Principal, Multifamily Development

InforCapital; Los Angeles, Northern (CA, KY); Hybrid; USD 250,000 - 450,000; Full time

Job summary

Ares Management is seeking a Principal for its Multifamily Development platform in Los Angeles, CA. The regional head will drive deal flow, structure, and execution, while guiding the Southern California market office.

Candidates should have 10+ years in multifamily development, strong financial modeling, and proven leadership to grow market capabilities and financial performance in a top US market.

Qualifications

• 10+ years of multifamily real estate development experience.
• Strong financial modeling and underwriting capabilities.
• Fluency with capital stack structures and investment returns analysis.
• Familiarity with architectural, engineering, and construction processes in multifamily development.

Responsibilities

• Source and evaluate multifamily development opportunities in Southern California.
• Negotiate transactions from LOI through closing and present deals to Investment Committee.
• Manage the full pursuit process and oversee budgets and quarterly forecasting.
• Lead and mentor the local market office team and drive performance.
• Coordinate investor/analyst tours and represent the firm in the Southern California real estate community.

Skills

Real estate development

Financial modeling

Underwriting

Capital stack analysis

Leadership

Tools

Excel

Job description

LocationLos Angeles, United States## About This RoleAres Management, a global alternative investment manager with approximately $400 billion in assets under management, is seeking a Principal for its Multifamily Development platform in Los Angeles, California. This senior-level Market Leader will serve as the regional head for the Southern California market, with direct responsibility for the financial performance of the market office.The Principal will lead all aspects of multifamily development deal flow in Southern California. This includes sourcing and evaluating development opportunities that align with Ares's strategic and financial criteria, negotiating transactions from Letter of Intent through closing, and presenting deals to the firm's Investment Committee. The role requires deep market relationships with brokers, owners, and development partners, as well as the ability to structure and underwrite complex capital stacks across multifamily assets.Key responsibilities include managing the full pursuit process for development deals, overseeing annual operating budgets and quarterly forecasting, and leading and mentoring the local market office team. The Principal will also arrange investor and analyst tours of target markets and existing portfolio assets, and will represent Ares externally within the Southern California real estate community.Candidates should bring 10 or more years of multifamily real estate development experience, with a demonstrated track record of sourcing and closing development transactions. Strong financial modeling and underwriting capabilities are required, including fluency with capital stack structures and investment returns analysis. Familiarity with architectural, engineering, and construction processes relevant to multifamily development is expected. The ideal candidate is a proven team leader capable of growing the market office capability and driving financial performance in one of the most active multifamily markets in the United States.