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Access here alternative investment news about Ares Management Closes Ninth Value-add U.s. Real Estate Fund At Approximately $1.04B
Private Equity

Ares Management Closes Ninth Value-add U.s. Real Estate Fund At Approximately $1.04B

by vcaonline.com posted 4months ago 33 views
LOS ANGELES, December 5, 2018-- Ares Management Corporation (NYSE:ARES) announced today the final closing of Ares U.S. Real Estate Fund IX (“U.S. Fund IX” or the “Fund”), which primarily targets investments in multifamily, industrial, and office properties located across the United States, at approximately $1.04 billion. This fundraise represents a significant increase from U.S. Fund IX’s predecessor fund, Ares U.S. Real Estate Fund VIII, which closed at $825 million in December 2014.