Ares Real Estate Group is broadening its capabilities and product offerings with the planned purchase of a firm that specializes in industrial, multifamily, office and retail properties across the U.S.
Ares Management entered into an agreement late last week to acquire 100% of Black Creek Group’s $11.6 billion U.S. real estate investment advisory and distribution business. The Denver-based firm has an experienced 100-strong investment team is focused on core and core-plus strategies, with two non-traded REITs and various institutional fund vehicles.
Ares said it believes that $2 . . .
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