Analyst, Real Estate Equity

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 is a publicly traded, global alternative investment manager with approximately $670 billion of assets under management, with over 4,400 employees as of 30th June 2026. Ares is headquartered in Los Angeles with professionals located across the United States, Europe and Asia and invests across the capital structure. The Ares Real Assets group comprises over $109.5 billion of real assets under management across over 555 investments globally with over 700 investment professionals operating from over 44 offices globally (as of 30th September 2025).

Ares is seeking an Analyst to join our European Real Estate Equity team in Madrid. The Analyst will be responsible for helping to evaluate, execute and manage a wide variety of equity investment opportunities, primarily covering the Iberian market (with exposure to other European geographies). The Analyst will be fully involved in all aspects of the investment process, with particular focus on financial modelling, preparation of investment committee materials and investment recommendations, market research, the management of new and existing investments, and interactions with investors.

Primary functions and essential responsibilities

The Analyst will be an important member of the team and will work closely with senior investment professionals. Key job functions include:

• Collaborate on a small deal team to analyse and execute real estate equity investments;

• Communicate with and report to all levels, from Associate to Partners;

• Perform extensive financial modelling;

• Prepare investment committee materials;

• Develop and maintain research on certain geographic markets, property types and/or sectors;

• Participate in all aspects of investment transactions, as requested by team members:

  • Deal screening and financial modelling;

  • Support in formulating investment recommendations, including involvement in the preparation of investment committee and other investor materials (memos, responses to investor requests, ad hoc analysis);

  • Due diligence on new transactions;

  • Strategic oversight, monitoring, reporting and management of new and existing investments

  • Interaction with counterparties, lenders, investors, lawyers, consultants and various other advisors and deal participants

• Support the Asset Management team in driving value creation, monitoring performance, and executing business plans across a diversified portfolio spanning multiple asset classes. This includes acquisitions onboarding, ongoing asset oversight, financing and refinancing processes, and exit execution.

Qualifications

Education:

• University Degree with strong performance from a top undergraduate institution

Experience Required:

• 1 - 3 years of relevant experience in investment banking, real estate private equity, or real estate advisory (focused on private equity)

• Strong financial analysis, modelling and valuation skills

• Writing, communication and presentation skills. Able to summarize thoughts concisely and effectively communicate both internally and externally

• Experience in evaluating real estate equity investments and relevant transactional experience

• Expert in Excel and Powerpoint; familiar with and able to use AI to support process efficiencies and investment decisions

• Talent for managing multiple projects simultaneously

• Ability to quickly and efficiently perform tasks, maintaining a focus on details

• Ability to perform market and comps analysis and engage with site tours, brokers and market experts

• Ability to assess qualitative and quantitative characteristics of properties and/or investments

General Requirements:

• Highly ethical, team oriented and driven to maximize performance both within the group and across the firm

• Keen sense of accountability, responsiveness, and follow-through

• Strong analytical ability

• Ability to handle projects with minimal training or oversight

• Excellent organizational skills

• Highly adaptable, with flexibility on depth and breadth of role and responsibilities

• Fluency in Spanish and English.

Reporting Relationships

Principal, Real Estate Equity

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.