Associate, Real Estate Secondaries

aresmgmt; 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) program with company match

FSA

HSA with company contribution

Life Insurance

Long-Term Disability

Short-Term Disability

Employee Assistance Program

Commuter Benefits plan for parking and

Access to world-class medical advisory

Mental health app with coaching

Mindfulness and wellbeing app

Financial wellness benefit with a_fin}

New parent leave

Reproductive and adoption assistance

Emergency backup care

Matching gift program

Education sponsorship program

Job summary

Ares Secondaries is seeking an Associate to join the Real Estate Secondaries Investment Team in Boston. You will evaluate opportunities, conduct thorough due diligence, and build strong relationships with sponsors and teams to drive successful investments.

The role requires 2–4 years in related investment roles, strong academic background, and advanced financial modeling skills, including DCF and NAV analysis. Boston office location offers collaborative deal teams and growth.

Qualifications

• 2–4 years of experience in real estate secondaries or related investment roles.
• Strong academic record; leadership abilities and strong communication/relationship skills.
• Advanced financial analysis and modeling capabilities including property-level cash flow, DCF, NAV and portfolio valuations.

Responsibilities

• Evaluate real estate secondary investment opportunities through due diligence, market research, benchmarking, and financial modeling.
• Analyze property-level and fund-level performance across multifamily, industrial, office, retail, hospitality, self-storage, data centers and other asset classes.
• Prepare and present investment recommendations to investment committees and the broader team.
• Support transaction execution, portfolio monitoring, asset management oversight, and ongoing valuation analysis of investments.
• Build relationships with real estate fund sponsors, operating partners, advisors, consultants, and attend industry conferences.

Skills

Real estate secondaries

Financial analysis

DCF analysis

NAV analysis

Portfolio valuations

Fund waterfall structures

Independent work

Education

Strong academic record

Tools

Excel

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.

Reporting Relationships

Managing Director, Secondaries

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

The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include 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.

• 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)
• Short-Term Disability (STD) insurance
• Employee Assistance Program (EAP)
• 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.

• 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
• much more

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.