Associate, U.S. Real Estate Equity

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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 Ares Real Estate Equity Our real estate equity team, with over 310 investment professionals and over 385 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. As of December 31, 2025, our real estate equity team managed approximately $90 billion of AUM in over 80 investment vehicles. Strategies Real Estate Core/Core-Plus: Our U.S. core/core-plus real estate strategy focuses on the acquisition of assets with strong long-term cash flow potential and durable tenancy diversified across end-user industries and geographies. We deploy capital across all major property types, with a strong focus on industrial and multifamily assets located in top-tier primary and regional distribution markets across the U.S. Real Estate Value-Add: Our U.S. value-add real estate strategy focuses on undermanaged and underfunded income-producing assets across various property sectors in the U.S. The strategy seeks to create value and generate stable and growing distributions to investors by buying properties at attractive valuations, implementing asset management initiatives to increase income, and identifying multiple exit strategies upfront. Real Estate Opportunistic : Our U.S. opportunistic real estate strategy capitalizes on increased investor demand for developed and stabilized assets by focusing on the repositioning of assets, capitalization of distressed and special situations, and risk-mitigated developments across all major property types, as well as select and adjacent sectors, across 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 the 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 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 esta

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