Ares Management Closes Ninth Value-Add U.S. Real Estate Fund at Approximately $1.04 Billion
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- 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. Through U.S. Fund IX, the team is continuing its value-add investing strategy of acquiring and improving institutional quality assets through renovation and repositioning initiatives in order to generate attractive returns and high current income. As a reflection of its strong track record of navigating through past cycles, U.S. Fund IX received strong support from longstanding existing investors as well as from new entrants
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ARES
Earnings
- 2/8/24 - Miss
ARES
Sec Filings
- 4/15/24 - Form 144
- 4/12/24 - Form 4
- 4/9/24 - Form 4
- ARES's page on the SEC website