Associate, Real Estate Equity

Job Description

• Areal Estate Equity
• Real Estate Core/Core-Plus: Focuses on acquiring assets with strong long-term cash flow potential and durable tenancy.
• Real Estate Value-Add: Seeks to create value and generate stable and growing distributions to investors by buying properties at attractive valuations, implementing asset management initiatives, and identifying multiple exit strategies.
• Real Estate Opportunistic: Focuses on repositioning assets, capitalizing on distressed and special situations, and developing assets across various property sectors.

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 the asset management and sale of the Fund’s investments.

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 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.

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. 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.

Benefits

• 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).
• Commuter Benefits plan for parking and transit.
• Access to a world-class medical advisory team.
• Mental health app that includes coaching, therapy and psychiatry.
• 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.