Senior Associate, U.S. Real Estate Logistics Asset Management

Ares Operations•Atlanta, GA

About The Position

The Senior Associate will work within the Asset Management Group and assist in operating and reporting on a growing regional portfolio. This role involves acting as a key partner in the operation and management of regional industrial assets, conducting market research, negotiating lease terms, and overseeing third-party leasing teams and property management. The position also includes responsibilities for new and ongoing lease negotiations, administration of capital expenditures, and assisting with the post-acquisition budget process, annual budget process, reforecasting, and strategic planning. Additionally, the role supports due diligence efforts during the acquisition phase and is responsible for the accuracy and timeliness of management reporting on the portfolio. Assisting with tenant move-in, move-out, and make-readies is also part of the responsibilities.

Requirements

Position requires a bachelor’s degree
5+ 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

Responsibilities

Acting as a key partner in the operation and management of regional industrial assets
Conduct thorough market research to identify trends, competitive properties, and potential opportunities for leasing
Negotiate lease terms and rental rates with potential tenants, ensuring favorable outcomes for both the company and the tenants
Oversight of third-party leasing teams, property management, vendor contracts and vendor relationships supporting the industrial assets
Direct involvement and responsibilities for new and ongoing lease negotiations within the portfolio including communicating with third-party leasing teams, in-house counsel, and third-party legal teams
Assist in administration of capital expenditures within the industrial portfolio and working with the VP Construction Management on oversight and guidance to all third-party construction managers, contractors and/or vendors
Assist in the post-acquisition budget process, annual budget process and reforecasting and strategic planning for the entire regional industrial portfolio. This includes overseeing the timeline, preparation and completion of annual budgets, business plans and leasing and marketing plans
Assisting with due diligence efforts performed during the acquisition phase, specifically: tenant interviews, tenant estoppels, underwriting assumptions (market rent, lease up timing, leasing costs, and capital improvements) and third-party reports (environmental and engineering reports) for future acquisitions
Responsible for accuracy and timeliness of management reporting on the portfolio: review of monthly third-party reports, verifying new leases are input correctly by internal property management teams, as well as assisting in the compilation of internal asset management portfolio reports
Assist with tenant move-in, move-out and make-readies