- Salary
- $200k – $225k
- Location
- Chicago IL : Black Creek (Butterfield Rd), United States of America
- Type
- Full-time
- Department
- Operations
- Seniority
- VP
- Source
- Workday
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 ManagementCompensation
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.