Principal, Multifamily Development

Ares

Los Angeles, CA, United States
Base: $250,000.00; bonus/equity: discretionary per...
Sourcing and closing development deals
Financial underwriting and analysis
Multifamily purchase and sale agreements
This Market Leader will ultimately be responsible for the financial performance of the Southern California market through identification, closing and execution of development deals

Job Summary

  • This Market Leader will ultimately be responsible for the financial performance of the Southern California market through identification, closing and execution of development deals.
  • 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.
  • The firm also offers robust Benefits offerings including 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.

Matching Summary

This Market Leader will ultimately be responsible for the financial performance of the Southern California market through identification, closing and execution of development deals.

Salary

Base: $250,000.00; Bonus/Equity: Discretionary performance-based bonus; Benefits: Comprehensive medical, dental, vision, 401(k) match, life insurance, disability, EAP, commuter benefits, and more

Skills & Requirements

Must-have

  • Sourcing and closing development deals
  • Financial underwriting and analysis
  • Multifamily purchase and sale agreements
  • Team leadership and mentoring
  • Market relationship cultivation
  • Negotiation from LOI to closing
  • Budgeting and forecasting oversight

Nice-to-have

  • Strong presentation skills
  • Knowledge of architectural and construction processes
  • Ability to grow team capabilities
  • Effective communication skills
  • Entrepreneurial and collaborative culture

Key Requirements

  • 10+ years multifamily development experience
  • Bachelor’s degree
  • Proven record of deal sourcing and closing
  • Financial underwriting acumen
  • Knowledge of real estate legal documents and entitlements
  • Willingness and ability to travel

Work Rights

Not specified

Tailored Resume

Cover Letter