Ares Management Corporation, the global alternative investment manager, has raised approximately $5.4 billion of capital, including via equity commitments and related transaction vehicles, to invest in value-add real estate opportunities across the United States and Europe.
It follows the final closings of Ares US Real Estate Fund XI and Ares European Property Enhancement Partners IV.
Ares Real Estate said it intends to continue plugging into its "global insights and scale" to invest thematically and target attractive opportunities locally. The value-add strategies are focused on logistics, multifamily, self-storage and adjacent sectors. To date, US XI and EPEP IV have each deployed or identified approximately $1.1 billion of initial investments.
Among the latest fundraisings, US XI closed at an increased hard-cap of $3.1 billion, Ares said. Inclusive of related transaction vehicles and general partner commitments, the United States value-add strategy raised approximately $3.5 billion of total capital. EPEP IV raised approximately $1.9 billion of total capital across equity commitments and related transaction vehicles.
Ares has been a major UK real estate investor in recent years. In May 2025 it bought 10 Brook Street, W1, from Hong Kong-listed property developer and investor Wing Tai, for £43 million, a 3.74% net initial yield, in a deal revealed by CoStar News. The ultimate buyer was EPEP IV.
Earlier in 2025 it had bought the international business of global industrial real estate giant GLP Capital Partners, excluding China, in a transaction valued at $3.7 billion.
In February this year, it bought Netflix's offices at the 106,000-square-foot Copyright Building at 25 Berners Street in Fitzrovia for around £160 million.
In March, it was set to acquire a 36-property US industrial portfolio from EQT Real Estate for about $650 million, its second major logistics deal with the Swedish private equity giant in just four months. In November 2025, Ares was bought a 23-property portfolio.
In France, meanwhile, in May 2025, Ares Management, represented by Factor'Industrial Real Estate as operating partner, acquired the Sun logistics portfolio from DWS for around €120 million.
“As real estate markets move into the early stages of recovery, our confidence is fueled by the increase in long‑term structural demand across our high-conviction New Economy sectors,” said Julie Solomon, head of Ares Real Estate, said in a statement. “We believe this substantial capital reinforces our team’s ability to invest in the most compelling opportunities, particularly in supply-constrained sectors where durable cash flows and valuation resets are creating attractive entry points.”
Ares Real Estate had approximately $114 billion in assets under management as of 31 December 2025. It employs 740 professionals across 38 offices in the Americas, Europe and APAC.
Ares Management Corporation is a global alternative investment manager across credit, real estate, private equity and infrastructure. As of 31 December, 2025, Ares Management Corporation’s global platform had nearly $623 billion of assets under management.