Senior Asset Management (Real Estate Funds) Associate

Ropes & Gray LLP; Chicago (IL); On-site; USD 180,000 - 240,000; Full time

Job summary

Ropes & Gray LLP in Chicago seeks an associate focused on structuring, formation, and management of real estate fund products to advise sponsors and investors.

You will lead fundraising teams, coordinate fund closings, perform due diligence, draft and negotiate offering documents, and advise on regulatory and investor communications across practice groups.

Qualifications

• Duties include leading fundraising teams for real estate funds.
• Draft, review and negotiate fund documents and side letters.
• Collaborate with tax, real estate, finance and regulatory groups.

Responsibilities

• Lead teams during fundraising processes for real estate funds.
• Coordinate fund closings and support due diligence for acquisitions.
• Draft, review and negotiate offering documents, partnership and co-investment docs.
• Perform legal research and monitor regulatory requirements affecting funds.
• Mentor junior team members and assist partners with client relations.
• Ensure responsible use of AI to enhance research and document review.

Skills

Fundraising leadership

Team supervision

Legal research

Job description

Overview

• The practice focuses on advising on the structuring, formation, and management of open-end and closed-end real estate fund products, including co-investment vehicles and other real estate investment products.
• The role involves representing real estate fund sponsors and investors in legal, regulatory, and transactional matters.
• Key duties include leading teams during fundraising processes for real estate funds, coordinating fund closings, and supporting due diligence for real estate acquisitions and investments.
• The associate drafts, reviews, and negotiates fund offering documents, partnership agreements, side letters, co-investment vehicle documents, disclosure documents, and investor communications.
• The position requires conducting legal research, analyzing and monitoring regulatory requirements affecting real estate funds, and identifying and resolving legal issues related to fund operations and investor relations.
• This role involves collaborating with colleagues in tax, real estate, finance, and regulatory practices, supervising junior team members, and assisting partners with client relationship maintenance.
• The position expects the responsible and ethical use of AI technologies to enhance legal research and document review.