Ares Management Secures $3.3 Billion for Real Estate Growth
Ares Management Secures Large Investment for Real Estate
Ares Management Corporation (NYSE: ARES) has successfully closed its U.S. Real Estate Opportunity Fund IV, securing an impressive amount of over $3.3 billion. This substantial capital infusion will focus on enhancing real estate opportunities across the United States. The achievement marks a significant milestone, eclipsing the $2.2 billion raised for its predecessor fund, illustrating Ares' robust growth trajectory in the real estate sector.
Strategic Positioning in Real Estate Markets
With this new fund, Ares now boasts a total of $5.5 billion dedicated to opportunistic real estate across both the U.S. and Europe. The company is poised to seize favorable investment opportunities, especially as market conditions begin to stabilize.
Focused Investment Approach
AREOF IV targets properties that are often distressed or underperforming, aiming to acquire and enhance these assets. By implementing strategic management and redevelopment practices, Ares seeks to not only revive these properties but also add substantial value to its investment portfolio.
Market Insight from Leadership
“As capital markets stabilize, we are observing significant opportunities for AREOF IV,” stated David Roth, Partner and Co-Head of Ares U.S. Real Estate. He emphasizes the need for capital that can bridge gaps created due to deleveraging experienced over the last two years, indicating that high-quality real estate investments are within reach in attractive markets.
Noteworthy Investments Within the Fund
Highlights of AREOF IV’s portfolio include the recent acquisition of the Hyatt Regency Orlando, which was purchased for $1.07 billion. This investment is regarded as one of the largest hotel transactions of the year. Additionally, the fund contributed preferred equity for the massive conversion of 55 Broad Street in New York City's Financial District, transforming one of the largest office spaces into residential units.
Diverse Investor Engagement
The capital for the fund has been raised from a wide variety of investors, showcasing Ares' broad appeal. Investors range from sovereign wealth funds and public pensions to family offices and private banks, reflecting global trust in the company’s investment capabilities.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a prominent global alternative investment firm, offering a range of primary and secondary investment solutions across multiple asset classes, including credit, real estate, private equity, and infrastructure. Their goal is to provide flexible capital that aids business growth and community development. As of now, Ares manages over $447 billion in assets and employs more than 2,950 people worldwide, highlighting its expansive reach and operational expertise.
Frequently Asked Questions
What is Ares Management Corporation known for?
Ares Management is a leading global alternative investment manager focused on providing a variety of investment solutions across different asset classes.
How much capital did Ares raise for its recent fund?
Ares raised over $3.3 billion for its U.S. Real Estate Opportunity Fund IV.
What types of investments does Ares focus on?
Ares targets distressed real estate assets with the goal of enhancing their value through strategic management and redevelopment.
Who are some of Ares' investors?
The fund attracted commitments from various institutional investors, including sovereign wealth funds, public pensions, and private banks from across the globe.
Where can I learn more about Ares Management Corporation?
For more information, please visit www.aresmgmt.com.
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