Ares Management, a global alternative investment manager, closed Ares U.S. Real Estate Opportunity Fund IV. Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. through equity commitments to the fund and related transaction vehicles.
“As capital markets stabilize, we are observing significant opportunities for AREOF IV,” David Roth, partner and co-head of Ares U.S. Real Estate, said. “We believe the mounting need for capital infusions to bridge gaps created by the deleveraging that has occurred over the past two years has yielded an attractive investible universe of high-quality real estate in desirable markets.”
“Meaningful enhancements to strengthen our origination and execution capabilities, particularly within the sectors and markets that we find most attractive, have enabled us to deploy a significant portion of the Fund in recent investments,” Andrew Holm and Jay Glaubach, partners and co-heads of Ares U.S. Real Estate Investments, said. “We look forward to building on this progress while seeking to generate compelling risk-adjusted returns for our investors.”
