Ares Management Corp. has held a final closing of Ares U.S. Real Estate Opportunity Fund IV (AREOF IV).
Ares raised more than $3.3 billion to invest in opportunistic real estate in the U.S. through equity commitments to the fund and related transaction vehicles. This marks the largest Ares Real Estate closed-end fundraise to date and is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and related transaction vehicles.
The fund, in combination with capital raised for the most recent vintage of Ares’ European opportunistic real estate strategy, positions Ares with $5.5 billion of aggregate opportunistic capital aimed to capitalize on attractive new investment opportunities in the United States and Europe.
Consistent with its predecessors, AREOF IV focuses on acquiring real estate assets out of distressed ownership structures and special situations, enhancing and repositioning undermanaged assets, and pursuing risk-mitig
