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Ares Management Closes Largest Fundraise to Date

Ares Management Corporation, a global alternative investment manager, announced the final closing of its Ares U.S. Real Estate Opportunity Fund III LP. The fund, which targets distressed, repositioned and selective development opportunities, was oversubscribed with approximately $1.7 billion of commitments compared to its $1.5 billion target. This marks the largest U.S. real estate equity fundraise for Ares to date and is a significant increase from the $1 billion of commitments raised for the predecessor fund and related vehicles.

Ares’ U.S. opportunistic real estate strategy draws on the team’s experience of investing across market cycles and sectors, and seeks to generate differentiated investment opportunities for investors. The fund has already capitalized on market opportunities post-COVID with nine investments committed to date.

The investment activity in a period of market dislocation demonstrates the advantages of the fund’s distinct strategy and proprietary sourcing capability through longstanding relationships. Additionally, the fund is positioned with ample dry powder to deploy toward opportunities as they arise.

“Our investors recognize the importance of being aligned with a cycle-tested team that can effectively capitalize on the current market opportunity,” said Bill Benjamin, partner and head of the Ares Real Estate Group.


Inside The Story

Learn More About Ares Management Corp.

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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