Los Angeles skylineLOS ANGELES–Ares Management Corp. has made the final close of Ares US Real Estate Fund IX at approximately $1.04 billion.
This amount is a significant increase from US Fund IX's predecessor fund, Ares U.S. Real Estate Fund VIII, which closed at $825 million in December 2014.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
