Associate, Real Estate Asset Management (Office & Retail)

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry. Job Description Position Summary This Associate will be primarily taking on asset management responsibilities for multi-tenant office and shopping center properties within the AREIT (Ares Real Estate Investment Trust) 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 the key operations of the business. There will likely be additional work helping with the strategic plan and operations of these asset types in closed-end vehicles with JV relationships in addition to 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 the 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 the preparation and completion of annual business plans and 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. Responsible for assisting the disposition and acquisition team on the sale of assets, including valuations of the assets, 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 balances 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; with a 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 Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role. $100,000.00 - $125,000.00 The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit. Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more. There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active. Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2026, Ares Management's global platform had approximately $644 billion of assets under management(1) with more than 4,400 employees operating across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit 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. (1) As of March 31, 2026. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.