Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.
With $273 billion in assets under management as of March 31, 2025, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. 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 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.
Blue Owl's Net Lease Real Assets Investment team is seeking an Associate to join the Real Assets Due Diligence and Closing team. The ideal candidate will either have experience working as a due diligence analyst in a commercial real estate firm.
Since its inception, our Real Assets platform has established itself as a leader in private equity real estate, offering flexible capital solutions to investment-grade and creditworthy tenants across asset classes and geographies. We seek to provide investors with predictable current income and the potential for appreciation while focusing on limiting downside risk.
Our core Net Lease real estate strategies focus on acquiring single-tenant, free-standing properties across industrial, essential retail, and office sectors that are net-leased, long-term, to investment grade and creditworthy tenants. This combination seeks to create predictable cash flow from long-term rents, providing investors with current income, net of fees, plus appreciation and limited downside risk.
Responsibilities:
- Support due diligence efforts to thoroughly evaluate potential construction sites and projects before committing to development.
- Coordinate with and help oversee external development and technical/engineering consultants on built-to-suit transactions throughout underwriting/due diligence process with a focus on project controls, technical feasibility, and project risks.
- Coordinate due diligence process and deadlines across multiple development deals, from the time a term sheet is signed until closing of escrow.
- Update due diligence checklists, including soliciting feedback from multiple internal and external parties to ensure accuracy.
- Coordinate, follow up with and schedule meetings with multiple external parties to drive transactions to timely closing.
- Manage data rooms including tracking uploads and providing users with access.
- Order third party due diligence reports such as Survey, Zoning, and Environmental Phase I’s.
- Review environmental Phase I’s and flag issues to broader team and advisors.
- Work with outside counsel on legal due diligence issues.
- Work with internal and external insurance advisors to ensure appropriate insurance coverages are placed ahead of closing.
- Prepare rent rolls and other schedules to attach to leases
- Prepare closing settlement statement and coordinate with title company on closings
- Additional projects or support to the team as needed
Qualifications:
- 3+ years experience supporting due diligence for commercial real estate developments.
- Bachelor’s degree required
- Ability to travel (10%)
It is expected that the base annual salary range for this Chicago based position will be $90,000-$100,000. 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.
