Associate, Real Estate Asset Management (Office & Retail)

Position Summary This Associate will be primarily taking on asset management responsibilities for multi‑tenant office and shopping center properties within the AREIT portfolio. Responsibilities include supporting the oversight of the day‑to‑day operations of each assigned asset including property operating and capital expenses, third‑party providers, accounts receivable, lease provisions, financial analysis, and general support of senior asset management personnel. Such responsibilities directly affect key operations of the business. Additional work will involve the strategic plan and operations of these asset types in closed‑end vehicles with JV relationships and REO assets. Essential Duties Perform valuation and sensitivity analysis (Argus and Excel) and recommendations for potential leasing transactions and redevelopment/repositioning opportunities. Review, audit and summarize third‑party appraisal reports. Work with asset management personnel to ensure all leases are financially structured to maximize profitability for monthly GAV models while minimizing risk through financial modeling and analysis relative to underwriting, budget and market conditions. Partner with senior asset management team members on day‑to‑day operations and leasing execution, with primary focus on Office & Retail equity assets and flexibility to support JV relationships and debt REO assets as portfolio needs evolve. Leverage AI tools to automate recurring workflows and improve the accuracy, timeliness and consistency of reporting, analysis and operational processes. Ensure accurate and timely submittal of management reporting on the portfolio: review of monthly third‑party reports as well as assisting in the compilation of internal asset management portfolio reports and valuations. Conduct research and compile market data and industry commentary to support sector‑level insights and strategic decision‑making. Execute the annual budget process, including preparation and completion of annual business plans, related revenue and expense budgets, marketing plans, and valuation models. Analyze financial performance, identifying opportunities to increase revenue and optimize expenses and capital expenditures. Travel to property sites approximately 20% of the time to support operational oversight and strategic initiatives. Assist the disposition and acquisition team on the sale of assets, including valuations, due diligence tasks and collection of any documents pertinent to the sale. Professionally represent Ares to the broader real‑estate community (e.g., brokers, property managers, contractors and other service providers). Effectively balance competing priorities, working on multiple deals and/or projects simultaneously while managing expectations with stakeholders. Required Knowledge, Skills and Abilities Bachelor’s degree with undergraduate coursework in business, finance, accounting; strong understanding of real estate finance principles. Demonstrates strong collaboration skills and a commitment to team success, fostering a positive and inclusive work environment. 2‑4 years applicable work experience preferred. Financial background in real estate or finance preferred. Office or retail real estate experience preferred. Proficiency in Argus Enterprise; Argus certification a plus. Proficiency in Excel including lookups, index match, pivot tables. Outstanding academic credentials. Ability to comprehend, analyze, interpret and create real estate documents including, but not limited to, LOIs, RFPs, property offering memorandums, market reports and tenant leases. Excellent written and communication skills. Advanced PowerPoint and Word skills preferred. Willingness and ability to travel as needed. Reporting Relationships Principal, Real Estate Equity. Compensation Anticipated base salary range: $100,000.00 – $125,000.00. Total compensation may also include a discretionary performance‑based bonus. Benefits Comprehensive benefits including medical, dental and vision plans; 401(k) with company match; flexible savings accounts (FSA); health savings accounts (HSA) with company contribution; basic and voluntary life insurance; long‑term and short‑term disability insurance; employee assistance program; commuter benefits. Additional benefits include access to a world‑class medical advisory team, mental health app (coaching, therapy, psychiatry), mindfulness and wellbeing app, financial wellness benefit (financial advisor), new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and more. Equal Employment Opportunity and Fair Chance Hiring Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law. Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance. #J-18808-Ljbffr Dormont Manufacturing Co