London London

Ares Management Corp. has closed its fifth European real estate fund, Ares European Real Estate Fund V SCSp, oversubscribed with a total fundraise of €1.78 billion. The firm had an initial target of €1.25 billion.

This is Ares largest fundraise to date. It is also a significant increase over its previous fund, Ares European Real Estate Fund IV, which closed at €1.1 billion in December 2014.

The fund will invest across asset classes, and will maintain earlier strategies to invest undermanaged or underfunded assets out of distressed ownership structures or complex situations, and actively managing them through to exit into the institutional market.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.