Key Takeaways
- • Ares Management promoted Julie Solomon to co-head of real estate alongside Bill Benjamin, effective immediately, expanding leadership of a $117 billion global real estate portfolio.
- • Solomon transitions from global Chief Operating Officer to co-leadership role, maintaining her strategic responsibility for Ares Real Estate's business strategy and operations across equity and debt strategies globally.
- • The promotion reflects Ares' continued expansion in real estate investing and signals a dual-leadership structure for the business line, with Solomon and Benjamin sharing oversight of the platform.
- • Solomon joined Ares in 2013 from AREA Property Partners and previously worked in the Alternative Investments Group at JP Morgan; she holds an MBA from Harvard Business School.
Summary
Ares Management Corporation elevated Julie Solomon to co-head of its real estate investment business, effective immediately, positioning her alongside existing head Bill Benjamin to jointly oversee the firm's global real estate operations. The promotion underscores Ares' ongoing expansion strategy within alternative investments and reflects Solomon's elevated role within the organization's leadership hierarchy.
Solomon assumed responsibility for leading a $117 billion global real estate portfolio spanning equity and debt strategies. As co-head, she works with Benjamin to direct the business strategy and operations of Ares' global real estate platform. The dual-leadership structure consolidates oversight of a significant asset base at a critical juncture for the alternative investment manager's real estate growth initiatives.
Prior to the promotion, Solomon served as global Chief Operating Officer for Ares Real Estate, a position she has held while advancing the platform's expansion efforts. Her career trajectory reflects substantial experience in institutional real estate investing; she joined Ares in 2013 from AREA Property Partners, where she was a Partner, and previously held positions in the Alternative Investments Group at JP Morgan. Solomon is a member of the Ares Operating Committee and serves on the Global Real Estate and Debt Investment Committees, positioning her centrally within the firm's strategic decision-making.
Beyond her corporate role, Solomon maintains active involvement in industry governance and professional networks, serving on the Board of Directors of the Pension Real Estate Association (PREA) and advisory boards for NYPEN Real Estate and Penn Arts and Sciences' Professional Women's Alliance. She holds a Bachelor's degree, magna cum laude, in History from the University of Pennsylvania and an MBA from Harvard Business School.
Solomon assumed responsibility for leading a $117 billion global real estate portfolio spanning equity and debt strategies. As co-head, she works with Benjamin to direct the business strategy and operations of Ares' global real estate platform. The dual-leadership structure consolidates oversight of a significant asset base at a critical juncture for the alternative investment manager's real estate growth initiatives.
Prior to the promotion, Solomon served as global Chief Operating Officer for Ares Real Estate, a position she has held while advancing the platform's expansion efforts. Her career trajectory reflects substantial experience in institutional real estate investing; she joined Ares in 2013 from AREA Property Partners, where she was a Partner, and previously held positions in the Alternative Investments Group at JP Morgan. Solomon is a member of the Ares Operating Committee and serves on the Global Real Estate and Debt Investment Committees, positioning her centrally within the firm's strategic decision-making.
Beyond her corporate role, Solomon maintains active involvement in industry governance and professional networks, serving on the Board of Directors of the Pension Real Estate Association (PREA) and advisory boards for NYPEN Real Estate and Penn Arts and Sciences' Professional Women's Alliance. She holds a Bachelor's degree, magna cum laude, in History from the University of Pennsylvania and an MBA from Harvard Business School.
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