Job DescriptionEssential Job DutiesThe Vice President will work within the Asset Management Group and assist in operating and reporting on a growing regional portfolio. Specific Responsibilities include:
- 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.
Required Knowledge, Skills, and Abilities- 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
Reporting RelationshipsPrincipal, U.S. Real Estate Logistics Asset Management
CompensationThe 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.
$140,000.00 - $160,000.00
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.
