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Ares Surpasses Target with Tenth U.S. Real Estate Fund
Ares Management Corporation held the final closing of its Ares U.S. Real Estate Fund X, L.P. Targeted to raise $1.5 billion, U.S. X was oversubscribed with $1.8 billion of commitments and is more than 75% larger than its predecessor fund, which closed at $1.04 billion in November 2018.
“We are well positioned to capitalize on new opportunities created by the current economic environment and to leverage our experience and longstanding relationships to access potential investments,” said Jay Glaubach, partner and co-head of U.S. real estate investments at Los Angeles-based Ares.
Through U.S. X, the Ares Real Estate team continues to acquire and improve institutional quality assets in historically attractive sectors, such as multifamily and industrial, with select investments in other major and adjacent property types to generate both income and appreciation for investors.
Pictured: Ares headquarters in Los Angeles, courtesy of Gensler.
- ◦Sale/Acquisition
- ◦Financing
