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Ares Commercial Real Estate Corporation announced today that it has appointed Rebecca Parekh to its Board of Directors, effective immediately. Ms. Parekh’s appointment expands the Board from... | December 16, 2021

Share 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 longstandin...

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. �...

Shannon Donnelly Palm Beach Daily News When the organizers of the Party Animal Gala urged guests to dress as a tribute to their favorite animal spirit, we were hard-pressed to choose.  We have so many beloved animal spirits. Wild Turkey. Grey Goose. Pink squirrel. Moscow mule.  And our ''mostest favoritest,'' hair of the dog. More Palm Beach society news here. Then we looked at the invitation again and realized it was "Spirit Animal," not "Animal Spirit." Damn ''lysdexia.'' Well, ''spirit animal'' is much easier. According to Native American tradition, our spirit animal is the raven. S...