Ares Management Corporation, a leading global alternative investment firm, has successfully closed its largest real estate fund to date, Ares U.S. Real Estate Opportunity Fund IV, L.P. (AREOF IV), raising over $3.3 billion in equity commitments. This fund, together with capital from Ares’ European opportunistic real estate strategy, positions the firm with $5.5 billion of aggregate capital for investment opportunities in both the U.S. and Europe. AREOF IV will focus on distressed real estate acquisitions, asset enhancement, and risk-mitigated developments in key markets. Highlighting its early success, the Fund includes the $1.07 billion acquisition and redevelopment of the Hyatt Regency Orlando and a major office-to-residential conversion project in New York City.
Private Equity, Real Estate, Investment Management,United States, Europe, Global
https://ir.aresmgmt.com/news/ares-management-raises-over-3-3-billion-of-u-s-opportunistic-real-estate-capital/62c6082d-25ea-4b19-a8c3-2bc660c46ba6