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.