A subsidiary of Ares Management Corp. has entered into a definitive agreement to acquire Black Creek Group's US real estate investment advisory and distribution business.
As of March 31, 2021, Black Creek had approximately $11.6 billion of assets under management in core and core-plus real estate strategies across two non-traded REITs and various institutional fund vehicles. Black Creek, which has more than 100 investment professionals operating across eight offices throughout the US, has experience in major property types, including industrial, multifamily, office and retail.
Black Creek, which was founded in 1993, has a senior management team with an average of 25 years of experience in sourcing, acquiring, operating and developing properties in the US. After closing, key members of the Black Creek leadership team will become part of the Ares Real Estate Group, led by Bill Benjamin.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
