Ares Finalizes Acquisition of Black Creek Group’s U.S. Business
Ares Management Corporation completed its previously disclosed acquisition of Black Creek Group’s U.S. real estate investment advisory and distribution business. The addition of Black Creek’s $11.6 billion of assets under management increases Ares’ AUM to approximately $239 billion.
“The integration with Black Creek marks a pivotal expansion of our group’s capabilities and products and meaningfully broadens our footprint in the U.S.,” said Bill Benjamin, head of the Ares Real Estate Group. “As a combined business with approximately $29 billion in AUM and flexible capital across a full range of investment solutions, including dedicated vehicles in the high conviction industrial sector, we will be able to provide a more comprehensive offering.”
Since inception, Black Creek’s vertically integrated industrial platform has bought or built more than $23.3 billion of assets domestically. Black Creek also operates a retail fundraising platform with $5.1 billion in perpetual, non-traded REIT capital as of March 31.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!