In addition to serving in their primary discipline, some of our professionals participate on the investment committees of and/or have responsibilities with our other investment teams. Black Creek Group, a Denver-based real estate investment management firm with roughly $11.6 billion in assets under management as of late March, has agreed to be acquired by a subsidiary of Los Angeles-based Ares Management Corp., the companies announced Thursday afternoon. In addition, he worked at Security Capital Group as Senior V.P. A subsidiary of Ares Management completed its acquisition of Black Creek Group’s U.S. real estate investment advisory and distribution business.. As a real estate investment management firm, Black Creek has approximately 300 professionals operating across eight offices throughout the U.S. and approximately $11.6 billion of assets under management as of March 31, 2021. Founded in 1993, Black Creek had approximately $11.6 billion of assets under management, as of March 31, 2021, in core / core-plus real estate strategies across two non-traded Real Estate … The Ares Real Estate Group manages comprehensive public and private, equity and debt strategies with approximately $14.8 … The latest deal to buy Black Group’s real estate business increases Ares’ assets under management to $239 billion as of March 31 and adds another 300 … Bill Mendel. Previously, he was a Principal in the Acquisitions Group at Walton Street Capital, where he was involved in numerous real estate transactions. Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business (“Black Creek”), a leading real estate investment management firm. The Ares Real Estate Group manages comprehensive public and private, equity and debt strategies with approximately $14.8 billion of assets under management and more than 80 investment professionals, as of December 31, 2020. Follow Ares on Twitter @Ares_Management. On June 2, 2021, Ares completed the acquisition of Landmark Partners, LLC (collectively with its subsidiaries, " Landmark "), increasing AUM by $19.5 billion. 6 analysts are predicting earnings of $0.349 per share compared to earnings of … Ares Management Corporation's Real Estate Group manages comprehensive public and private, equity and debt strategies, with approximately $28.7 billion of assets under management as of March 31, 2021. Specifically, Black Creek’s 25-year experience in the industrial sector should further drive operating, sourcing and informational advantages for its Ares Real Estate Group’s fund investors. Founded in 1993 by John Blumberg, Evan H. Zucker, and Jim Mulvihill, Black Creek had approximately US$ 11.6 billion of […] Prior to joining Ares in 2019, Mr. Donohoe was a Managing Director for Commercial Real Estate Debt in AllianceBernstein's Real Estate Investment Group. Combined Real Estate Group Assets Under Management to Increase to Approximately $29 Billion. • Managed lease renewals (150 yr), fee owned, sale leasebacks and surplus. About Specht Development, Inc. A subsidiary of Ares Management entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business.. Founded in 1993, Black Creek had approximately $11.6 billion of assets under management as of March 31, 2021, in core/core-plus real estate strategies across two non-traded real estate investment trusts (REITs) and … Ares Management Corporation has agreed to acquire Black Creek Group’s U.S. real estate investment advisory and distribution business. Mr. Benjamin joined Ares in July 2013 from AREA Property Partners, where he was a Senior Partner from 1995 to 2013. Great American Bank (13 years) • VP Real Estate – 400 branches. The addition of Black Creek’s $11.6 billion of assets under management increases Ares’ AUM to approximately $239 billion. Previously, Mr. Donohoe was a Senior Professional at Ranieri Real Estate Partners. Ares Commercial Real Estate Corporation (“ACRE”) (NYSE: ACRE) is a Real Estate Investment Trust managed by Ares Commercial Real Estate Management LLC (“ACREM”), a subsidiary of Ares Management Corporation (NYSE: ARES) (“Ares”) a leading global alternative investment manager with approximately $239 billion of assets under management (“AUM”). NEW YORK, July 29, 2021--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 12,500,000 shares of its common stock. The U.S. real estate investment advisory and distribution business of Black Creek Group, a leading real estate investment management firm, was acquired by a subsidiary of Ares Management Corporation on July 1, 2021. This opens in a new window. Focuses on directly originating and managing a diversified portfolio of commercial real estate debt-related investments. Our mission is to create long-term value for our shareholders and favorable investment performance across economic cycles. On June 2, 2021, Ares completed the acquisition of Landmark Partners, LLC (collectively with its subsidiaries, " Landmark "), increasing AUM by $19.5 billion. Previously, he was a Partner in the Ares Real Estate Group, was Chairman of the Ares Commercial Real Estate Corporation board of directors and served as a member of the Ares Real Estate Group's Debt Investment Committee. Real Estate Details: Ares U.S. Real Estate Fund IX, L.P. (2 days ago) The Ares Real Estate Group manages comprehensive public and private equity and debt strategies and offers real estate products across the risk-spectrum with a focus on major property types, and, as of September 30, 2016, had approximately $10.4 billion in AUM. ; Black Creek had … The tools, systems, techniques and models to obtain leads, listings, leverage and create a saleable business are provided for new, but powerful, agents - and veteran brokers running large companies as … Leading Core / Core-Plus Real Estate Firm Will Expand Ares’ Real Estate Group with Complementary Capabilities and Vertically Integrated Platform in … Since then, Ares has made meaningful acquisitions to enhance its real estate platform and extend its reach into commercial real estate lending and real estate … Prior to Rosemary Capital, he was a principal in the Ares Real Estate Equity Group (fka AREA Property Partners and Apollo Real Estate Advisors), where for over 13 years, he headed up real estate equity investments in the Texas, Tennessee, Georgia, Colorado, and Gulf Coast regions. Sure, Jade. Black Creek has approximately $11.6 billion of assets under management across two non-traded real estate investment trusts and various institutional fund … Landmark is a leading investment manager focused on the secondary markets and manages private equity, real estate and infrastructure secondaries funds. (212) 397-1030 Investors: Ares Dynamic Credit Allocation Fund, Inc. … Investment Discipline. Dependable Partner. Ares Management Corporation's ("Ares") Real Estate Group manages comprehensive public and private equity and debt strategies, with approximately $12.5 billion of assets under management ("AUM") as of September 30, 2019. A subsidiary of Ares Management Corp. has entered into a definitive agreement to acquire Black Creek Group’s US real estate investment advisory and … Ares Management has generated $1.86 earnings per share over the last year and currently has a price-to-earnings ratio of 49.1. DENVER, July 22, 2021 (GLOBE NEWSWIRE) -- A fund managed by Black Creek Group, a leading real estate investment firm that was acquired by a subsidiary of Ares … Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. “We are excited to welcome the Black Creek team to Ares and believe that this combination is highly complementary to our leading real estate business,” said Michael Arougheti, Chief Executive Officer and President of Ares. Additionally, Mr. Lamont is a member of the Ares Real Estate Group's Global Investment Committee. Ares Management Corp. on Thursday said it agreed to acquire real estate investment management firm Black Creek Group. He serves on the Ares Executive Management Committee. We are trusted stewards of flexible and scalable capital, investing across the credit, private equity, real estate and secondary markets. Stay informed and up-to-date on your network with RelSci news and business alerting service. • 500 sale/leasebacks completed. Each of Ares’ investment platforms is led by a dedicated group of senior investment professionals. Mr. Benjamin is a Partner and Head of Ares Real Estate Group. Ares Management Corporation has announced that Areas Real Estate Group has entered into a definitive agreement and will acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business. Ares Management Corporation (Ares) has agreed to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business (Black Creek), a real estate investment management firm.. 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