Noticias y eventos de Ares Management Corporation (ARES)ARESAres Management Corporation

Ares Management and PSP Investments Form $2.4B Logistics Real Estate Joint Venture

Ares Management announced that an Ares Real Estate fund and PSP Investments have established a new joint venture to invest up to $2.4B in logistics real estate opportunities in the U.S. The joint venture combines Ares Real Estate's vertically integrated logistics investment capabilities and established sourcing network across its footprint with PSP Investments' scaled capital and shared conviction in the U.S. logistics sector. The joint venture will target assets in high-growth markets and includes a 5.2 million-square-foot seed portfolio comprising 14 properties across U.S. industrial hubs, including California, Texas and New Jersey. Marq Logistics will lead sourcing and manage the assets within the joint venture.

Capital Automotive Completes Acquisition of 90.01% Interest in MTI Portfolio

Capital Automotive, a portfolio company of Ares Alternative Credit and Real Estate funds, announced that it has completed the acquisition of its joint venture partner's 90.01% interest in the MTI Portfolio, a 49-asset portfolio of automotive retail real estate. The transaction restores CARS' full ownership of the MTI Portfolio following the sale of the interest in 2020. Ares acquired Capital Automotive in 2022. "We are pleased to bring these assets back under our full ownership, which allows us to completely oversee the asset management, financing and long-term strategy for this leading portfolio," said Roger Stattel, Chief Executive Officer of Capital Automotive. "Given CARS has managed these properties throughout the joint venture, the transaction is seamless for our dealer partners, and we look forward to continuing to strengthen these relationships."

Scion Group Acquires Student Housing Portfolio for $435M

The Scion Group announced the acquisition of a four-community, 2,316-bed student housing portfolio from SCHENK+, in partnership with Ares Real Estate funds. Three of the communities were developed by SCHENK+; the fourth was acquired and repositioned. The portfolio was acquired for an aggregate purchase price of approximately $435M. The four-community portfolio serves students at the University of Georgia, the University of Tennessee and Texas State University. Scion currently operates in all three markets, providing beneficial overlap with its existing platform and supporting an efficient integration into Scion's national operations.