Ares Real Estate Debt
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Career Resources
also interested. Also is the whole real estate team based in NY or do they have some people in the LA headquarters too?
They have a team on the West Coast as well. My experiences with Jim Mosier have been very positive. The shop is very similar to TPG in that they primarily focus on larger value-add deals in the L+300 range (CLO style executions). However I discovered not too long ago that they also do some mezzanine lending behind construction loans.
As a side note to people with questions regarding what many of these debt funds focus on, I would suggest researching the CMA. Per CMA about ARES: Investment manager operates a REIT, private funds and separate accounts. Provides capital at all levels. Lends nationwide on all property types, including land. Also funds construction. Has issued CLOs. Size ($Mil.): 20-200 Max LTV: 80-90% Term: 2-10 years Rate type: Fixed/floating
However I would take everything on there with a grain of salt since the response I got from them personally in regards to mezz was the following: *We selectively look at subordinate positions in construction financing. Typically minimum position of $15mm and would want to detach at 80% for multi’s and a lower level for anything else. *
culture is straight up brutal and reckless. they will pay you well thought
How much are we talking for analyst positions? I imagine something like 85k base and 25-35% bonus?
that would be accurate
Care to elaborate? Curious as to brutal in what sense: long hours, cutthroat, bad investment process, etc. Feel free to PM me. Really appreciate it
Brutal as in MD's and management treat their juniors like slaves. It is similar to IB in that regard, but you are paid less and work the same hours. It is a cutthroat environment where you will be thrown under the bus at any moment and your hard work will not be noticed. Like I mentioned above, a lot of office politics at that shop and if you're not in the "in" group, you will have a terrbile time.
Investment process is fine as they get deals done, it's just the overall culture that is toxic.
also interested.
Take this with a grain of salt, as this is what I heard a few years back so it may be outdated, but I heard that associates/VPs/etc generally report to 1 MD/partner (you're his/her guy) unlike some other firms where the teams rotate based on deal. You could theoretically be staffed under a reasonable one, it's pretty unlikely that all of them are brutal to work for
Black sheep of the firm. Brutal hours, no recognition, most of deals are boring & not creative. LA office chill, NYC super top heavy and v. high turnover. Analyst pay on par with street but gets worse esp after VP level. Politics and toxic culture - most junior (
Are the hours brutal in the la office?
College alum worked at Ares and hated their RE team. Pay is shit, and work-life balance is a no go with incredibly dull deals. The senior team consisted of people with REIB experiences from GS, JPM, and RBC - no solid background
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