Associate, Asset Management (Real Assets)

Associate, Asset Management

Blue Owl is a leading asset manager that is redefining alternatives. With over $315 billion in assets under management as of March 31, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,390 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional.

The Associate, Asset Management's role is to assist in preserving and generating asset value while also creating operational efficiency through multiple responsibilities, including asset operational performance, lease administration, tenant relations, and development.

Responsibilities:

• Support the asset management function by monitoring property performance, coordinating with tenants and property managers, and assisting with capital expenditure decisions.
• Assist in managing build-to-suit development projects alongside third-party owner's rep which includes the draw/funding process, oversight of the project schedule, budget and spending review, and risk mitigation.
• Conduct site visits on a regular basis and meet with property managers/tenants to review and assess operations, capital improvement needs, and property physical condition.
• Manage the annual budget review and approval process for an assigned portfolio, along with monitoring performance against the budget.
• Ensure full lease compliance by monitoring critical terms, deadlines, requirements, and tenant obligations across all assigned properties.
• Build and maintain strong relationships with various stakeholders, including property managers, tenants, consultants, and external partners.
• Review and analyze tenant requests against commercial lease requirements.
• Respond to tenant requests such as subletting, capital expenditures, permits, alterations, etc.
• Effectively present information to and respond to questions from groups of executives, investors, lenders, and partners.
• Travel approximately 20%.

Qualifications:

• Bachelor's degree in Real Estate, Management, Finance or Business Administration
• 3-5+ years of experience in working with a combination of asset management, property management, tenant relations, and development
• Strong financial acumen; must understand the components driving cashflow
• Experienced in Outlook and Microsoft Office (advanced Excel skills preferred)
• Detail-oriented and have the ability to balance competing priorities
• Strong verbal, written communication, and interpersonal skills

It is expected that the base annual salary range for this Chicago based position will be $125,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.