houses and other marketing initiatives and ensuring marketing activities align with leasing objectives and overall asset strategy

• Support acquisition due diligence, including tenant interviews and estoppels, underwriting assumptions, capital needs, and third-party reports

• Review portfolio reporting for accuracy and timeliness, including third-party reports, lease information, and internal asset management reporting

• Support tenant move-ins, move-outs, and make-ready activities

• Partner with joint venture partners on asset strategy, providing oversight and input on leasing, significant capital projects, budgets, and dispositions

Required Knowledge, Skills, and Abilities

• Position requires a bachelor’s degree
• 7-10 years direct experience in asset management is preferred. Leasing experience preferred
• A team-oriented individual with strong verbal and written communication skills who is comfortable working in a very entrepreneurial environment required
• Demonstrated ability to effectively manage transactional details required
• Demonstrated budgeting skills, including Yardi and Excel applications are preferred
• Ability to effectively manage internal and external relationships required
• Ability to travel domestically required

Reporting Relationships

Principal, U.S. Real Estate Logistics Asset Management

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.

$200,000.00 - $225,000.00

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.