Associate, Real Estate Secondaries

Ares Management Corporation; Boston (MA); On-site; USD 160,000 - 175,000; Full time

Benefits offered by this job

Comprehensive Medical/Rx

Dental and Vision plans

401(k) with company match

FSA

HSA with company contribution

Life Insurance (basic/voluntary)

Disability insurance

EAP

Commuter Benefits

Wellbeing programs

Education sponsorship

Job summary

Ares Management Corporation's Boston-based Real Estate Secondaries team seeks an Associate to evaluate and source real estate secondary opportunities. You will conduct due diligence, build financial models, and present investment ideas to the team and committees.

The role requires 2–4 years in real estate secondary or related roles, strong communication skills, and the ability to thrive in fast-paced deal environments. Competitive compensation and comprehensive benefits are offered.

Qualifications

• Strong academic record demonstrated leadership abilities and excellent communication and relationship-building skills.

Responsibilities

• Evaluate real estate secondary investment opportunities through due diligence, market research, benchmarking, and financial modeling.
• Conduct quantitative and qualitative analysis of real estate LP interests, GP-led transactions, continuation vehicles, and underlying assets.
• Analyze property- and fund-level performance across multifamily, industrial, office, retail, hospitality, self-storage, data centers, and other real estate assets.
• Prepare and present investment recommendations to investment committees and the broader team.
• Support investment team in transaction execution, portfolio monitoring, asset management oversight, and valuation of existing investments.
• Build industry relationships with fund sponsors, operating partners, advisors, and attend industry conferences.

Skills

Financial analysis

Communication

Relationship-building

Leadership

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.

Job Description

Ares Secondaries has pioneered and innovated within secondary markets across three decades and a range of alternative asset classes, including private equity, real estate, infrastructure, and credit. Over the course of our 30-year history in this space, we have invested across thousands of partnership interests, driving highly differentiated and proprietary transactions through our deeply established relationships with institutional investors, fund sponsors, and market advisors. Today, Ares Secondaries has more than 150 professionals across six offices in New York, Boston, Dallas, London, Hong Kong, and West Hartford, Connecticut. Ares Secondaries is a market leader across GP-led, LP-led, and preferred equity structured transactions. As the team continues to grow, the firm is currently looking to hire an Associate to join our Real Estate Secondaries Investment Team in our Boston office.

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.
• 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

• 2–4 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 listed below. 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.

$160,000.00 - $175,000.00

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
• 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

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, status regarding public assistance, military or veteran status, domestic violence victim status, 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.

As of June 30, 2026, Ares Management's global platform had approximately $671 billion of assets under management(1) with more than 4,400 employees operating across North America, South America, Europe, Asia Pacific and the Middle East.

For more information, please visit www.aresmgmt.com.