Ares Management Corporation, the US global alternative investment manager, has raised $3.3 bn (€3 bn) for investing in real estate secondaries via Landmark Real Estate Fund IX (LREF IX).
Ares announced the takeover of Landmark in 2021 a year before record transaction volumes in the real estate secondaries market.
The strategy is a global one to acquire seasoned assets at attractive discounts to market value and build highly diversified portfolios for its investors.
The team comprises 26 dedicated real estate secondary investment professionals located across the US, Europe and Asia.
The Ares Real Estate Secondaries strategy is part of the Ares Secondaries Group, which has $23.3 bn of AUM across real estate, infrastructure, private equity and credit.
Source: https://propertyeu.info/Nieuws/Ares-hits-3b-for-global-secondaries-fund/a680be21-f4f6-4dab-acab-804c3456d806, on 7.12.2023.