Analyst, Real Estate Secondaries

Key Responsibilities

• Evaluate real estate secondary investment opportunities through detailed due diligence, market research, benchmarking, and financial modeling.
• Conduct quantitative and qualitative analysis of real estate limited partnership interests, GP-led transactions, continuation vehicles, and underlying real estate assets and portfolios.
• Analyze property-level and fund-level performance across a variety of sectors, including multifamily, industrial, office, retail, hospitality, self-storage, data centers, and other real estate asset classes.
• Help prepare and present investment recommendations to investment committees and the broader investment team.
• Support the investment team in transaction execution, portfolio monitoring, asset management oversight, and ongoing valuation analysis of existing investments.
• Build industry relationships by engaging with real estate fund sponsors, operating partners, advisors, consultants, and attending industry conferences and sponsor meetings.

Education / Experience Required

• 1–3 years of experience in real estate secondaries, real estate private equity, investment banking, principal investing, or other real estate-focused investment roles.
• Strong academic record demonstrated leadership abilities, and excellent communication and relationship-building skills.
• Advanced financial analysis, valuation, and modeling capabilities, including property-level cash flow modeling, DCF analysis, NAV analysis, portfolio valuations, and fund waterfall structures.
• Familiarity with real estate investment concepts, transaction structures, and market dynamics across private real estate funds and direct property investments.
• Ability to work independently and thrive in collaborative, fast-paced deal teams.

Compensation

The anticipated base salary range for this position is $105,000.00 - $135,000.00. Total compensation may also include a discretionary performance-based bonus. The firm also offers robust Benefits offerings, including 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.