Ares Management Corporation has successfully raised over $3.3 billion for its new U.S. Real Estate Opportunity Fund IV (AREOF IV), setting a record for the largest real estate closed-end fund the company has raised to date. This fund aims to invest in opportunistic real estate across the U.S., targeting distressed assets and special situations while also enhancing and repositioning underperforming properties. With this new fund, along with another in Europe, Ares now has $5.5 billion in opportunistic capital available for investments. Goodwin’s Real Estate Private Funds team, led by a diverse group of experts across various specializations, advised Ares on this fund’s formation. Ares Management currently oversees a global platform with over $447 billion in assets, operating in multiple regions including North America, Europe, Asia Pacific, and the Middle East.
Real Estate, Private Equity, Investment Management,United States, Europe
https://www.goodwinlaw.com/en/news-and-events/news/2024/09/announcements-otherindustries-ares-management