Revenue Manager Jobs in Illinois

Who We Are:

Core Spaces (Core) is more than a real estate company, it’s a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.

What We Do:

Founded in 2010, Core is a vertically integrated real estate investment manager focused on acquiring, developing and managing across the student housing and build-to-rent (“BTR”) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven service. Core’s student housing portfolio includes over 74,440 beds currently owned or managed, with a pipeline of over 53,860 beds in various stages of development. Core’s BTR division has over 3,000 homes under development, now leasing or in its pipeline in high-growth metros nationwide.

Benefits That Matter:

• A culture that provides you with a sense of belonging
• Competitive pay that values your contributions
• Incentives designed to reward your achievements
• Paid flexible PTO to disconnect or celebrate life milestones
• Paid 14+ holidays, including your birthday, to disconnect and celebrate
• Paid Parental Leave that begins after 90 days
• Paid volunteer time off to give back to your community
• Monthly workshop weeks; fewer meetings & more collaboration
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks, including a yearly subscription to a meditation app
• An environment that provides you a voice to share your perspectives
• Employee Assistance Program (EAP) for access to confidential support services
• Company retirement options including 401(k) + matching & Roth account option

Position Overview:

We are seeking a Revenue Manager to join Core Spaces’ Revenue Optimization Team. This role is responsible for managing revenue strategy and performance across an assigned portfolio of communities, with a focus on optimizing rental revenue, occupancy, leasing velocity, and overall financial performance. The Revenue Manager serves as a strategic advisor to Operations, Sales, Asset Management, and community leadership by translating market conditions, leasing performance, pricing data, and portfolio trends into clear recommendations and executable strategies.

This position requires strong analytical judgment, independent decision-making, and the ability to balance competing priorities, including rent growth, occupancy targets, concession usage, market competitiveness, and long-term asset performance. The Revenue Manager is expected to proactively identify risks and opportunities, influence cross-functional stakeholders, and guide pricing and performance decisions that directly impact community and portfolio outcomes.

What You Will Do:

• Own revenue management strategy for an assigned portfolio of communities, including pricing, rent growth, concession planning, lease pace, occupancy performance, and economic occupancy outcomes.
• Develop, recommend, and execute dynamic pricing strategies that support budgeted revenue goals while balancing market competitiveness, leasing velocity, demand trends, and asset-level performance objectives.
• Exercise independent judgment when evaluating pricing decisions, rate changes, concession strategies, and portfolio performance risks; provide clear rationale and recommendations to leadership and cross-functional partners.
• Monitor daily leasing velocity, floor plan performance, exposure, availability, rent positioning, and market conditions to identify opportunities for rate increases, pricing adjustments, or targeted leasing interventions.
• Design, manage, and evaluate concession strategies that accelerate leasing momentum while protecting effective rent, minimizing unnecessary revenue erosion, and supporting long-term financial performance.
• Analyze preleasing performance, occupancy trends, lead generation, conversion ratios, neglected leads, traffic quality, renewal activity, and lease pace to identify performance gaps and recommend corrective actions.
• Track and interpret market supply pipelines, university enrollment trends, capture rates, competitor pricing, renewal behavior, and local demand indicators to anticipate shifts in performance and proactively adjust revenue recommendations.
• Partner with Operations, Sales, Asset Management, Marketing, Technology, and community teams to ensure pricing strategies are understood, aligned, and executed consistently across the assigned portfolio.
• Lead weekly revenue office hours or pricing discussions with community and regional stakeholders, providing guidance on market conditions, pricing decisions, leasing performance, and action plans.
• Prepare and deliver weekly portfolio updates to the Director, Sales and Revenue, including rate changes, concession recommendations, performance risks, strategic opportunities, and key decisions requiring leadership visibility.
• Create monthly revenue and performance reporting that translates complex data into actionable insights for internal stakeholders, ownership partners, and leadership decision-making.
• Collaborate with Technology and internal reporting partners to improve dashboards, CoreIO reporting, data accuracy, automation, and visibility into revenue performance metrics.
• Support forecasting efforts by providing data-driven input on lease pace, rent growth, occupancy, exposure, concessions, and market assumptions for assigned communities.
• Identify process improvements, reporting enhancements, and performance management tools that strengthen revenue strategy, increase consistency, and improve decision-making across the portfolio.
• Serve as a revenue subject matter expert and trusted resource for community teams, helping translate strategy into practical actions that improve leasing execution and financial outcomes.
• Maintain a strong understanding of company policies, revenue standards, operating practices, and compliance expectations while ensuring recommendations align with business objectives and Core Spaces values.
• Occasional travel may be necessary to support portfolio strategy, community performance reviews, team alignment, or business needs.
• Perform all other duties and tasks as assigned by management.

