Principal, Multifamily Development
Company: Ares Operations
Location: Los Angeles
Posted on: April 1, 2026
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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 Position Summary This Market Leader will
be a regional leader for ARES’ multifamily development platform.
This Market Leader will ultimately be responsible for the financial
performance of the Southern California market. This will be
achieved through identification, closing and execution of
development deals. We are seeking an accomplished, knowledgeable,
and dynamic individual to provide strategic leadership and
management (both direct and indirect) to all talent within the
market office. Essential Position Duties Source and evaluate the
feasibility of development opportunities that are consistent with
ARES strategic, asset and financial criteria. Close development
deals consistent with financial goals. Manage and cultivate broker,
owner, and customer relationships. Directly source and manage the
pursuit process and direct key work activities for support staff.
Negotiate with buyers/sellers from Letter of Intent through closing
of transaction. Arrange and conduct both market and portfolio tours
for investors/analysts. Present transactions to Investment
Committee. Oversee the preparation of annual operating budgets and
quarterly forecasting efforts. Recruit, lead, and mentor the market
office team. Interact with and establish strong partnerships with
key internal stakeholders. Represent the Company effectively with
key shareholders, analysts, etc. brokers and the local market real
estate community. Qualifications 10 years of relevant multifamily
real estate development industry experience. Extensive proven
record of sourcing and closing development deals. Thorough
capability of executing multifamily purchase and sale agreements,
general real estate legal documents and entitlements.
Well-developed relationships within target markets and the ability
and desire to create new relationships. Extensive knowledge of key
target markets. Prepares and presents detailed financial analyses
and market reports to evaluate transactions. Financial underwriting
acumen and understanding of capital stack. Working knowledge of
architectural, engineering and construction processes. Familiarity
with a wide range of multi-family designs and construction methods.
Proven leader of a team. Effective at growing the capability of
others and leveraging resources to increase the market office’s
financial performance. Strong financial and analytical acumen.
Excellent written and communication skills and demonstrated
leadership capabilities. Strong presentation skills at the
Investment Committee and customer levels. Willingness and ability
to travel. Bachelor’s degree. Reporting Relationships 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. $250,000.00 - $250,000.00 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. 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. 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.
Keywords: Ares Operations, Vista , Principal, Multifamily Development, Accounting, Auditing , Los Angeles, California
