VP, US Logistics Asset Management, Real Estate

Ares Management Corporation•Bellevue, WA

1d•Onsite

About The Position

The Vice President 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 teams. The position also includes involvement in capital expenditures, budget processes, due diligence for acquisitions, and management reporting.

Requirements

Position requires a bachelor’s degree.
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.
Ability to effectively manage internal and external relationships required.
Ability to travel domestically required

Nice To Haves

7-10 years direct experience in asset management is preferred.
Leasing experience preferred.
Demonstrated budgeting skills, including Yardi and Excel applications are preferred.

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.