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 Role Overview The Analyst – Asset Management (Logistics) will support the Asset & Investment Management team in driving value creation, underwrite new investment, monitoring performance, and executing business plans across a diversified portfolio with a focus on Italian Logistics assets. The role will partner closely with senior asset managers, investment teams, finance, and third-party operators/servicers to ensure high-quality analysis, reporting and disciplined execution throughout the asset lifecycle. While reporting to a designated Principal or above, the Analyst will work day-to-day with different senior members of the Asset and Investment Management team across the portfolio. Based in Milan, this position supports assets across Italy, working across the full range of strategies and structures (direct holdings, joint ventures, and Co-Invest vehicles). The Analyst will contribute to acquisitions, ongoing asset oversight, financing and refinancing processes, and exit execution, with a focus on rigorous financial analysis, data integrity, and clear communication to internal and external stakeholders. Key Responsibilities Asset Management & Value Creation Manage asset-level business plans in partnership with wider Deal & Investment Team and external operating partners, ensuring clear priorities, measurable milestones, and accountability. Monitor operating performance (NOI, occupancy, leasing velocity, renewals, arrears, opex) and proactively address underperformance through agreed action plans. Co-ordinate annual budgeting and Quarterly IRR reforecasting processes with operating partners, ensuring timely delivery, appropriate assumptions, and alignment to portfolio targets. Help identify and execute value creation initiatives including revenue management, ancillary income, pricing optimisation, cost control, and unit/amenity upgrades. Monitor capital expenditure programmes (maintenance and value-add), including scope definition, prioritisation, procurement oversight and delivery tracking. Steering of lease execution process which includes approvals, board presentations and budget comparisons. Building and maintaining strong customer relationships Investment & Acquisition Activities Analyse and execute new investment opportunities, including financial modelling, underwriting, due diligence, market research, valuation analysis and risk assessment. Support the acquisition, financing and management of direct investments, joint ventures, separate accounts and co-investment vehicles. Conduct property-level, market and portfolio due diligence, including site inspections, tenant reviews, lease analysis, market studies and supply-demand assessments across target European markets. Prepare investment memoranda, underwriting models, presentations and recommendations for senior management and Investment Committee review. Support refinancing, recapitalisation and disposition processes, including lender reporting, buyer due diligence, data room management and transaction execution. Third-Party Management, Data & Governance Act as a critical Ares’ day-to-day asset management interface with external operating partners, property managers and key third-party service providers. Endorse and maintain governance rhythms (weekly/monthly operating reviews, quarterly business reviews), ensuring clear decision-making and documented follow-ups. Review and advise on partner/Property and Facility Management reporting, KPIs and assumptions to ensure consistent reporting standards across sector is maintained. Prepare materials for weekly/monthly operating reviews and quarterly business reviews, including dashboards, KPI packs, and meeting minutes/action trackers as required. Drive the standardisation of reporting templates and definitions across the sector to enable consistent portfolio aggregation and performance comparisons. Steering of letting process for vacant units as well as for future tenant changes. This also includes the cooperation with external leasing brokers as well as own initiatives based on Marq Logistics networks. Market, Commercial & Portfolio Analytics Maintain awareness of market parameters (rents/pricing, vacancies, supply pipeline, cap rates, comparable transactions) and apply towards actionable insights for business plans. Support valuation processes by compiling inputs, updating cash flow assumptions, and coordinating with third-party valuers where relevant. Maintain awareness on key macro, regulatory and sector-specific developments relevant to the assets and ensure relevant actions for asset strategy and risk management. Prepare ad hoc analysis in support of asset-level decisions (capex prioritisation, leasing/commercial strategies, restructuring options, hedging considerations as applicable). Reporting & Stakeholder Management Prepare recurring asset and deal level reporting packs for internal committees and senior management, including performance highlights, risks, and required decisions. Ensure data quality and version control across models, forecasts and reporting outputs; maintain clear assumptions and supporting backup. Input and reconcile actuals, perform quality checks, and update asset/deal models accordingly to reflect latest performance and revised assumptions. Prepare investor reporting and due diligence requests by coordinating inputs from internal teams and third parties and performing checks for completeness and consistency. Work closely with Investments, Portfolio Management, Finance, Tax, Legal and ESG to support execution across the asset lifecycle and timely resolution of queries. IPD Management Coordinate periodic IPD data submissions across assets (working with internal teams and third parties) and ensure completeness, consistency and timely delivery. Maintain the IPD reporting database, including data quality checks, reconciliations to internal reporting, and documentation of assumptions and methodologies. Dispositions, Refinancing & Capital Events Support refinancing processes by maintaining lender models/requests, tracking covenant compliance (where applicable), and preparing supporting schedules and analysis. Assist with exit planning and execution, including data room preparation, buyer Q&A coordination, and analysis to support management presentations and investment committee materials. Prepare disinvestment memoranda, financial models, presentations and recommendations for senior management and Investment Committee review. Track delivery of business plan initiatives underpinning valuation and exit narratives, ensuring supporting evidence and documentation are readily available. Assist in exit planning and execution, including broker selection support, data room readiness, buyer due diligence coordination, SPA negotiation and management presentations. ESG, Compliance & Risk Support integration of ESG objectives into business plans by tracking KPIs, compiling data from third parties, and helping prepare internal and external reporting. Assist with sustainability initiatives (energy, carbon, certifications) by coordinating data requests, maintaining trackers, and supporting analysis of capex/opex trade-offs. Support compliance and risk management workstreams by maintaining registers (insurance, H&S, regulatory items), tracking renewals/deadlines, and escalating issues to senior team members. Team & Capability Development Contribute to the development of best practices, playbooks and reporting standards for Retail and Office asset management across Europe. Support knowledge-sharing by documenting processes, maintaining trackers, and proactively surfacing insights from portfolio data. Assist with onboarding of external partners and internal resources as the platform scales. Candidate Profile Experience Ideally 1-3 years’ experience in asset management, investment banking, portfolio management, investment management, transaction services, corporate finance, or an adjacent analytical role within financial services and/or real assets. Demonstrable track record of active involvement in business plan execution, investment transactions, operating partner relationships, budgeting/forecasting and value creation initiatives. Experience working across jurisdictions and working with third-party operators. Exposure to acquisitions support, refinancing and/or disposition processes across sectors but primarily retail and office. Skills & Attributes Strong analytical skills and attention to detail; able to translate large amounts of information into clear outputs and recommendations. Advanced Excel skills (financial modelling, scenario/sensitivity analysis); comfort with PowerPoint for presenting materials (and familiarity with Power BI or similar is a plus). Commercial judgement and curiosity; proactive in identifying issues, asking the right questions, and proposing solutions. Strong communication and stakeholder management skills; able to work effectively across European geographies with external partners. Organised and reliable, with the ability to manage multiple workstreams in parallel and meet deadlines in a fast-paced environment. Interest in ESG integration and responsible investment practices; ability to support data gathering and reporting requirements. Education & Languages Master’s degree (or equivalent) in Finance, Economics, Business, Engineering or a related field. Ability to travel across Italy required. Fluent in Italian and in English. Reporting Relationships Managing Director, Real Estate 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. Salary range: 50,000 - 75,000 EUR gross per annum 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. Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management's global platform had approximately $671 billion of assets under management(1) with more than 4,400 employees operating across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law. Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance. (1) As of June 30, 2026. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.

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