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Asset Manager (Chicago)
Asset Manager (Chicago)Timber Hill Group • Chicago, Illinois, US
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Asset Manager (Chicago)

Asset Manager (Chicago)

Timber Hill Group • Chicago, Illinois, US
1 day ago
Job type
  • Part-time
Job description

Asset Manager

COMPANY :

Timber Hill Group LLC (THG). For more information, please visit our website at www.timberhillgroup.com.

OVERVIEW :

We are a real estate acquisition company that is dedicated to building wealth and creating legacies. Our niche is creating value in logistic centric real estate and relationships. We have developed a system that handles all aspects of real estate opportunities in partnership with our investors, tenants, vendors, and clients. With a heavy focus on Industrial, and a narrower focus on industrial outdoor storage (IOS), managed truck parking, and industrial service facilities (ISF) opportunities, Timber Hill Group is seeking value-add, opportunistic and core-plus investments.

CORE VALUES - WHAT WE LIVE BY :

It is important to have all Timber Hill Group team members assess their job and decisions using our common core values as a guide. Timber Hill's core values are listed and described below.

BE A PROFESSIONAL

o We like to view ourselves as a professional ball club. Must practice, outhustle, and outperform the competition.

BE TRANSPARENT

o Use the truth as a tool.

PLAY AS A GREAT TEAMMATE

o Follow the golden rule.

ILLUSTRATE DISCIPLINED SELF MANAGEMENT

o Hard work leads to success, builds character, is contagious, and is rewarding.

ENJOY THE WORK. HAVE FUN!

o Your time is important. Love what you do.

RELENTLESS DRIVE TO SUCCEED

o Never settle. Approach every challenge with determination, grit, and an unwavering commitment to excellence.

Position Summary :

The Asset Manager is responsible for executing the business plan and maximizing the performance of a portfolio of industrial properties, including IOS, truck parking, and ISF assets. This role oversees leasing, financial performance, capital improvements, and disposition strategies, ensuring that each property achieves or exceeds targeted returns. The Asset Manager works closely with internal teams, operations partners, leasing brokers, and capital partners to drive value creation through proactive management, strategic decision-making, and disciplined execution.

The ideal candidate combines strong financial acumen with operational insight, is highly organized, and demonstrates the ability to think both strategically and analytically in a fast-paced, entrepreneurial environment.

The Asset Manager reports to the Chief Operating Officer.

Key Responsibilities :

Portfolio Oversight & Market Presence

  • Oversee the financial and operational performance of portfolio assets, ensuring each property meets or exceeds targeted business plan objectives.
  • Maintain a strong presence in Timber Hill's core and emerging markets.
  • Actively participate in industry events, conferences, and local market networking opportunities to strengthen THG's brand and market relationships.
  • Develop and execute value-add and leasing strategies for assets across the portfolio.
  • Coordinate with strategic partners to ensure efficient daily operations and tenant satisfaction.
  • Evaluate capital needs and oversee capital expenditure planning and execution
  • Prepare annual business plans and quarterly reforecasts for each property.

Financial Management & Reporting

  • Review and analyze monthly financial statements, rent rolls, and operating reports.
  • Track and report on key performance indicators (NOI, IRR, occupancy, rent growth, etc.).
  • Prepare investor and ownership reporting packages, including variance analyses and commentary.
  • Partner with accounting to ensure accuracy of budgets, accruals, and cash flow forecasts.
  • Leasing & Market Strategy

  • Work with leasing brokers and internal teams to drive leasing velocity and optimize tenant mix.
  • Approve leasing proposals and support lease negotiations consistent with ownership goals.
  • Monitor competitive market conditions and update pricing assumptions as needed.
  • Collaborate with marketing and leasing partners to position assets effectively within the market.
  • Property Operations & Tenant Relations

  • Provide oversight of day-to-day property operations in collaboration with Property Managers.
  • Ensure assets are maintained to the highest operational and safety standards.
  • Establish and monitor preventive maintenance programs and capital improvements.
  • Oversee tenant relations by ensuring a professional, proactive, and solutions-oriented approach to communication and service.
  • Review tenant performance, lease compliance, and renewal opportunities to enhance retention and stability.
  • Transaction Management

  • Support acquisition underwriting and due diligence for new investments, providing input on operating assumptions and post-closing strategies.
  • Participate in refinancing processes and assist in evaluating disposition opportunities.
  • Oversee preparation of hold / sell analyses and recommend strategies to maximize returns.
  • Investor & Partner Relations

  • Serve as a point of contact for investors, lenders, and joint venture partners regarding asset performance.
  • Deliver high-quality, transparent communications and presentations on portfolio activity and performance.
  • Ensure all reporting obligations to capital partners are met timely and accurately.
  • Strategic Planning

  • Identify opportunities for revenue growth, expense optimization, and capital enhancement.
  • Contribute to long-term portfolio planning, including acquisition / disposition pipelines and market expansion strategies.
  • Provide market intelligence and performance feedback to guide firmwide investment strategy.
  • Qualifications :

    Bachelor's degree in real estate, finance, business administration, or a related field (MBA or MSRE preferred).

    58 years of experience in asset management or related roles in commercial or industrial real estate.

    Strong financial modeling and analytical skills, including proficiency with Excel and ARGUS (preferred).

    Deep understanding of industrial real estate markets, particularly IOS and ISF assets.

    Proven experience managing third-party property managers and leasing teams.

    Exceptional organizational, communication, and presentation skills.

    Ability to think strategically, act decisively, and execute business plans efficiently.

    Familiarity with real estate financing, joint venture structures, and capital markets.

    Team-oriented mindset aligned with Timber Hill's core values.

    COMPENSATION : Market, dependent on level of experience. The compensation package includes salary and incentive bonuses. In addition, the position includes an attractive benefits package including health insurance, vision coverage, and 401k (after vesting period)

    LOCATION : 8770 W Bryn Mawr Avenue, Suite 1350, Chicago, IL 60631 (near I-90 and Cumberland)

    CONTACT : For more information, please contact Ryan Battistoni, Partner, Rbattistoni@timberhillgroup.com

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