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Stock impact report

Ares Management Funds Announce Significant Exits in Germany Contributing to Record Transaction Volume over Past Year

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: Business Wire
Sale of 74,000-Square-Meter Business Park in Munich and 2,500-Unit Rental Portfolio Bring Ares’ Completed Transaction Volume in Germany to Approximately €1 Billion Over the Past 12 months LOS ANGELES & LONDON--(BUSINESS WIRE)-- Ares Management L.P. (NYSE:ARES) announced today that funds managed by its real estate group have completed two significant asset sales that bring the total completed transaction volume in Germany to approximately €1 billion over the past year. The first transaction is the sale of the 74,000-square-meter Kustermann Park office complex in Munich, Germany, to a pan-European fund manager. Specific terms were not disclosed. The second is the sale of a portfolio of 2,500 rental units (comprising of 2,453 multifamily units and 52 commercial units) in the North Rhine Westphalia, Southern Lower Saxony and Bremen, as well as the Schleswig-Holstein catchment area of Hamburg to a listed German Show less Read more
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