Associate, U.S. Real Estate Equity

Ares Operations•Los Angeles, CA

17h•Hybrid

About The Position

Ares Real Estate Equity is seeking an Associate to join their private equity team. This role will be instrumental in evaluating real estate investments for diversified real estate investment funds, focusing on the acquisition and development of various property types across the United States. The Associate will be responsible for underwriting, financial analysis, property and market due diligence, and will actively participate in asset management and the sale of fund investments. The ideal candidate will possess strong technical skills in underwriting and asset analysis, with the potential to grow into sourcing new deals and building industry relationships.

Requirements

Bachelor’s Degree or international equivalent in Business, Finance, Real Estate, or related field with exceptional academic credentials.
2-4 years of finance experience.
High level of expertise in Excel.
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.

Nice To Haves

Previous experience in real estate investment banking or real estate private equity preferred.
ARGUS proficiency helpful but not required.

Responsibilities

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.