Ares Buys Black Creek’s Real Estate Business

 Ares Buys Black Creek’s Real Estate Business

Ares Management Corp.’s headquarters at 2000 Avenue of the Stars in Century City.

Photo by Ringo Chiu.

Century City-based alternative asset manager Ares Management Corp. has completed its purchase of Black Creek Group’s U.S. real estate investment advisory and distribution business.

The addition of Denver-based Black Creek’s real estate assets gives Ares a combined business with roughly $29 billion in real estate assets under management,

“The integration with Black Creek marks a pivotal expansion of our group’s capabilities and products and meaningfully broadens our footprint in the U.S.,” said Bill Benjamin, partner and head of the Ares Real Estate Group.

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Read full article…labusinessjournal.com