Associate, Real Estate Equity

Job Description 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. Ares Real Estate Equity Our real estate equity team, with over 320 investment professionals and over 375 operating professionals, has extensive real estate private equity experience globally. Our team primarily acquires standing assets and improves them through renovating, repositioning, and re‑tenanting and selectively developing assets in supply‑constrained markets. We focus on three strategies: core/core‑plus, value‑add, and opportunistic, each with a distinct investment approach across industrial, multifamily, office, retail, hotel, and adjacent sectors in the U.S. Position Summary This position will be a key member of Ares’ real estate private equity team. The Associate will assist in assessing real estate investments for our diversified real estate investment funds, including the acquisition and development of industrial, multifamily, office, retail, hotel, and adjacent property sectors throughout key markets in the United States. The Associate will be primarily responsible for underwriting and financially analyzing each opportunity, as well as performing property and market due diligence and playing an active role in asset management and sale of the Fund’s investments. We are seeking someone who understands the importance of the technical skills relative to underwriting and asset analysis but will also eventually be able to take a front seat in sourcing new deals and building/maintaining relationships within the real estate industry across various markets. Essential Duties Create detailed and complex financial underwriting models for the acquisition and development of real estate investments across the risk spectrum. Perform asset‑level and market‑level due diligence. Develop a thorough understanding of a deal’s capital structure and business plan and key risks to performance through discussions with sponsors, market participants and investment professionals. Understand physical characteristics of properties, and the related competitive advantages and disadvantages. Understand and critically evaluate the existing and potential operating characteristics of a project (revenue, expenses, capital expenditures, tenant credit, leases). Identify a project’s demand drivers; gather market information through independent field work and direct contact with brokers, appraisers, and developers. Synthesize information and draw a conclusion on future market rent, absorption, vacancy, and liquidity in the investment market. Critically assess the execution ability of the development team for a project. Communicate conclusions into a comprehensive narrative to be presented to senior management for consideration and approval. Participate in underwriting and investment committee discussions. Participate in and provide support for the ongoing asset management of each investment, including financing and refinancing, major asset‑level decisions, and the eventual sale of each property. Review legal documentation in concert with team and counsel throughout the negotiation process. Required Knowledge, Skills and Abilities Bachelor’s Degree or international equivalent in Business, Finance, Real Estate, or related field with exceptional academic credentials. 2–4 years of finance experience. Previous experience in real estate investment banking or real estate private equity preferred. High level of expertise in Excel; ARGUS proficiency helpful but not required. Self‑motivated and driven; ability to work effectively in a collegial, fast‑moving, demanding, and dynamic environment. Willingness and ability to travel required. Expertise in PowerPoint. Creative problem solver. Excellent communication skills. Strong interpersonal skills. Attention to detail. Impeccable integrity and trustworthiness. Reporting Relationships Vice President, Real Estate Equity Compensation The anticipated base salary range for this position is $155,000.00 – $175,000.00. Total compensation may also include a discretionary performance‑based bonus. Benefits Ares U.S. Core benefits include comprehensive medical, dental and vision plans; a 401(k) program with company match; flexible savings accounts (FSA); health‑care savings accounts (HSA) with company contribution; basic and voluntary life insurance; long‑term and short‑term disability insurance; employee assistance program; and commuter benefits for parking and transit. Additional benefits include access to a world‑class medical advisory team, a mental health app with coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit with a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and more. Equal Employment Opportunity 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, 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 Ares Management Corporation