Principal, Real Estate Industrial
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
The Vice President of Construction Management (VP) will oversee the project management functions for tenant improvements (TI), value-add renovations, capital projects, and potential new development for a growing northwest regional industrial portfolio. Position duties include managing comprehensive scopes of work directing design consultants cost estimating analyzing proposals contract preparation and management contractor and/or subcontractor vetting project scheduling, document, and budget management.
Essential Job Duties
- Prepare comprehensive scopes of work and manage design and execution of projects such as value add conversion projects, post close underwritten improvements or lender requirements, asphalt, concrete, utilities, painting, roofing, HVAC, electrical, fire protection, plumbing, tenant improvements and new developments
- Provide technical guidance for projects that are generated and managed by Property Management
- Support the Asset Management team by developing budgets for proposed TI projects and detailed scopes of work for lease documents
- Support the Acquisition and Due Diligence teams with preliminary budgets as needed throughout the acquisition process
Construction Management
- Execute and manage all contracts and other required documents.
- Execute TI, building capital improvement projects, and potentially new construction development projects
- Draft and review all project construction specifications
- Prepare cost estimates for the scope of work utilizing quantities, proposals, historical information and general unit pricing knowledge
- Prepare contractor bid packages and upon receipt, analyze for adherence to design, quantities, qualifications, and costs as compared to preliminary analysis and budget
- Provide value engineering options where possible
- Manage the overall construction process to include obtaining necessary permits or required jurisdictional documentation
- Schedule and conduct construction progress meetings
- Review change orders and process internally for approvals
- Review contractor invoices and draw requests for accuracy and completeness
- Possess knowledge of local building codes, LEED processes and design and construction of class A industrial product
- Manage design processes and engage architect and/or engineering professionals to provide detailed scopes of work
- Ensure projects are managed within scope of budget and are completed on schedule
- Prepare project schedules where appropriate to ensure timely delivery of project
Administration
- Review lease to ensure scope of work for TI follows the lease requirement
- Work with Asset Management, 3rd party Property Management, Due Diligence and Financial Analysts and Accounting for proper job set up and billing of project through Yardi Construction Manager
- Close out projects in a timely manner to include receipt of Certificate of Occupancy, warranties, signed off permits, lien waivers, etc.
- Make sure all necessary record documents for data management files are collected
- Internal, weekly Project tracking and reporting duties
Documentation
- Maintain and document all activities related to capital projects
- Maintain detailed documentation of construction process to include collection of warranties, Certificates of Occupancy, project manuals, regular updates to Asset Management and Development management teams, etc.
Travel
- Travel as required of position
General Requirements
- 7+ years construction management and/or development related experience required
- Position requires an experienced and proven Project Manager with an established track record of success
- Light industrial specific real estate experience strongly preferred
- Proficiency in Microsoft Office and MS Project, or other scheduling software required, experience in ACAD or other drawing software helpful
- Knowledgeable of local building codes and processes which affect design and construction required
- Outgoing, confident, and likeable personality with ability to work and communicate well with employees, customers, vendors and internal and external stakeholders required
- Excellent verbal and written communication skills required
Reporting Relationships
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.
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.