2001 Junipero Serra Blvd in Daly City trades hands - San Francisco Business Times bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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Ares Management Corporation is set to acquire Black Creek Group’s U.S. real estate investment advisory and distribution business.
Founded in 1993, Black Creek had approximately $11.6 billion of assets under management across two non-traded Real Estate Investment Trusts (REITs) and various institutional fund vehicles.
Black Creek’s senior management team has an average of 25 years of experience in sourcing, acquiring, operating and developing properties in the U.S. Supported by large institutional investors and an established retail investor base, Black Creek has a longstanding track record across major property types, including industrial, multifamily, office and retail. The company has over 100 investment professionals operating across eight offices throughout the U.S.
A unit of Ares Management Corporation has entered into a definitive agreement to acquire 100% of Denver-based Black Creek Group, LLC’s U.S. real estate investment advisory and distribution business, a real estate investment management firm. Founded in 1993 by John Blumberg, Evan H. Zucker, and Jim Mulvihill, Black Creek had approximately US$ 11.6 billion of […]
Ares Purchases Black Creek Group
Ares Management Corp. has, through a subsidiary, entered into a definitive agreement to acquire 100 percent of
Black Creek Group’s U.S. real estate investment advisory and distribution business, a real estate investment management firm.
“We are very pleased to enter into this strategic transaction with Black Creek, which further scales our real estate business, expands us into core / core-plus strategies and provides us with a leading non-traded REIT retail distribution platform,” said
Michael Arougheti, chief executive officer and president of Ares. “We believe that this highly complementary combination will add meaningful revenue synergies for our real estate business as we offer new products to our existing investor base.”