Ares Management Corporation (Ares) has announced the promotion of Julie Solomon, the Global Chief Operating Officer of Ares Real Estate, to Co-Head of Real Estate alongside Bill Benjamin, the current Head of Real Estate. This appointment is effective immediately, signifying a collaborative leadership approach to steer the Ares Real Estate business on a global scale.
Julie Solomon, who joined Ares in 2013, has played a pivotal role within the Real Estate team, contributing significantly to its organic and inorganic growth. Her elevation underscores her leadership and strategic contributions to the organization.
As the Global Chief Operating Officer of Ares Real Estate, Solomon has spearheaded the growth and integration of the team’s portfolio management function, facilitated the expansion of its data and analytics infrastructure, and actively engaged in fundraising endeavors. Notably, Solomon is esteemed within the real estate industry, serving on the Advisory Board of NYPEN Real Estate and holding memberships in prestigious associations such as the Pension Real Estate Association (PREA) and WX New York Women Executives in Real Estate.
“After almost two decades of partnership, I am thrilled to continue leading this amazing team with Julie,” said Mr. Benjamin. “She is a talented industry veteran whose professionalism and accomplishments are highly regarded among Ares’ team members, limited partners and industry stakeholders. She has been a driving force behind our team’s strategic growth as well as our culture of operational and investment excellence. With her perspectives, insights, and relationships, I am confident that she is the right leader to continue partnering with me in shaping our future.”
“I am honored and excited to join Bill in leading the global Real Estate team as we continue to execute our long-term strategy,” said Ms. Solomon. “Our team has reached many significant milestones over our nearly 20 years of working together and I am so proud of all that we have achieved. We have grown tremendously over the last few years, catapulting us to a position of strength among the top real estate investment platforms globally. We will continue to build upon our track record of success through our disciplined investment approach, expansion of our vertically integrated capabilities and excellent client experience.”
The Ares Real Estate team oversees approximately $49 billion of assets under management and has more than 250 investment professionals across sixteen local offices in core markets in the U.S. and Europe. The team leverages its scaled, vertically integrated operating platform to execute comprehensive real estate equity and debt strategies that are flexible by geography, product type and sector. The team’s property-level experience, local market presence, and synergies with the broader Ares platform are key drivers of differentiated deal flow and enhanced investment outcomes.
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By Ravi Kumar