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Disposition of recently completed 100% leased core industrial asset represents sustained investment demand in burgeoning market; Facility provides solution for mid-sized tenant users
April 6, 2021 Ares Management has hit a target-beating $1.7bn final close for its biggest real estate opportunity fund yet. The firm was hoping to collect $1.5bn for Ares US Real Estate Opportunity Fund III, already a significant rise on the $1bn it gathered for Fund II and related vehicles. Ares said it had already capitalised on what it believes is an attractive market opportunity “post-Covid-19” with nine investments committed to date. David Roth, head of US real estate private equity at the firm, said, “We have been able to draw on our team’s deep market coverage, longstanding rel...