Ares Management related stories
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Blueprint: Brookfield's $8bn close for BSREP V, Starwood’s takeover bid for ESR, PGIM’s $2bn data center fundBrookfield Asset Management reaches over $8 billion in commitments for Brookfield Strategic Real Estate Partners V, bringing the vehicle over halfway to its final target; Starwood forms a consortium of investors, including TPG-spinout credit platform Sixth Street Partners and New York investment firm SSW Partners, to propose a buyout of the Asian industrial giant ESR Group; PGIM Real Estate is targeting $2 billion for a global data center fund; and more in today's briefing, exclusively for our valued subscribers.
Ares’ Phillips: ‘We are beginning to see signs of a market recovery’The Los Angeles-based firm expects to bring to market the latest iterations of its European and US value-add real estate funds this year.
Blueprint: Blackstone’s latest European mega-fund; EQT Exeter’s APAC logistics fund launch; ACORE’s $1.4bn capital raise for real estate creditBlackstone reaches mega-fund status – and eyes another fundraising record – with Blackstone Real Estate Partners Europe VII, raising $7.6 billion to date; EQT Exeter focuses its closed-end fundraising efforts on Asia-Pacific with its latest logistics offering; ACORE closes on the largest real estate debt fund so far this year at $1.4 billion; and more in today’s briefing, exclusively for our valued subscribers.
Ares’ Benjamin: ‘To get the business to the next step, I want a partner’The firm’s co-heads of real estate talked about what drove leadership change at the top and what is next for the $49bn business.
Blueprint: PERE's Deep Dive on multifamily distress, Blackstone's double exit in the US and South Korea, PAG consortium's $8.3bn acquisition of China mall operatorMultifamily distress is creating both challenges and opportunities for private real estate managers, as PERE's April 2024 cover story examines; Blackstone has made two high-profile exits from investments in the US and South Korea, returning capital to investors in a wide range of vehicles; PAG-led consortium buys the world's largest mall operator in $8.3 billion deal; and more in today's briefing, exclusively for our valued subscribers.
S2 Capital targets $1bn for multifamily private REITThe REIT, which will be seeded with a $1.6bn portfolio of assets, will be the largest vehicle of its kind focused on the sector.
Five key trends in real estate secondariesThe real estate secondaries market is poised for significant growth, driven by increased demand for capital, attractive discounts to net asset value and a broadening range of transaction types.
Deal volume skids to 2021 levelsAres Management data shows deal volume for real estate secondaries fell 21% in 2023 from the record $12.4bn clocked the year before.
Europe and Asia play catch-up in the secondaries marketThe US has traditionally dominated the real estate secondaries market, but Europe and Asia are poised to make up ground.
Real estate secondaries on the cusp of a golden ageA broad pipeline of manager- and investor-led deals is emerging in the current liquidity-constrained market, fueling long-term growth.