Ideally, You'll Have:

• Bachelor’s degree in Business, Finance, Real Estate, Economics, Data Analytics, Hospitality, or a related field preferred; equivalent relevant experience may be considered.
• 5+ years of progressive professional experience in real estate, revenue management, pricing strategy, asset management, property operations, leasing strategy, or a related analytical business function.
• Demonstrated ability to analyze complex data, identify performance trends, evaluate business risks, and make sound recommendations that influence financial outcomes.
• Strong understanding of real estate fundamentals, including occupancy, rent growth, concessions, exposure, absorption, leasing velocity, effective rent, and market positioning.
• Experience developing or supporting pricing strategies, revenue optimization plans, performance reporting, forecasting, or portfolio-level business recommendations.
• Ability to exercise discretion and independent judgment on matters of significance, including pricing recommendations, concession strategy, revenue risk identification, and portfolio performance planning.
• Strong communication and presentation skills, with the ability to explain complex data and strategic recommendations to stakeholders at varying levels of the organization.
• Proven ability to influence cross-functional partners, build alignment, and drive execution without direct reporting authority.
• High attention to detail and commitment to data accuracy, reporting integrity, and timely follow-through.
• Ability to manage multiple priorities, meet deadlines, and operate effectively in a fast-paced, performance-driven environment.
• Proficiency with Microsoft Office; experience with property management systems, revenue management tools, dashboards, or business intelligence platforms preferred.
• Demonstrated integrity, sound judgment, ownership mentality, and respect for others in all business interactions.

You'll crush it if you have experience with:

• Student housing, build-to-rent, multifamily, or other residential real estate asset classes.
• Revenue management, pricing strategy, leasing analytics, asset performance, or portfolio performance management.
• Entrata, CoreIO, business intelligence tools, pricing dashboards, or other property management and reporting platforms.
• Presenting revenue performance, market insights, pricing recommendations, or strategic action plans to senior leaders or ownership stakeholders.
• Supporting lease-up, stabilized, or high-velocity leasing environments where pricing, occupancy, and concession decisions have significant financial impact.
• Building scalable reporting processes, dashboards, templates, or tools that improve consistency and decision-making.
• Working in a highly collaborative, cross-functional environment with Operations, Sales, Marketing, Asset Management, Technology, and community teams.

Organizational Structure

Reports to: Director, Revenue
Direct Reports: N/A
Functional Leadership: Provides revenue strategy guidance and portfolio-level direction to community and regional stakeholders within assigned portfolio.

Disclaimer:

Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.

Pay Range: USD $75,000.00 - USD $85,000.00 /Yr.

Additional Compensation: Employees may be eligible for discretionary bonuses, typically 15% of base salary annually, depending on individual and organizational performance.

Compensation Disclosure:

The compensation range listed reflects the base salary or hourly rate that we reasonably and in good faith expect to offer for this role at the time of posting. Actual compensation may vary based on factors such as education, experience, skills, certifications, seniority, geographic location, and business needs.

This role may be eligible for additional forms of compensation, including bonuses, commissions, stipends, or non-cash incentives, depending on position and performance. Benefits may include health insurance, retirement plans, paid time off, and other role-based offerings, subject to eligibility requirements.

All compensation components are subject to change based on business needs or market conditions.