Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.
With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. 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 1,050 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.
This role is in office Monday to Thursday/Friday.
The Role:
Blue Owl's Net Lease Real Estate Investment team is seeking a Vice President / Principal to join the Real Estate Due Diligence and Closings team. The ideal candidate will have at least 7-10 years’ experience managing commercial real estate acquisitions. This position will require no financial analysis or modeling.
Since its inception, our Real Estate 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:
Review and evaluate commercial leases with fluency, identifying off-market or problematic terms and ways to mitigate related risks.
Without direction or oversight, manage due diligence process and deadlines across multiple deals, from the time a term sheet is signed until closing of escrow.
Identify all tasks that need to be completed for each deal, and delegate as appropriate, overseeing analysts/associates and remaining accountable for successful completion.
Review or oversee analysts in their review of environmental Phase I’s and Property Condition Assessments. Make determinations as to acceptable risk levels using sound judgment.
Review and analyze legal due diligence issues raised by outside counsel and make determinations as to acceptable risk levels using sound judgment.
Review or oversee analysts in their review of property operating statements.
Manage external construction consultants on built-to-suit transactions throughout underwriting/due diligence process. Review budgets, schedule, and other construction-related reports and make conclusions as to project feasibility.
Review closing settlement statements.
Follow up with any parties as needed to drive a transaction to timely close.
Review closing settlement statement prepared by analysts and title company.
Field questions from other internal teams related to active or closed deals.
Additional projects or support to the team as needed.
Qualifications:
7-10 years’ experience managing commercial real estate acquisitions.
Significant experience with all property-level due diligence issues, including engineering, environmental, title, survey, zoning matters.
Significant experience with development projects (e.g. built-to-suit transactions).
Ability to fluently understand legal and commercial issues and make sound decisions during deal negotiations.
Ability to work without oversight and confidently exercise business judgment as to issues that arise during a commercial real estate deal.
Ability to manage multiple transactions simultaneously, handling multiple competing urgent deadlines.
As this role will oversee the work of analysts and associates on certain transactions, some management experience is required.
Works with a sense of urgency as to all matters.
Exceptional organizational skills and attention to detail.
Availability outside of standard business hours (evenings and weekends) to meet transaction demands.
Ability to travel.
Bachelor’s degree required.
It is expected that the base annual salary range for this Chicago based position will be $150,000 to $200,000. 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.
